Commercial Post Closing Associate

Braemar Hotels & Resorts • Toms River, NJ

6d • $48,460 - $62,000 • Hybrid

About The Position

The Commercial Post Closing Associate supports the Commercial Closing department by booking new loans, renewals, and extensions and ensuring documentation is properly executed and processed in the Bank’s core operating systems. The role also involves filing or recording collateral documents and creating tracking and reports to follow up on outstanding post-closing items and required filings.

The associate reviews commercial loan closing packages for completeness, conformity, regulatory requirements, and sound closing practices. They work with relationship managers, the closing department, borrowers’ title companies, and other internal and external contacts to obtain required post-closing documentation and resolve outstanding items. The position also supports regulatory compliance and auditing, maintains working knowledge of nCino and Premier, performs quality-control and reconciliation tasks, prepares files for scanning, and follows applicable banking regulations, agency guidelines, and organizational policies.

Requirements

• General knowledge of the lending process and loan documentation, with the ability to interpret policies and procedures governing commercial lending.
• Working knowledge of regulations governing the banking industry, agency guidelines, and organizational policies.
• Strong interpersonal skills and ability to communicate effectively with commercial customers.
• Strong verbal and written communication skills.
• Detail-oriented with solid organizational skills.
• Proficiency in MS Office Suite, Fiserv, and documentation preparation programs.
• Ability to maintain confidentiality of credit and customer information.
• High school diploma or equivalent.
• 1–3 years of commercial loan processing experience.

Nice To Haves

• Associate degree or equivalent work experience.

Responsibilities

• Perform post-closing reviews of loan packages, verifying required documentation and collateral conformity to protect the Bank’s security interest.
• Validate that closers applied prudent closing practices and administration protocols appropriate to the loan and collateral type.
• Review commercial loan packages for regulatory items, including US Patriot Act and Beneficial Ownership requirements.
• Assist the Closing-Post Closing Manager with compiling data for regulatory compliance and monthly and quarterly audits.
• Maintain working knowledge of nCino, Premier, and department procedures for post-closing tasks.
• Record mortgages, UCC financing statements, and other required documents.
• Work with relationship managers, the closing department, and borrowers’ title companies to obtain required post-closing documentation.
• Review loan closing or modification documents to confirm changes are consistent with core processing system updates and operational control group compliance.
• Provide quality control for proper execution of loan documentation and create non-financial tracking reports.
• Prepare documentation files for system scanning when required.
• Review daily department proof and complete general ledger proof to ensure items are reconciled; assist with researching and resolving outstanding items.
• Comply with regulations governing the banking industry, agency guidelines, and organizational policies.

Benefits

• On-site fitness facility at Red Bank and Toms River headquarters offices.
• Employee perks and discount programs.
• Hybrid schedule of 3 days in office and 2 days remote after a 90-day introductory period.
• Tuition assistance.
• Incentive compensation program.
• Professional development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED