Assistant Loan Closing Officer

Royal Business Bank; Los Angeles (CA); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Job summary

Royal Business Bank in Los Angeles is seeking an Assistant Loan Closing Officer to support the Loan Closing/Doc. Manager across C&I, CRE, Construction and Small Business loans, ensuring terms reflect approvals and closings occur on time.

You will coordinate e-signatures, verify documentation, liaise with outside counsel as needed, and review titles and insurance. Post-closing checks and audit support are part of the role.

Qualifications

• Bachelor’s degree in accounting, finance, economics, international development studies or equivalent.
• 2+ years in commercial loan documentation and closing; familiarity with trust deeds and mortgages.
• Proficiency with Word and Excel; experience with Laser Pro is a plus.

Responsibilities

• Coordinate closings with relationship officers and underwriters.
• Review loan documents for validity and completeness to prepare for submission.
• Ensure compliance with CCR/CCM/Credit Memo terms before submission.
• Coordinate with outside counsel for out-of-state mortgage documents.
• Engage bank counsel for loan closing and verifier for title issues.
• Send final documents to borrowers for signature and execution.
• Review property insurance for bank guidelines and perform fee reconciliation.
• Conduct post-closing review for compliance with terms and conditions.
• Assist in auditor/examiner requests for credit information.

Skills

Self-starter

Detail-oriented

Multi-tasking

Microsoft Word

Microsoft Excel

Education

Bachelor’s degree in accounting/finance/economics/related field

MBA or Master in Economics/Finance (advantage)

Tools

Laser Pro loan documents

Job description

The Assistant Loan Closing Officer shall assist the Loan Closing/Doc. Manager in the handling all C&I, CRE, Construction, and Small Business Loans closing activities that include but is not limited to: coordinating and executing the closing with relationship officers and underwriters, ensuring loan documents accurately reflect approved terms and conditions and executed in a timely manner, working with transaction partners to ensure closing related fees and charges are collected, coordinating e-Signature of loan documents as required, performing post-closing documentation and due diligence loan review, and assist in coordination of Audit/Examination request for credit information and documents.

DUTIES

• Review requests for loan documentation and submission of the borrower/s legal documents based on the approved CCR, CCM or Credit Memo.
• Verify all legal documents for validity and completeness to be ready for loan document preparation prior to submission Loan Documentation team.
• Receive and review loan documentation drafts to ensure compliance with the terms and conditions as stipulated in the CCR, CCM or Credit Memo.
• For out of state loans and if mortgage documents are involved coordinate with outside attorney service for loan documents and closing service.
• Engage bank legal counsel for loan closing and consult with the Bank Attorney for specific verbiage on loan documents and follow up on relevant issues (title and violations).
• Upon acceptance of final loan documentation, send loan documents to relationship officer for signature by borrower/s and or guarantors.
• Review commercial property insurance to ensure it complies with bank guidelines.
• Prepare loan funding/closing instructions inclusive of escrow analysis and funding instructions to Note Department for funding
• Review fees collected and conduct loan reconciliation of fees and charges.
• Conduct QC checklist and review signed loan documents
• Perform post-funding review of loans booked for compliance with stated terms and conditions and required document.
• Keep track and follow up on post-funding requirements/conditions.
• Assist Manager in providing auditor/examiner's request for credit information and documents.

QUALIFICATIONS

EDUCATION: Bachelor’s degree in accounting, finance, economics, international development studies or equivalent. MBA or Master in Economics or Finance an advantage

EXPERIENCE: At least 2 years in Commercial loan documentation and closing experience and familiarity with trust deeds and mortgages, legal documentation in CA, NV, Chicago, and other states. Commercial loan underwriting skill will be an advantage. Commercial loan processing, general real estate knowledge, credit administration and loan documentation, an advantage.

SKILLS/ABILITIES

• Must be a self-starter with the ability to multi-task
• Detail-oriented and adhere to strict timing deadlines associated with loan documentation and closing.
• Proficiency with Microsoft Word and Excel.
• Experience with Laser Pro loan documents, an advantage.

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago, and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website www.royalbusinessbankusa.com. Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.