Banking Commercial Loan Settlement Officer - PA

Mid Penn Bank - Millersburg Branch•Malvern, PA

9h•Onsite

About The Position

Mid Penn Bank is hiring a full-time Commercial Loan Settlement Officer based in Harrisburg, Malvern, or Clearfield, Pennsylvania. The role supports the commercial lending department by preparing, reviewing, and verifying loan documentation for accuracy and completeness in accordance with internal policies, regulatory requirements, and approved loan terms. It helps mitigate risk, maintain data integrity, and deliver a smooth closing and booking experience for customers and internal stakeholders. The officer coordinates complex commercial lending transactions and works closely with lenders, credit administration, attorneys, title companies, and closing agents to achieve timely, accurate closings. The role requires advanced knowledge of commercial loan structures and the ability to interpret attorney-prepared documentation. The position also supports department operations, maintains organized loan records, protects customer confidentiality, and contributes to the bank’s service standards.

Requirements

High school diploma or equivalent, with an emphasis in business curriculum.
At least four years of related experience and an understanding of commercial loan products and collateral.
Proficiency in reviewing and interpreting attorney-prepared legal documents.
Proficient reading, writing, grammar, and mathematics skills.
Proficient interpersonal relations and communication skills.
Strong understanding of commercial loan structures, collateral, and regulatory compliance requirements.
Above-average knowledge of loan documentation, banking operations, and loan servicing.
Familiarity with loan documentation software, loan origination systems, and banking regulations.
Strong attention to detail and organizational skills, with the ability to manage multiple priorities and work under deadlines.
Ability to sit, stand, walk, bend, stoop, reach, manipulate or handle objects, and lift items weighing 20 pounds or less; visual, auditory, and speaking skills.
Must be authorized to work in the United States without current or future work-visa sponsorship by Mid Penn Bank.

Nice To Haves

Paralegal certification or similar training is highly preferred.

Responsibilities

Coordinate end-to-end closing and settlement processes for commercial loans, participations, swaps, and syndicated credit facilities.
Work with attorneys, title companies, lenders, and closing agents to coordinate closings and resolve documentation discrepancies before closing.
Order surveys and title work as needed, and review title work when necessary.
Review approved loan packages to confirm all terms and conditions are satisfied before closing.
Review loan, participation, and syndication agreements, promissory notes, settlement statements, and other closing documents for alignment with approved credit terms.
Verify the accuracy and receipt of required insurance, title, collateral, and other documentation.
Prepare loan settlement documentation in accordance with government regulations, policies, and procedures.
Perform second checks of loan documentation packages as needed and resolve documentation issues before funding.
Issue closing instructions to settlement agents or attorneys and prepare closing documents for portfolio loans.
Make corrections to closing documents and ensure corrected documents are signed and processed promptly.
Calculate funding amounts and validate loan-share allocations, funding amounts, and fee distributions among participating institutions.
Provide training to other department personnel as required.
Monitor the loan pipeline, manage multiple files, obtain required conditions and documents proactively, and meet closing deadlines.
Maintain an acceptable error rate while managing a high-volume pipeline.
Assist the immediate supervisor with administrative tasks and special projects as directed.
Coordinate work with department and other personnel to support efficient information flow and operations.
Respond to inquiries from customers and company personnel within established time frames and policies.
Maintain accurate, organized loan files and detailed records of closing and funding activities for audits, quality-control reviews, and regulatory examinations.
Communicate with department management and staff to integrate goals and activities.
Maintain confidentiality of customer information and escalate issues to management as necessary.