Regional Commercial Closing Specialist

Fifth Third Bank; Rosemont (IL); On-site; USD 71,000 - 146,000; Full time

Job summary

Fifth Third Bank, National Association, is seeking a Regional Closing Associate to manage the closing process for middle market transactions with minimal supervision. You will coordinate with clients, relationship managers, attorneys, and internal teams to ensure timely, compliant closings and accurate funding/boarding.

You will review documents, obtain approvals, and oversee the closing calendar, striving for a smooth "clear to close" and successful onboarding of loans across the enterprise,

Qualifications

• 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), and other banking systems preferred.

Responsibilities

• Manages the entire closing process for middle market transactions, with minimal supervision.
• Active member of the deal team working directly with the client, relationship manager, regional closing manager, loan closing specialist and portfolio manager providing expertise to the team and client to ensure that policy, legal,compliance and regulatory matters necessary for closing are addressed early in the process.
• Ensures that transactions are closed per the instructions as stated in the credit approval memo.
• Directs the loan closing specialist in the completion of the master checklist to ensure timely and efficient execution.
• Manages the closing calendar balancing the needs of multiple internal and external clients simultaneously.
• Determines if internally generated documents or attorney prepared documents are needed and engages attorneys as necessary.
• Engage and coordinate with outside attorneys involved in commercial loan closings.
• Works directly with client for all matters related to closing and include other internal partners as needed. Reviews and sends draft closing package for the client’s review prior to closing.
• Ensures that all documents, waivers, and management approvals required for closing are in place prior to issuing a “clear to close” decision.
• Obtains approval for trailing exceptions and missing documents and ensures that the appropriate follow-up actions are in place to insure receipt of any approved trailing documents.
• Ensures that the funding and boarding team accurately executes on funding instructions.
• Conducts post-boarding review working closely with the post-closing teams to make certain the loan is coded and boarded properly.

Skills

Verbal communication

Written communication

Problem solving

Analytical skills

Time management

Organizational skills

Microsoft Office

Education

High School diploma or equivalent

Bachelor’s degree or paralegal degree

Tools

CCAS

AFS

RIMS

Loan Doc Prep System

Job description

Fifth Third Bank, National Association, is seeking a Regional Closing Associate to manage the closing process for middle market transactions with minimal supervision. You will coordinate with clients, relationship managers, attorneys, and internal teams to ensure timely, compliant closings and accurate funding/boarding.

You will review documents, obtain approvals, and oversee the closing calendar, striving for a smooth "clear to close" and successful onboarding of loans across the enterprise,