Industry Closing Manager

City National Bank • Los Angeles, CA

8d

About The Position

The Industry Closing Manager (ICM) is the leader in the closing of the deal and a key member of the client team. They will manage the due diligence activities within Loan Administration and will directly follow up with the client for scheduling, documents, and questions related to closing. The ICM will be the primary contact for outside attorneys and ensure all closing documents are ready for closing and that the deal is funded and boarded accurately. The ICM will directly manage the activities of the Loan Closing Specialists that are assisting them in the closing of deals. In addition, the ICM will work with Relationship Managers and Credit Products staff to review legal documents to ensure they represent the deal and credit conditions are being met within those documents.In addition, the ICM will be accountable and responsible for issuing the "Clear to Close" which is the signal that all conditions have been met to move the deal to closed and execute legal documents and then fund the transaction. This is one of the most important controls within the Wholesale Bank and is critical to the bank's control environment.The ICM is a key colleague in ensuring a positive onboarding experience for all our City National's clients. They also serve a critical role as a key control point to ensure the bank is following its policies and procedures. This role is a senior level role that requires years of experience and ability to interact with and manage many competing priorities and roles both inside and outside of the bank.

Requirements

• Bachelor's Degree or equivalent
• Minimum 10 years experience in Commercial Real Estate Banking required.
• Client facing presence and experience
• Project Management skills, ability to prioritize tasks and adapt to changing priorities
• Organizational and time management skills
• Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services

Nice To Haves

• Previous Management experience is preferred
• Previous experience as a Paralegal or part of Law Firm is preferred.
• Recommended experience: Prior closing experience, paralegal (i.e., understand legal language and docs), commercial credit experience or understanding of experience

Responsibilities

• Work directly with client for all matters related to closing and include other internal partners as needed
• Manage activities of Loan Closing Specialists that are working to support ICM duties and function
• Review closing checklist for completion and ensure all items are completed prior to closing
• Manage and communicate the closing timeline and date with Clients, Relationship Managers and Credit staff
• Determine if internal or attorney prepared documents are needed; engage attorneys if needed
• Manage legal invoices if needed, approve expense on behalf of the Relationship Managers
• Responsible for issuing the “Clear to Close” allowing for a deal to be closed
• Set up exceptions and approve trailing/ missing documents
• Prior to closing, coordinate with Funding & Boarding to execute on funding instructions
• Conduct post-boarding review and work closely with post-close teams

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level