Commercial Loan Closer - IDB : Job Details

Company DescriptionFor more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.Job DescriptionWe are seeking a dynamic Closer who excels in communication and closing management to ensure the accurate and timely closing of commercial loans. The ideal candidate will coordinate with various departments, manage the closing process using Salesforce, and facilitate seamless collaboration among all parties and clients to achieve smooth loan closings. This role demands a proactive individual who can lead the closing process, maintain strong relationships, and ensure compliance with bank policies and regulatory requirements.Key Responsibilities:

• Project Manage Closings: Lead and oversee the entire closing process for commercial loans, ensuring all tasks are completed efficiently and effectively.
• Prepare and Review Documents: Prepare and meticulously review closing documents for commercial loans, including CRE, Construction, C&I, and unsecured lines of credit.
• Coordinate Across Departments: Work closely with bankers, underwriting, legal, operation, and other departments to ensure all conditions are met prior to closing.
• Manage Title Reports: Independently review preliminary title reports, resolve any issues, and request the appropriate endorsements for the final policy.
• Facilitate Communication: Act as a point of contact for borrowers, bankers and third parties, ensuring clear and consistent communication to facilitate smooth loan closings.
• Ensure Documentation Accuracy: Verify that all loan documentation is complete, accurate, and complies with regulatory requirements and internal policies.
• Maintain Closing Calendar: Manage the closing calendar, schedule closing dates, and ensure all stakeholders are informed and prepared.
• Conduct Final Reviews: Perform final reviews and quality checks on closing packages to ensure completeness and accuracy.
• Utilize Salesforce: Leverage computer skills, particularly proficiency in Salesforce, to manage and track the closing process efficiently.
• Resolve Issues: Address and resolve any issues that arise during the closing process promptly to prevent delays.
• Maintain Records: Keep accurate records of closed loans and update loan management systems accordingly.

#LI-HybridQualifications

• Education: Bachelor's degree in finance, business administration, or a related field.
• Experience: Minimum 5 years of experience in commercial loan closing.
• Technical Skills: Proficient in Salesforce and other relevant computer applications used in loan management.
• Knowledge: Strong understanding of commercial loan products and closing procedures.
• Skills:
  • Excellent organizational and project management abilities.
  • Superior communication skills, both verbal and written.
  • Strong problem-solving capabilities.
  • Ability to manage multiple tasks and meet tight deadlines.

Preferred Qualifications:- Paralegal certification or related legal background.Compensation:The expected annual salary for this position is between $85,000 - $110,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual's skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.Additional InformationThe Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual's accommodation needs; potential accommodations that may address the individual's accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee's request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.DisclaimerThe above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.All your information will be kept confidential according to EEO guidelines.IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.