Commercial Post Closing Associate

OceanFirst Bank • Toms River, NJ

5d • 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 reporting to follow up on outstanding post-closing items and required filings.

The associate reviews commercial loan closing packages for completeness, conformity with loan and collateral requirements, prudent closing practices, and regulatory items. The position works with internal teams, borrowers’ counsel, and title companies to obtain required post-closing documentation, supports compliance and audit data compilation, and helps maintain accurate records and reconciliations. The role requires a general understanding of commercial lending documentation and banking regulations, strong communication and organizational skills, attention to detail, confidentiality, and proficiency with relevant computer and banking systems.

The position is based in an office environment and requires the ability to operate a computer, communicate information, and travel throughout the Bank’s footprint. The advertised hybrid schedule is three days in the office and two days remote after a 90-day introductory period.

Requirements

• General knowledge of the lending process and 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, including the 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.
• Ability to operate a computer and communicate simple to complex information with individuals and groups.
• Ability to travel throughout the Bank footprint.

Nice To Haves

• Associate degree or equivalent work experience.

Responsibilities

• Perform post-closing reviews of loan closing packages.
• Verify that required documentation for the loan type and collateral is complete and in order to protect the Bank’s security interest.
• Validate that prudent closing practices and administration protocols were applied for the loan and collateral type.
• Review commercial loan packages for regulatory requirements, including the US Patriot Act and Beneficial Ownership.
• Assist the Closing-Post Closing Manager in compiling data for regulatory compliance and monthly and quarterly audits.
• Maintain working knowledge of the nCino and Premier operating systems and department procedures to perform post-closing tasks.
• Record mortgages, UCC financing statements, and other required documents.
• Coordinate 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 for 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 three days in the office and two 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