Senior CRE Closing Administrator (Remote - CA, OR, WA & ID)

Banner Corp.; Boise (ID); Remote; USD 74,000 - 105,000; Full time

Job summary

An established industry player is seeking a Senior CRE Closing Administrator to join their team. This pivotal role involves documenting and closing commercial real estate loans while collaborating with relationship managers, borrowers, and legal counsel. You will ensure accurate preparation of complex transactions, mentor new staff, and oversee loan files. The ideal candidate will have a strong background in commercial real estate banking, exceptional analytical skills, and a solid understanding of credit policies. If you are passionate about real estate and want to make a significant impact in a supportive environment, this opportunity is for you.

Benefits

Comprehensive medical, dental, and vision benefits

Paid vacation and sick time

401k with up to 4% match

Tuition reimbursement up to $5,250 annually

Paid volunteer time

11 company paid holidays

Qualifications

• 6+ years of experience in commercial real estate banking required.
• Bachelor's degree in a related field or equivalent experience.

Responsibilities

• Documenting and closing CRE/C&D loans by coordinating with various stakeholders.
• Mentoring and training new closing administration staff.

Skills

Loan Documentation Analysis

Credit Policy Knowledge

Negotiation Skills

Verbal Communication

Written Communication

Analytical Skills

Education

Bachelor's Degree in Accounting

Bachelor's Degree in Business

Bachelor's Degree in Economics

Bachelor's Degree in Law

Bachelor's Degree in Computer Science

Tools

Microsoft Word

Microsoft Excel

Spreadsheet Software

Job description

More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years.

With more than $15 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.

As a Senior CRE Closing Administrator, you will be responsible for documenting and closing of CRE/C&D; Affordable Housing commercial real estate loans by coordinating with relationship managers, borrowers, legal counsel, title officers and third-party consultants.

In this role you'll have the opportunity to:

• Responsible for accurate and timely preparation in documentation on complex real estate transactions including review of collateral and preparation of appropriate security agreements. Also responsible for mentoring and training new closing administration staff.
• Perform updates to the system of record on new loans, existing loans, and modifications.
• Review appraisal and preconstruction evaluation on new construction and development loans. Balance through evidence of pre-paid construction costs prior to loan closing.
• Administer loan disbursements in accordance with loan administration policy and guidelines.
• Partner with third party inspectors to identify, evaluate and elevate any issues regarding construction budget and construction schedule.
• Oversee and manage loan files to assure accurate reports, statements, and accounting information.
• Assist in establishing and maintaining lien perfection on various collateral.
• Comply with policies, procedures, security requirements, and government regulations.

Education & Certifications

• Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered)

Experience

• 6 or more years of experience in commercial real estate banking required

Knowledge, Skills and Abilities

• Ability to analyze loan documentation and verify compliance with credit approval.
• Knowledge of credit policy and procedures.
• Ability to work directly with outside counsel negotiating loan documentation in accordance with credit approval.
• Strong verbal and written communication skills. Demonstrated analytical ability. Proficient in Word, Excel, and spreadsheet software.
• Extensive understanding of AIA documentation and budget balancing requirements.
• Knowledge of federal and state laws and regulations relating to residential and commercial real estate lending.

Travel

• 0%

Compensation & Benefits

• Targeted starting compensation range is based on location and experience: $74,502 - 104,303
• Incentive and commission compensation may be awarded for eligible roles
• Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
• Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
• 401k (up to 4% match with immediate vesting)
• Tuition reimbursement up to $5,250 annually (minimum service requirement)