Commercial Construction Closing Coordinator

Northwest Bank • Warren, PA • 2d ago

The Commercial Construction Closing Coordinator will contribute to a team environment by coordinating and leading the commercial construction loan closing process for commercial loans as well as facilitating the loan closing process for transactions with commercial construction documentation prepared by external legal counsel. This position will effectively manage the closing timeline to ensure service standards. Position will have direct external customers, lending partners, external legal counsel and builder/contractor contact. Must have strong knowledge and background in the key commercial construction documentation elements of complex lending arrangements.

Essential Functions

Responsible for initiating and driving the loan closing process, coordinating the activities, decisions and communications with outside council

Review all documents, including construction, to ensure approved terms and conditions are appropriately documented and all required documents were obtained in accordance with established procedures. Certification of all required documents establishing the power, authority, and existence of all obligors, guarantors, etc. is obtained and is retained appropriately in company records

Make decisions that influence risk management and customer relationships for loan with custom, complex terms that may involve construction, acquisitions, bonds, syndication, tax credits, credit derivatives, etc. Collaborates with Sales and Portfolio Managers to influence business decisions

Act as liaison between the internal departments, closing agent, borrower and contractor to ensure the file progression is streamlined and progressing without delays

Interact with title companies/closing agents to obtain title reports, order title endorsements, and coordinate loan closings for construction and commercial real estate loans. Review title reports for accuracy (including review of vesting, legal descriptions, exception items) and make recommendations for changes as appropriate. Work directly with internal departments and title company to resolve issues

Work closely with department managers and internal teams to educate them on the construction and commercial nuances

Coordinate the post-closing Legal Review of all transactions meeting the bank's criteria for independent review by an attorney on the Legal Team. Coordinate any curative actions required by the independent Legal Review.

Knowledge of Commercial loan products, credit policy, compliance and interpretation of legal and regulatory issues

Knowledge of multiple entity @types and structures of commercial borrowers and loans

Demonstrate knowledge and ability to analyze problems, make decisions, and take measured risks, using available data

Coach and mentor less experienced team members

Work as part of a team in a leadership capacity

Ensure SLAs are consistently met in accordance with contractual requirements and provide best in class customer service

Ability to establish effective working relationships among team members and participate in solving problems and making decisions

Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written

Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems and monitoring own work progress, and effectively use resources

Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Ensure compliance with Northwest's policies and procedures, and Federal/State regulations

Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency

Work as part of a team

Work with on-site equipment

Education + Experience preferred

Bachelor's degree

Commercial construction closing experience required.

2-3 years of Commercial Real Estate lending

3-5 years of loan closing and documentation experience in law firm

3-5 years of experience in title company closing commercial construction loans

Knowledge of commercial construction loan products, credit policy, compliance and interpretation of legal and regulatory issues

Knowledge of multiple entity @types and structures of commercial borrowers and loans

Ability to ensure accuracy while meeting the established service level agreements and benchmarks

The pay range for this position is generally $24.39 - $32.16 per hour. Actual pay is based on variousfactorsincluding but not limited to the successful candidate's experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.

LI-EK1#LI-Remote

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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