Senior Commercial Loan Closing Specialist

Raymond James Financial, Inc.; Edison (NJ); On-site; USD 90,000 - 120,000; Full time

Job summary

Raymond James Financial, Inc. is seeking a Senior Commercial Loan Closing Specialist to process and close commercial real estate and C&I loans, including renewals and modifications with varied structures, collateral, rates, and terms.

The role collaborates closely with loan administrators, relationship managers, borrowers, counsel, and third parties to ensure a timely, compliant closing. The position emphasizes construction and agented transactions, due diligence, KYC compliance, and

Qualifications

• Experience in processing and closing commercial real estate and C&I loans.
• Understanding of loan documentation and lending regulations.
• Ability to interface with counsel, compliance, credit, title companies and external contacts.

Responsibilities

• Review complex loan documents and drive closing coordination with deal team members and counsel.
• Ensure documentation reflects approved credit terms and closing conditions.
• Coordinate pre-closing requirements with borrowers, lenders and internal teams.
• Complete post-closing steps and monitor loan exceptions for timely funding.
• Support process improvements and maintain compliance with loan policies.

Skills

Loan closing

CRE lending

Regulatory knowledge

Attention to detail

Stakeholder communication

Education

Post-secondary degree preferred

Job description

Summary of the Position:

The Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and C&I loans (these include new loans, loan renewals, loan modifications with a variety of structures, collateral, rates and terms), ensuring quality, completeness and accuracy. The position will work closely with the assigned Loan Administrator, Portfolio Manager, Relationship Manager, Borrower, Legal Counsel and Third Parties. This Role will have a high concentration of Construction and Agented Transactions. The role will be expected to perform the necessary due diligence to successfully close these transactions with minimal supervision. Examples of this work will be to complete the necessary Flood due diligence, Review and Opine on the Plan and Cost Report, confirm the accuracy of Insurance and the creation of Pro Rata’s for Agented Transactions. This information will be reviewed and compared against loan approvals and draft documents, ensuring all closing conditions and expectations have been met and closing can occur.

Essential Functions of the Position:

• Reviews complex loan documents, initiates and drives deal closing calls that include internal and external deal team members and counsel.

• Ensures documentation accurately reflects the intentions of the credit approval.

• Facilitates teamwork and continuity.

• Proactively pursues gaining new knowledge to perform effectively in the role

• Prepares funding requests and ensure accurate and complete funding information to ensure a timely closing

• Ensures transactions are closed in compliance with the Bank’s loan policy and any other requirements designated by the credit approval.

• Works with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing.

• Liaises and coordinates pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders).

• Demonstrates ability to balance required regulatory and policy requirements when making decisions.

• Ensures Know Your Customer “KYC” requirements have been met prior to closing a transaction.

• Resolves issues that might impede closing and use judgement to involve the manager and internal counsel when required.

• Completes post-closing steps to ensure that all necessary documentation is received by downstream partners.

• Monitors and clears loan exceptions

• Develops, designs, and follows inter-departmental controls and risk reducing processes.

• Positively accepts change and engages with team and relevant stakeholders.

• Engages in raining and Process Improvement Initiatives

Education and Experience Requirements:

• Post-secondary degree preferred

• Minimum 7 - 10 years of experience, including 5 years of bank operations processing, loan closings or related experience

• Commercial Real Estate experience

Essential Skills and Abilities:

• Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts

• Job may require additional hours of work during peak periods to meet service levels

• Must demonstrate strong follow-up skills and the ability to prioritize tasks effective