Loan Closer Job Johnston area,Rhode Island USA,Finance & Banking

Job Title:
Loan Closer (Hybrid)

Location:
Johnston, RI

Pay: 26.38/hr

Job Description:

Be a critical member of the client relationship team responsible for ensuring loans with complex loan structures or documentation requirements are closed and documented in accordance with the bank's Business Banking credit policy.
Accurately book loans into the loan accounting system, perform appropriate due diligence tasks, review operational risk components, and ensure conditions are met prior to closing or funding a loan with a focus on C&I financing.
Function as a gatekeeper for certain compliance and reporting requirements under the supervision of a Team Leader and/or Manager.
Possess strong verbal and written communication skills to interact efficiently and effectively with internal business partners, legal counsel, and clients.

Primary Responsibilities:

Knowledge of Federal regulations, loan documentation terms and conditions including credit agreements, notes, guarantees, and collateral is required to act as a gatekeeper for certain compliance and reporting requirements.
Ensure loans are closed and documented in accordance with the credit approval procedure.
Accurately book the loan to the loan accounting system.
Successfully manage a loan pipeline of 25-30 transactions, communicating clearly and timely to partners and customers on status and conditions.
Perform appropriate due diligence tasks, review operational risk components, and ensure conditions precedent are met prior to closing or funding a loan.
Effectively work with sales partners, customers, legal counsel, and third parties to clear all pre-closing conditions including environmental reports, appraisals, flood determinations, lien positions, and title work.
Reconcile Loan Accounting Recon account for assigned loans.
Manage and clear post-closing legal documentation exceptions in compliance with bank policy.
Implement effective controls and proactively initiate action over key client indicators and manage loan closings within established Key Performance Indicators (KPI's).
Provide exceptional customer service while adhering to Bank policies and controls and regulatory requirements.
Mitigate operational and reputational risk.

Required Skills/

Experience:

High School or equivalent (GED) required;
Associate's Degree or higher is preferred.
1-3 years of relevant experience in a business/commercial lending environment.
Exceptional customer service and communication skills.
Highly motivated and team-oriented.
Ability to manage and resolve moderately complex problems.
Excellent time management skills with the ability to effectively manage a pipeline of credits, independently prioritizing activities.
Strong organizational skills with the ability to manage multiple priorities in a time-sensitive environment while maintaining service level agreements.
Experience with AFS and Laser Pro are a plus.


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