Small Business Loan Closer
About The Position
The Small Business Loan Closer guides clients and their professional services teams through the lending fulfillment cycle and leads the review and validation of deal structures for small business lines. The role facilitates loan closings in an external-facing capacity, providing clear, accurate information and a strong client experience through multiple communication channels while meeting workflow deadlines and service-level agreements. The position manages a pipeline of active closing-stage deals, including complex structures and multi-facility transactions, and works with clients, advisors, partners, legal counsel, diligence providers, and title or escrow offices to satisfy closing conditions and coordinate funding. The role also contributes to risk management by following bank policies and procedures, identifying and escalating concerns, and monitoring and reporting risks within the Bank’s risk appetite.
Requirements
- Two to three years of related experience.
- In-depth knowledge of lending guidelines, underwriting, and closing procedures, with the ability to identify actionable items while reviewing detailed and complex documents.
- Excellent written and verbal communication skills.
- Organization and prioritization skills.
- Ability to analyze policies, procedures, and guidelines and make recommendations that maximize productivity while adhering to risk guidelines.
- Teamwork, collaboration, and customer service skills.
- Proficiency with Windows-based software programs, including Outlook, Word, Excel, and PowerPoint.
Nice To Haves
- Bachelor’s degree or equivalent work experience preferred.
- Prior experience in Closing, Sales, Finance, or Commercial Real Estate.
- Experience in Practice Finance or Construction project management preferred.
Responsibilities
- Actively manage a pipeline of active deals in the closing stage, including complex structures and multi-facility transactions, with minimal oversight.
- Explain the purpose and requirements of loan closing conditions, products, and policies clearly and concisely so clients understand the documents needed for a lending decision.
- Work interactively with clients on procedures to fulfill closing conditions and provide basic technical support and guidance as needed.
- Work with client advisors and partners to obtain information needed to satisfy closing conditions, such as leases, sale agreements, and bank statements.
- Communicate with stakeholders to manage funding-timing expectations and provide timely, professional, and accurate information.
- Review, evaluate, and analyze documents; research and resolve issues or answer questions involving interpretation of policies and procedures; and ensure accurate, complete, and timely execution while meeting quality and adherence standards.
- Collaborate with stakeholders on closing diligence reviews to ensure loans are properly collateralized and efficiently funded.
- Coordinate commercial real estate closings with designated legal counsel, diligence providers, and title or escrow offices.
- Follow bank policies and procedures, exchange ideas and opinions, elevate 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.
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What This Job Offers
Job Type
Full-time
