Senior Commercial Loan Closing Specialist

331 TriState Capital Bank; Pittsburgh (Allegheny County); On-site; USD 60,000 - 127,000; Full time

Benefits offered by this job

Benefits package

Paid time off

Job summary

Raymond James in the United States seeks a Senior Commercial Loan Closing Specialist to process and close Commercial Real Estate and C&I loans, including new loans, renewals, and modifications, with a focus on construction and related transactions.

You will work closely with the Loan Administrator, Portfolio Manager, Relationship Manager, Borrower, Legal Counsel and Third Parties to ensure closing conditions are met, perform necessary due diligence, and review documents for accuracy and

Qualifications

• Post-secondary degree preferred.
• 7–10 years of experience, including 5 years in bank operations processing, loan closings or related work.
• Commercial Real Estate experience preferred.
• Ability to interface with customers and counsel, compliance, credit and title companies.

Responsibilities

• Review complex loan documents and drive closing calls with internal/external team members.
• Ensure documentation reflects the credit approval and closes in compliance with policy.
• Coordinate pre-closing requirements with Underwriter, Relationship Manager and borrowers.
• Complete post-closing steps and monitor loan exceptions.
• Develop inter-departmental controls and risk-reducing processes.

Skills

Loan documentation

Lending regulations

Customer interface

Prioritization

Team coordination

Education

Bachelor's in Accounting

Bachelor's in Business Administration

Bachelor's in Finance

Job description

Job Description Summary

Manage financial transactions, prepare performance reports, handle complex finance administration projects, and reconcile accounts.

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 effectively.

Education

– Bachelor’s - Completed: Accounting
– Bachelor’s - Completed: Business Administration
– Bachelor’s - Completed: Finance

Work Experience

• General Experience – 6 to 10 years

Certifications

Salary Range $60,000.00-$127,200.00
Travel Less than 25%
Workstyle Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.

Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

Our Company Culture

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

When associates bring their best authentic selves, our organization, clients, and communities thrive.

The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, rather than on Wall Street, we have always embraced being a different kind of financial services firm. Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the NewYorkStockExchange under the symbol RJF.

Our business is deeply focused on people and their financial well-being. We're committed to helping individuals, corporations and institutions achieve their goals, while also supporting successful professionals and helping our communities prosper. We believe doing well and doing good aren't mutually exclusive. As an established but ever-evolving company, you can start – or continue – growing your career here. We invest in you with wide-ranging benefits and the support of leaders and colleagues who care. From development opportunities and enriching networking groups to prioritizing diversity, inclusion and the power of different perspectives, Raymond James is where good people grow. Our people-first culture is outlined in our Culture Blueprint. Check it out to see why many choose to work at Raymond James – and why they stay.