Senior Loan Closer - CDF

Overview The Senior Loan Closer for Community Development Finance plays a critical role in supporting the closing of transactions within the community development and affordable housing space. The position involves a diverse range of responsibilities, including operational support, detailed loan processing and rigorous quality control. The Senior Loan Closer will ensure all transactions comply with relevant bank regulations and standards, by managing documentation and coordinating with various internal and external partners.

This role will require effective communication and collaboration skills to ensure smooth and timely loan closings. The Senior Loan Closer will act as a subject matter expert, providing guidance, mentorship, and training to junior members of the CDF team. In this role, the Senior Loan Closer will drive team objectives, contribute to strategic decision‑making, and actively work on enhancing operational processes to ensure greater efficiency in the closing of the CDF transactions.

As a senior team member, a primary responsibility will be identifying, managing, and completing special projects, and initiatives annually. This role will spearhead the implementation and roll‑out of process improvement efforts, ensuring these enhancements align with organizational goals and best practices.

Overview The Senior Loan Closer for Community Development Finance plays a critical role in supporting the closing of transactions within the community development and affordable housing space. The position involves a diverse range of responsibilities, including operational support, detailed loan processing and rigorous quality control. The Senior Loan Closer will ensure all transactions comply with relevant bank regulations and standards, by managing documentation and coordinating with various internal and external partners.

This role will require effective communication and collaboration skills to ensure smooth and timely loan closings. The Senior Loan Closer will act as a subject matter expert, providing guidance, mentorship, and training to junior members of the CDF team. In this role, the Senior Loan Closer will drive team objectives, contribute to strategic decision‑making, and actively work on enhancing operational processes to ensure greater efficiency in the closing of the CDF transactions.

As a senior team member, a primary responsibility will be identifying, managing, and completing special projects, and initiatives annually. This role will spearhead the implementation and roll‑out of process improvement efforts, ensuring these enhancements align with organizational goals and best practices.

Responsibilities & Qualifications Monitor the receipt of all loan documentation and closing due diligence items, as well as tracking deal status throughout the closing process.
Review third‑party reports, formation documents, and due diligence materials to ensure all pre‑closing conditions are fulfilled.
Manage loan deposits and fees due at closing, by preparing a detailed construction loan budget, and reconciling closing draws and funding sources.
Coordinate with Title and Escrow companies and External Legal Counsel to ensure timely and accurate funding.
Reconcile all related invoices against fee/ costing sheets and escrow closing statements.
Set up and maintain all credit and loan files, ensuring they are organized and up‑to‑date. Files to be arranged to ensure accessibility and navigability, allowing team members to retrieve information quickly throughout the life of the loan and ensure audits can be performed efficiently post‑close.
Thoroughly review legal documentation prepared by outside counsel, ensuring that documents accurately reflect the approved terms and conditions of each transaction.
Coordinate with external counsel and relationship managers to confirm documentation meets the specific requirements and regulatory standards of the applicable geographic location of the transaction.
Manage and track receipt of all executed documents from counsel upon loan closing.
Coordinate with counsel to ensure delivery of original loan documents to the Bank.
Review and approve deal insurance certificates to…