Senior Commercial Loan Closer
4 days ago
If you like to work with people in a family atmosphere, enjoy great benefits and provide unequaled personal service to every customer, consider a career with Bell Bank.
Company Information:
Bell Bank was founded in 1966 and headquartered in Fargo, North Dakota. It is the largest family-and employee-owned bank in the upper Midwest, and one of the largest in the nation, with assets of more than $10 billion. Bell Bank has full-service banking locations in North Dakota, Minnesota and Arizona. Bell has empowered more than $26 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need.
Bell Bank has been recognized as a top workplace by American Banker, Forbes and Fortune.
If you want to work for an established, growing, forward-looking organization with world-class employees, this is the place for you. Let Bell Bank be your destination workplace.
Bell's Values
As stewards, dedicated to the growth and reputation of this independently owned organization, we are committed to:
- Promoting and sustaining our family atmosphere.
- Providing unequaled personal service to each and every customer.
- "Paying it forward" by giving back to the communities we serve.
Happy Employees Happy Customers
Job Summary:
The Senior Loan Closer is primarily responsible for coordinating, reviewing and verifying loan documentation and closing needs for diverse and complex commercial and industrial loans, including real estate loans, construction loans, participations and syndications. This position acts as a control over critical lending activities by: (i) identifying and resolving potential closing related issues prior to disbursement of loan proceeds, (ii) ensuring the documents reflect the terms and conditions of the credit approval and comply with applicable internal guidelines and state/federal regulatory requirements, (iii) ensuring that all due diligence requirements to close are met before loans are closed and funded, and (iv) providing complete and adequate booking package for loan boarding immediately after funding.
The Senior Loan Closer acts in the capacity of a senior role and directly interacts with internal team members and business partners to ensure that all loans are closed and funded within established and/or anticipated closing timelines. These responsibilities are to be performed under limited supervision.
Primary Duties:
- Coordinates and facilitates upcoming loan closings and fundings. Reviews the credit approval and loan packages for compliance, accuracy, and completeness. Establishes on-going communication with team members, lending and credit officers, underwriters, and other business partners regarding any changes in credit approvals and/or loan terms. Analyzes closing issues and develops appropriate resolutions to resolve closing related issues prior to customer execution and release of loan proceeds.
- Determine that all preclosing requirements are met and ensure exceptions are satisfied or appropriate waivers are obtained. This includes coordination with the CRE Administration team as it relates to Real Estate Appraisals/Evaluations, Title Insurance, Flood Determination, Environmental Requirements and Insurance.
- Comprehend various business entity structures and review entity documents to determine authorized parties involved in loan transactions.
- Expertly navigate business and loan structures to identify, request, and review critical third-party documents necessary for granting the "clear to close," which includes collaborating with external counsel to prepare commercial loan documentation
- Engage with Commercial Loan Coordinator or borrowers to complete necessary forms, adhering to loan guidelines, and offering support throughout the loan closing process.
- Collaborate to finalize the preparation of loan documents by internal doc prep or external counsel and complete quality control of the final closing package before submitting it to the Commercial Banker for final approval. Acquire and understand all funding information, review the settlement statement, and provide guidance for the disbursement of loan proceeds.
- Review loan packages immediately after customer execution to ensure there are no changes and that all documents are properly signed and executed by the designated parties.
- Serve as a knowledge resource and subject matter expert for closing requirements and due diligence documentation of complex and specialized transactions.
- Act as a liaison with commercial bankers, borrowers, attorney and other third-party vendors as needed.
- Act as a liaison with internal Banking Legal to ensure all necessary legal review is completed and/or additional documentation is obtained.
- Ensure the achievement of individual and departmental goals and service level agreements (SLAs).
- Know by name and face as many customers and employees as possible, calling them by name as often as possible.
- Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
- Know, understand, and live the company values and bottom line.
- Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
- All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
- Prompt and reliable attendance.
- Perform other duties as assigned.
- S. or B.A. Degree in Finance, Business Administration or equivalent practical experience in commercial banking loan documentation.
- 5 years of experience in Commercial lending, with proficiency in compliance and documentation regulations.
- Commercial loan documentation processing: 5 years (Required).
- Expertise in Laser Pro for commercial documentation preferred.
- Strong work ethic, prioritization skills, and adaptability to changing deadlines.
- Demonstrate an in-depth understanding of various commercial loan documentation, legal and regulatory requirements, policies, and procedures.
Bell Bank provides competitive compensation and an excellent benefits package.
Bell Bank
Equal Opportunity Employer
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