Loan Closing Specialist

Metropolitan Commercial Bank • New York, NY

1d • $105,000 - $120,000 • Hybrid

About The Position

Metropolitan Commercial Bank’s Lending Group is seeking a Loan Closing Specialist to assist in closing loans for a growing commercial loan portfolio. This role will assist with the loan closing process and management of the loan portfolio. The portfolio is comprised of a wide variety of property types including multifamily, nursing facilities, retail, office, hotel, and construction.
Standard 4-day in-office requirement, 1 day remote (of your choosing)

Requirements

• 3+ years of experience with complex commercial loan closings, both CRE and C&I.
• Strong analytical and computer skills with thorough knowledge of Excel.
• Detail oriented individual is essential for this role.
• Ability to multitask and work cross functionally with deal stakeholders.
• Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.

Nice To Haves

• Bachelor’s degree is preferred.

Responsibilities

• Serve as main liaison for all aspects of the loan closing process of Commercial & Industrial (C&I) and Commercial Real Estate (CRE) transactions for complex loan transactions which includes reviewing and negotiating loan documents, preparing loan settlement statements, ensuring all due diligence items required for closing are in received, and confirming compliance with both internal and external policies.
• Coordinate with several internal bank departments throughout the closing process including the credit group to ensure closing requirements as outlined in the credit memo are met, the loan operations group to pre-board new client and collateral data to bank systems and to close and fund the loans on the day of closing, and the lending deposits group to have the necessary deposit accounts opened prior to closing.
• Review attorney prepared legal documents for accuracy to loan approval and to ensure operational functionality is in-line with bank’s system capabilities.
• Coordinate closing aspect of loan renewals and modifications in a similar manner to new loan closings.
• Manage entire loan payoff and collateral release process by working bank attorneys, borrowers, and loan operations department for termination documents and payoff letters.
• Serve as main point of contact for several monthly, quarterly, and annual compliance-related reports and audits as assigned by Director of Loan Closings (eg: quarterly withdrawn loans log, OFAC audit, etc.).
• Work on additional tasks, assignments and projects as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees