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SalaryOverview:
The Commercial Loan Closer collaborates with business lenders, business members, and the legal department to effectuate the documentation, closing, and booking of business loans. An ideal candidate meets the financing needs of the member by managing tasks to uphold deadlines. Responsibilities:
Company Overview
Pay Transparency: $26.50 - $38.00 hourly based on experience and credentials
Location Type: Hybrid a flexible work model blending in-office (3) and remote working (2)
Position Type: Full Time
Schedule: Monday through Friday 8:00 AM – 5:00 PM
Training: 90 days, fully onsite
The Commercial Loan Closer collaborates with business lenders, business members, and the legal department to effectuate the documentation, closing, and booking of business loans. An ideal candidate meets the financing needs of the member by managing tasks to uphold deadlines.
- Prepare loan and collateral documentation for various loan types and structures including lines of credit, term loans, commercial mortgages, construction loans, and equipment loans
- Prepare term sheets and loan commitment letters for approved business loans
- Analyze loan transactions and coordinate with legal counsel to assist with preparing legal documents required to close business loans
- Ensure loans are documented and closed according to the credit approval
- Perform appropriate due diligence tasks and ensure conditions precedents are met before closing and funding a loan or making future advances on business loans
- Collaborate with internal and external counsel, title companies, and the Accounting Department to meet funding and wiring requirements for closings on Commercial Loans
- Manage and clear post-closing legal documentation exceptions in compliance with Suncoast Credit Union policy
- Prepare loan satisfactions and record the same with government entities
- Assist business members with questions related to their business loans and act as a liaison between business lenders and internal or outside legal counsel
- Assist service center staff with business lending questions
- Monitor construction projects throughout their draw period
- Prepare loan files to scan and index
- Attend training classes to increase professional knowledge
- Bachelor's degree in business administration, legal studies, or a related field (A compatible combination of work experience and training may be substituted for education requirements)
- Experience in a commercial lending environment preferred
- Ability to prioritize tasks by effectively managing competing and changing priorities to meet deadlines
- Effective written, verbal, and interpersonal communication skills to interact with members, staff, vendors, and government regulators
- Accurate, detail-oriented, and organized with task management
- Ability to comprehensively communicate facts, policies, and practices
Skills
- Customer Service
- Data Science
- Networking
- Sales
Benefits
- Financial Well-Being: Bonus Program up to 9%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts
- Wellness: Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage
- Work-Life Balance: 11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO
- Community Involvement: Paid Volunteer Hours
- Growth: Degree Assistance up to $5,000 per year
- Flexibility: Remote, Hybrid and Onsite Schedules
- Security: Pet Insurance, Free Identity Theft Protection, Legal Assistance
For more information, including additional benefits, please visit our benefits website at https://careers.suncoastcreditunion.com/benefits
Company Overview
Suncoast Credit Union is consistently chosen as a Tampa Bay Times Top Workplace because its employees genuinely #LOVEWORK! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. Chartered in 1934, Suncoast has never furloughed any employees.
For more information, please visit our careers site at https://careers.suncoastcreditunion.com/
