Industry Closing Manager

City National Bank • Springfield, IL • 5h ago

INDUSTRY CLOSING MANAGER

WHAT IS THE OPPORTUNITY?

The Industry Closing Manager (ICM) is the leader in the closing of the deal and a key member of the client team. They will manage the due diligence activities within Loan Administration and will directly follow up with the client for scheduling, documents, and questions related to closing. The ICM will be the primary contact for outside attorneys and ensure all closing documents are ready for closing and that the deal is funded and boarded accurately. The ICM will directly manage the activities of the Loan Closing Specialists that are assisting them in the closing of deals. In addition, the ICM will work with Relationship Managers and Credit Products staff to review legal documents to ensure they represent the deal and credit conditions are being met within those documents. In addition, the ICM will be accountable and responsible for issuing the "Clear to Close" which is the signal that all conditions have been met to move the deal to closed and execute legal documents and then fund the transaction. This is one of the most important controls within the Wholesale Bank and is critical to the bank's control environment. The ICM is a key colleague in ensuring a positive onboarding experience for all our City National's clients. They also serve a critical role as a key control point to ensure the bank is following its policies and procedures. This role is a senior level role that requires years of experience and ability to interact with and manage many competing priorities and roles both inside and outside of the bank.

WHAT WILL YOU DO?

Work directly with client for all matters related to closing and include other internal partners as needed

Manage activities of Loan Closing Specialists that are working to support ICM duties and function

Review closing checklist for completion and ensure all items are completed prior to closing

Manage and communicate the closing timeline and date with Clients, Relationship Managers and Credit staff

Determine if internal or attorney prepared documents are needed; engage attorneys if needed

Manage legal invoices if needed, approve expense on behalf of the Relationship Managers

Responsible for issuing the "Clear to Close" allowing for a deal to be closed

Set up exceptions and approve trailing/ missing documents

Prior to closing, coordinate with Funding & Boarding to execute on funding instructions

Conduct post-boarding review and work closely with post-close teams

WHAT DO YOU NEED TO SUCCEED

Required Qualifications

Bachelor's Degree or equivalent

Minimum 10 years experience in Commercial Real Estate Banking required.

Previous Management experience is preferred

Previous experience as a Paralegal or part of Law Firm is preferred.

Additional Qualifications

Client facing presence and experience

Project Management skills, ability to prioritize tasks and adapt to changing priorities

Organizational and time management skills

Recommended experience: Prior closing experience, paralegal (i.e., understand legal language and docs), commercial credit experience or understanding of experience

Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

Generous 401(k) company matching contribution

Career Development through Tuition Reimbursement and other internal upskilling and training resources

Valued Time Away benefits including vacation, sick and volunteer time

Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

Career Mobility support from a dedicated recruitment team

Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our https://careers.cnb.com/benefits.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at https://www.cnb.com/about-us.html.

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