Commercial Loan Closing Specialist

29 Mar 2024

Vacancy expired!

Commercial Loan Closing Specialist

BCforward is Looking for Individuals in the Financial Industry for a Contract to Hire Opportunity with Our Top Tier Banking Client!

We would love to talk to you if you are looking to start or advance your career in the banking sector! Our client is a premier financial institution, looking for individuals who are motivated to perform and gain valuable experience. if interested, please review our job details below and get back to us as soon as possible- This is an urgent need.

Tittle: Commercial Loan Closing Specialist

Duration: 6+ Months - Hybrid

Location: Plano, TX and Chicago, IL

Pay Rate: 28.75

Closing Coordination is responsible for coordinating complex bilateral loans for MMBSI. The team works closely with the origination businesses, ensuring that all necessary information is reviewed for operational feasibility and optimal execution. The team partners with various internal and external parties, including but not limited to Credit Risk, Loan and Agency Services, And Legal.

Responsibilities:

  • Manage and maintain an individual pipeline of active MMBSI complex bilat loans
  • Leverage broad commercial lending experience to direct the closing process from mandate through funding to meet client expectations
  • Collect and review legal loan documentation for operational feasibility, optimal execution mechanics, regulatory requirements, and mitigation of operational risk
  • Review internal loan related spreadsheets (e.g., funds flows) for accuracy and completeness
  • Liaise and coordinate pre-closing requirements with internal partners and outside
  • Review and advise on funding mechanics and operational requirements relating to products, process, and policies
  • Coordinate with Commercial Banking partners to ensure internal KYC and regulatory requirements are complete and coordinate mitigation efforts, if applicable
  • Serve as SME/point of contact for inquiries from MMBSI partners and Outside Counsel pertaining to the closing process and ongoing maintenance of the deal
  • Lead internal Deal Team meetings to ensure pre-closing requirements have been met and resolve / escalate any outstanding issues
  • Execution of best practices around control and risk mitigation
  • Participate in projects and provide valuable input with various working groups created to enhance performance and efficiency
  • Translates documentation into critical data elements for retention in systems of record (proposal release checklist)

Qualifications:

  • Undergraduate degree or equivalent experience
  • 8+ years of commercial lending experience
  • Expert knowledge of commercial bilateral loan products, including an understanding of underwriting, deal structures, loan documentation and funds flows
  • Proven experience leading team of internal/external partners along with the review of loan structures and documentation ahead of closing large, complex transactions
  • Demonstrated advanced understanding of financial services, specifically within Commercial Banking
  • Proven ability to collaborate with team members and senior management across and within the lines of business with a keen attention to detail, strong oral and written communication skills, and strong analytical capability
  • Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly
  • Critical decision-making abilities including the ability to identify, escalate, and propose solutions to problems
  • Ability to multi-task through the practice of strong organizational and time management skills
  • Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
  • Excellent oral and written communication skills
  • Ability to take initiative and self-motivate, as well as work as part of a team
  • Client focus
  • Previous experience working on ACBS, LIQ, or iCRD is a plus

www.BCforward.com www.facebook.com/bcforward This posting is not an offer of employment. All applicants must be authorized to work in the United States and willing cooperate with a background check and drug screen, to the extent permitted by federal and local laws up to, and including, both criminal and financial reviews. The submission of intentionally false or fraudulent information in response to this job posting shall render the applicant ineligible for the position. BCforward is an equal opportunity employer. Any subsequent offer of employment shall be considered employment at will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 198283 when responding to this ad.

  • ID: #49581936
  • State: Illinois Chicago 60603 Chicago USA
  • City: Chicago
  • Salary: $28.00 - $28.75 per hour
  • Job type: Permanent
  • Showed: 2023-03-29
  • Deadline: 2023-05-27
  • Category: Et cetera