Aquarius Staffing
Would you like the opportunity to join one of the top financial institutions based here in the Cincinnati area? Don't miss your chance and apply now!
What you will be doing as the Commercial Closer:
Collaborates with lenders, outside counsel, Credit, Compliance, and support specialists to facilitate closings for complex Commercial products across all Commercial lines of business including SBA guaranteed loans, Equipment Finance, National Corporate, Business Capital, Healthcare, Food and Agribusiness, Asset-Based lending, and Commercial Real Estate loans.
Authorizes the lender to close loans after independently confirming all requirements have been met.
Obtains and/or reviews all required pre-closing due diligence items.
Inputs and/or verifies the accuracy of entity, collateral, covenant, and other loan terms in origination system and confirms all conform to the Credit Approval and reflect properly in the closing document package.
For attorney prepared closing documents, works with the lender and counsel to conduct a review of executable document packages to ensure requirements of the Credit Approval are reflected, and any required due diligence has been completed.
For internally prepared closing documents, prepares and reviews complex Commercial loan closing document packages using loan documentation software.
Considered a subject matter expert and as such is able to step in to help close loans in any line of business as needed, assist Manager with writing/updating procedures, responding to Credit Risk memos, preparing or reviewing reports, testing system and process updates, and providing training & coaching to fellow associates.
Advises as to any financial and covenant tracking to be set up after loan closing, and may assist in confirming collateral is properly perfected at or immediately following loan funding.
Monitors individual and department pipelines and acts independently as needed to ensure team meets all closing deadlines and service level agreements and is committed to delivering a quality and timely closing experience to our customers.
Independently determines documents executed at closing match those approved in the pre-closing review and verifies all conditions of closing have been met prior to approving the release of funds to the borrower.
What you will need as the Commercial Closer:
A Bachelor's degree or equivalent combination of education and experience
At least 8 years prior experience with complex Commercial Lending products.
At least 8 years prior experience with Commercial loan origination systems and/or document drafting software
Proficient with computer software including Excel, PowerPoint, Word, Outlook, web browsers and video conferencing systems.
Proficient with standard office phone systems, including voicemail, call forwarding, conference calling, etc.
Ability to read, analyze, and interpret legal documents comparable to a paralegal
Excellent written and verbal communication skills in corresponding with lenders and legal counsel.
Extremely detail-oriented.
Ability to successfully manage competing priorities with a positive, professional attitude in a high volume, deadline-driven environment.
Ability to adapt to frequent policy/process changes.
Ability to learn quickly and independently.
Ability to collaborate and achieve success as part of a team.
Familiarity with Agency/Partnership requirements, entity structure/authority
Familiarity with the Uniform Commercial Code
Familiarity with Regulatory requirements for Commercial Lending Products and all collateral types
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