M&T Bank
Commercial Closing Sr. Officer (Hybrid w/in the M&T Footprint)
M&T Bank, Boston, Massachusetts, us, 02298
Commercial Closing Sr. Officer (Hybrid w/in the M&T Footprint)
Commercial Closing Sr. Officer (Hybrid w/in the M&T Footprint)
at
M&T Bank
This position is a hybrid role, 3 days in the office, within the M&T footprint.
Overview Responsible for ensuring completion and delivery of commercial closing capabilities for all assigned loans. Serves as the first line of defense (1LoD), adhering to necessary controls to mitigate risk. Responsible for closing each loan accurately and timely, acting as the primary closing point of contact for RMs, attorneys, and clients once term sheets are issued to arrange proper documentation and closing.
Primary Responsibilities
Responsible for closing each loan to the correct borrowing parties and per the agreed collateral and deal terms.
Primary point of contact on the deal team; once term sheets are issued, works with internal and external stakeholders to set and update closing expectations, ultimately issuing the ‘Clear to Close’ and verifying that remaining closing capabilities are carried out accurately and on time, culminating in a handoff to the post‑close review team and relationship liaison.
Identifies and outlines loan closing documentation and due diligence requirements for each loan, ensuring clear communication to and from internal and external sources; plans accordingly and works in tandem with the assigned Closing Officer on the deal to meet the scheduled closing date. Promptly advises stakeholders of any identified issues, delays, or changes to the anticipated closing date.
Upon receipt of a final acceptable review of the Commercial Closing Checklist from the Closing Officer verifies all required documents are complete and accurate, and that necessary data to close, fund (including dual controls properly addressed) and book have been captured correctly. Provides the deal team/relationship team with a ‘Clear to Close’ and confirms the closing plan (date, location, parties attending, etc.).
Acts as the closing point of contact for involved parties to resolve issues and provide understanding around loan documentation and due diligence.
Works with approved Bank counsel (as appropriate), as well as other Bank partners, to finalize the documenting, funding, and booking of the loan in accordance with Bank policies and procedures.
Partners with designated teammates and other stakeholders to address discrepancies or issues found during due diligence, loan documentation, loan closing, and review processes. Escalates issues as appropriate, then coordinates with coworkers and the Team Leader to troubleshoot and resolve escalated problem situations, exception requests, and deviations from day‑to‑day business processes.
Reviews loan documents after closing for complete and proper execution; once review is complete and deemed acceptable, notifies the Closing Officer that closing is complete and documents are received and acceptable, providing a copy so that the Closing Officer can arrange funding and booking.
Completes the Post Close Review a few days after booking; when satisfactory, makes a handoff to the post‑close review team and relationship liaison.
Communicates and collaborates effectively with other departments and business partners in the Bank to establish exemplary partnerships with coworkers and create a positive team environment.
Manages time to meet deadlines while potentially working with multiple partners on multiple and/or concurrent closing requests.
Attends all Deal Team meetings related to loans assigned for closing.
Reports customer complaints to the Office of Customer Advocacy when appropriate.
Understands and adheres to the company’s risk and regulatory standards, policies, and controls in accordance with the company’s Risk Appetite. Identifies risk‑related issues needing escalation to management.
Maintains M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Promotes an environment that supports a culture of belonging reflects the M&T Bank brand.
Completes other related duties as assigned.
Scope of Responsibilities The Commercial Closing capabilities include validation of pre‑close due diligence items, arranging for and reviewing commercial loan documentation, confirming alignment of the credit approval, loan documents, and the loan system, finalizing the settlement sheet, the loan closing, and review of executed documents, arranging and confirming loan funding, preparation and submission of required data for loan booking, followed by a post‑closing review.
Supervisory/Managerial Responsibilities Provides coaching, leadership and mentoring to colleagues.
Education and Experience Required
Bachelor’s degree plus a minimum of four (4) years of commercial loan closing, commercial loan documentation or commercial loan operations, or commercial loan administration experience; OR, in lieu of a degree, a combined eight (8) years of higher education and/or work experience, to include four (4) years of commercial loan closing or related experience.
Previous work leadership experience.
Specific knowledge of the commercial closing process and procedures, loan documentation, loan policy, applicable regulations, and affiliated technology.
Familiarity with loan approvals and escalation/exception requirements.
Ability to work individually as well as in a team.
Self‑motivated, well‑organized with excellent attention to detail and critical thinking skills.
Strong interpersonal skills necessary for business partner relationships within and outside the organization.
Ability to work under time constraints and handle multiple tasks in support of various assignments.
Solid verbal and written communication skills.
Knowledge of unit/department policies and procedures.
Education and Experience Preferred
Knowledge of applicable products, systems, and workflows.
Paralegal experience helpful, as well as experience in lending operations, underwriting, and customer service.
Physical Requirements M&T Bank is committed to fair, competitive, and market‑informed pay for our employees. The pay range for this position is $40.15–$66.91 hourly (USD).
Location Boston, Massachusetts, United States of America
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at
M&T Bank
This position is a hybrid role, 3 days in the office, within the M&T footprint.
Overview Responsible for ensuring completion and delivery of commercial closing capabilities for all assigned loans. Serves as the first line of defense (1LoD), adhering to necessary controls to mitigate risk. Responsible for closing each loan accurately and timely, acting as the primary closing point of contact for RMs, attorneys, and clients once term sheets are issued to arrange proper documentation and closing.
Primary Responsibilities
Responsible for closing each loan to the correct borrowing parties and per the agreed collateral and deal terms.
Primary point of contact on the deal team; once term sheets are issued, works with internal and external stakeholders to set and update closing expectations, ultimately issuing the ‘Clear to Close’ and verifying that remaining closing capabilities are carried out accurately and on time, culminating in a handoff to the post‑close review team and relationship liaison.
Identifies and outlines loan closing documentation and due diligence requirements for each loan, ensuring clear communication to and from internal and external sources; plans accordingly and works in tandem with the assigned Closing Officer on the deal to meet the scheduled closing date. Promptly advises stakeholders of any identified issues, delays, or changes to the anticipated closing date.
Upon receipt of a final acceptable review of the Commercial Closing Checklist from the Closing Officer verifies all required documents are complete and accurate, and that necessary data to close, fund (including dual controls properly addressed) and book have been captured correctly. Provides the deal team/relationship team with a ‘Clear to Close’ and confirms the closing plan (date, location, parties attending, etc.).
Acts as the closing point of contact for involved parties to resolve issues and provide understanding around loan documentation and due diligence.
Works with approved Bank counsel (as appropriate), as well as other Bank partners, to finalize the documenting, funding, and booking of the loan in accordance with Bank policies and procedures.
Partners with designated teammates and other stakeholders to address discrepancies or issues found during due diligence, loan documentation, loan closing, and review processes. Escalates issues as appropriate, then coordinates with coworkers and the Team Leader to troubleshoot and resolve escalated problem situations, exception requests, and deviations from day‑to‑day business processes.
Reviews loan documents after closing for complete and proper execution; once review is complete and deemed acceptable, notifies the Closing Officer that closing is complete and documents are received and acceptable, providing a copy so that the Closing Officer can arrange funding and booking.
Completes the Post Close Review a few days after booking; when satisfactory, makes a handoff to the post‑close review team and relationship liaison.
Communicates and collaborates effectively with other departments and business partners in the Bank to establish exemplary partnerships with coworkers and create a positive team environment.
Manages time to meet deadlines while potentially working with multiple partners on multiple and/or concurrent closing requests.
Attends all Deal Team meetings related to loans assigned for closing.
Reports customer complaints to the Office of Customer Advocacy when appropriate.
Understands and adheres to the company’s risk and regulatory standards, policies, and controls in accordance with the company’s Risk Appetite. Identifies risk‑related issues needing escalation to management.
Maintains M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Promotes an environment that supports a culture of belonging reflects the M&T Bank brand.
Completes other related duties as assigned.
Scope of Responsibilities The Commercial Closing capabilities include validation of pre‑close due diligence items, arranging for and reviewing commercial loan documentation, confirming alignment of the credit approval, loan documents, and the loan system, finalizing the settlement sheet, the loan closing, and review of executed documents, arranging and confirming loan funding, preparation and submission of required data for loan booking, followed by a post‑closing review.
Supervisory/Managerial Responsibilities Provides coaching, leadership and mentoring to colleagues.
Education and Experience Required
Bachelor’s degree plus a minimum of four (4) years of commercial loan closing, commercial loan documentation or commercial loan operations, or commercial loan administration experience; OR, in lieu of a degree, a combined eight (8) years of higher education and/or work experience, to include four (4) years of commercial loan closing or related experience.
Previous work leadership experience.
Specific knowledge of the commercial closing process and procedures, loan documentation, loan policy, applicable regulations, and affiliated technology.
Familiarity with loan approvals and escalation/exception requirements.
Ability to work individually as well as in a team.
Self‑motivated, well‑organized with excellent attention to detail and critical thinking skills.
Strong interpersonal skills necessary for business partner relationships within and outside the organization.
Ability to work under time constraints and handle multiple tasks in support of various assignments.
Solid verbal and written communication skills.
Knowledge of unit/department policies and procedures.
Education and Experience Preferred
Knowledge of applicable products, systems, and workflows.
Paralegal experience helpful, as well as experience in lending operations, underwriting, and customer service.
Physical Requirements M&T Bank is committed to fair, competitive, and market‑informed pay for our employees. The pay range for this position is $40.15–$66.91 hourly (USD).
Location Boston, Massachusetts, United States of America
#J-18808-Ljbffr