Senior Loan Closing Specialist, Commercial Banking

Live Oak Banking•Wilmington, NC

4d•$82,240 - $133,640

About The Position

The Senior Commercial Loan Closing Specialist is responsible for coordinating, reviewing, and finalizing the closing of complex commercial loan transactions. This position ensures all loan documentation is accurate, complete, and compliant with regulatory requirements, and the Bank’s internal policies. The role serves as a subject matter expert in loan closing and provides guidance to junior staff, while partnering with Lenders, Underwriters, Legal Counsel, and external vendors to ensure timely and accurate loan closings.

Requirements

3+ years of progressive experience in commercial loan closing, documentation, or commercial banking
Strong knowledge of loan documentation, collateral requirements, and commercial lending products
Proven record of managing complex, high-value loan transactions
In-depth knowledge of commercial loan products and closing procedures
Familiarity with legal documentation, including promissory notes, guarantees, security agreements, and mortgages/deeds of trust
Understanding of regulatory and compliance requirements impacting commercial lending
Excellent organizational skills with ability to manage multiple priorities under tight deadlines
Strong communication, problem-solving, and relationship management skills
High attention to detail and accuracy
Proficiency in loan origination/servicing systems, document imaging, and Microsoft Office Suite

Nice To Haves

Bachelor’s degree in business, finance, accounting, or related field
Experience with syndicated and participated loans

Responsibilities

Manage end-to-end closing process for a wide range of commercial loans, including acquisitions, refinance, construction loans (owner-occupied and investment properties), working capital facilities, equipment financing, term loans, line of credit, and asset-based lending
Review credit approval packages, commitment letters, and legal documentation to confirm compliance with approved loan terms and conditions
Coordinate with lenders, underwriters, legal counsel, title companies, insurance agents, and other third parties to gather and validate closing documentation
Ensure compliance with regulatory requirements (KYC/CIP, OFAC, flood, UCC filings, Beneficial Ownership, etc.) and internal credit/operational policies
Prepare, review and verify closing checklists, funding memos, and disbursement instructions
Identify and resolve documentation, collateral, or compliance issues prior to funding
Act as a point of escalation for junior closing staff; provide training, guidance, and quality review
Partner with Loan Operations and Post Close Departments to ensure smooth boarding of loans post-closing
Maintain accurate records in loan management systems and track status to support reporting requirements
Demonstrate deep knowledge of commercial loan products, documentation, and compliance requirements
Review documents and processes with precision and accuracy
Build strong relationships and work effectively across functions and with external partners
Identify issues proactively and recommend solutions
Provide guidance, coaching, and quality review to junior team members
Manage multiple, complex transactions under strict timelines
Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC