Regional/ Industry Closing Associate

Fifth Third Bank • Rosemont, IL

17h • $71,100 - $145,900

About The Position

The Regional/ Industry Closing Associate manages all aspects of commercial middle market transaction closings with minimal supervision. The role works directly with clients, relationship managers, outside attorneys, portfolio managers, regional closing managers, loan closing specialists, and funding and boarding teams to address matters related to transaction closings. The associate ensures that required documents, waivers, and management approvals are in place before issuing a “clear to close,” and that transactions are funded and boarded accurately.

The position is accountable for managing risk by exchanging information and opinions, raising concerns, and following bank policies and procedures. It is expected to support positive customer and colleague experiences while identifying, assessing, managing, monitoring, and reporting risks within the bank’s risk appetite. The position has no direct reports, but provides direction to multiple parties in pursuit of shared goals.

Requirements

• High school diploma or equivalent.
• 2–4 years of related commercial banking and/or legal experience.
• Proficient knowledge of commercial loan documentation and requirements.
• Proficient knowledge of commercial lending credit policies and guidelines.
• Proficient knowledge of loan regulatory rules, such as insurance requirements.
• Strong verbal and written communication skills.
• Effective problem-solving and analytical skills, including the ability to handle and prioritize multiple tasks and escalate issues appropriately.
• Ability to coordinate tasks and resources and meet deadlines under pressure.
• Strong organizational skills.
• Excellent knowledge of Microsoft Office software.

Nice To Haves

• Bachelor’s degree, paralegal degree, or equivalent work experience preferred.
• Thorough knowledge of loan closing procedures and policies preferred.
• Thorough knowledge of CCAS, AFS, RIMS, Loan Doc Prep System or equivalent vendor systems, and other banking systems preferred.

Responsibilities

• Manage the full closing process for commercial middle market transactions with minimal supervision.
• Work as an active deal-team member with clients and internal partners, providing expertise and ensuring policy, legal, compliance, and regulatory matters are addressed early.
• Ensure transactions close according to the instructions in the credit approval memo.
• Direct the loan closing specialist in completing the master checklist for timely and efficient execution.
• Manage the closing calendar while balancing the needs of multiple internal and external clients.
• Determine whether internally generated or attorney-prepared documents are needed and engage attorneys as necessary.
• Coordinate with outside attorneys involved in commercial loan closings.
• Work directly with clients on closing matters and involve other internal partners as needed.
• Review and send draft closing packages to clients before closing.
• Verify that required documents, waivers, and management approvals are in place before issuing a “clear to close” decision.
• Obtain approval for trailing exceptions and missing documents, and establish follow-up actions to obtain approved trailing documents.
• Ensure the funding and boarding team accurately executes funding instructions.
• Conduct a post-boarding review with post-closing teams to confirm the loan is coded and boarded properly.
• Provide direction to multiple parties while working toward shared goals.
• Follow bank policies and procedures, raise concerns, and identify, assess, manage, monitor, and report risks.

Benefits

• Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.
• Eligible to participate in an incentive compensation plan, with payments based on company, line-of-business, and/or individual performance.

What This Job Offers

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