Paralegal Senior Specialist – Closing Specialist
1 day ago
At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.
What's the role?
This paralegal will be a member of the Law Department’s Real Estate Investments Team serving as a closing specialist responsible for managing the closing and funding process for commercial mortgage loans and equity investments, as well as managing loan servicing and modification matters.
Principle Accountabilities:
Reviews and analyzes loan applications and purchase and sale contracts and identifies all necessary closing requirements. Manages entire closing process: prepares and manages closing checklist; schedules and runs closing status calls with department staff and outside borrowers and/or other counterparties; manages timelines toward closing dates, ensuring all due diligence requirements are satisfied; proposes resolutions to issues where appropriate; orders and reviews title insurance commitments and land surveys and resolves all noted issues regarding same with title companies, surveyors and/or counterparties; reviews entity evidence relative to borrower/partner organization structure; reviews key leases and identifies risks and liabilities; summarizes issues in written departmental synopses and presents to Real Estate Department deal review committee(s); prepares all necessary loan documents for review and negotiation by in-house attorneys; finalizes all closing documents and ensures all closing requirements have been met; initiates wire transfer of loan/acquisition funds. In addition, responsible for review and documentation of certain loan servicing and modification matters.
Bring Your Best What this role needs:
- A bachelor’s degree required; or equivalent, demonstrable experience in commercial real estate transactions. A Paralegal Certificate is desirable.
- A minimum of 3 years of experience in either, (1) real estate closings or (2) corporate law transactions.
- Understanding of corporations, partnerships, and limited liability companies.
- Lease review experience desirable.
- Ability to handle multiple priorities successfully and work independently and effectively during periods of high volume.
- Excellent interpersonal and communication skills, a highly analytical and curious mind, creativity, comfort dealing with ambiguity, integrity, high ethical standards, and a positive demeanor.
- Service oriented, with demonstrated ability to build rapport with people inside and outside the organization.
- Highly effective in a team environment, while also demonstrating ability to work independently in a complex, varied environment.
A keen problem-solving approach using sound legal reasoning and practical business judgment to identify and address risks and achieve results that balance benefits for all stakeholders of the enterprise.
Compensation Range:
Pay Range - Start:
$59,150.00
Pay Range - End:
$109,850.00
Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.
Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location.
Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now
We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.
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