Regional Closing Associate - Commercial Loan Closings

Fifth Third Bank; Farmington Hills (MI); On-site; USD 65,000 - 90,000; Full time

Job summary

Fifth Third Bank seeks a Regional Closing Associate to manage the entire closing process for middle market transactions. You will coordinate with clients, relationship managers, attorneys, and internal teams to ensure all documents and approvals are in place for a timely close and proper boarding.

In this role, you will ensure compliance with policy and regulatory requirements, review master checklists, and guide the closing team through a coordinated process while maintaining risk controls and

Qualifications

• High School diploma or equivalent; Bachelor's degree or paralegal degree preferred.
• 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 (e.g., Insurance).
• Thorough knowledge of loan closing procedures and policies preferred, but not required.
• Thorough knowledge of CCAS, AFS, RIMS, Loan Doc Prep System (or equivalent vendor systems).
• Strong verbal and written communication skills.
• Demonstrate effective problem solving and analytical skills with ability to handle and prioritize multiple tasks with escalation.
• Demonstrate ability to coordinate tasks and resources and meet deadlines under pressure.
• Possesses strong organizational skills.
• Excellent knowledge of all Microsoft Office software.

Responsibilities

• Manages the entire closing process for middle market transactions, with minimal supervision.
• Active member of the deal team working with the client, relationship manager, regional closing manager, loan closing specialist and portfolio manager to address policy, legal, compliance and regulatory matters.
• Ensures transactions are closed per the credit approval memo.
• Directs the loan closing specialist on the master checklist for timely execution.
• Manages the closing calendar balancing multiple internal and external clients.
• Determines if documents are internal or attorney-prepared and engages attorneys as needed.
• Engages outside attorneys involved in commercial loan closings.
• Reviews and sends draft closing package for client review prior to closing.
• Ensures all documents, waivers, and approvals are in place before issuing a clear to close.
• Obtains approval for trailing exceptions and ensures follow-up on trailing documents.
• Ensures funding and boarding team executes on funding instructions.
• Conducts post-boarding review with post-closing teams to ensure proper coding and boarding.

Skills

Verbal communication

Written communication

Problem solving

Time management

Organizational skills

Microsoft Office

Education

Bachelor's degree or paralegal degree

High School diploma or equivalent

Tools

CCAS

AFS

RIMS

Loan Doc Prep System

Job description

Fifth Third Bank seeks a Regional Closing Associate to manage the entire closing process for middle market transactions. You will coordinate with clients, relationship managers, attorneys, and internal teams to ensure all documents and approvals are in place for a timely close and proper boarding.

In this role, you will ensure compliance with policy and regulatory requirements, review master checklists, and guide the closing team through a coordinated process while maintaining risk controls and