Commercial Loan Closer III - CRE

Peapack-Gladstone Bank • Melville, NY • 8h ago

Description

What makes Peapack Private different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Position Summary

Lead the closing process for all loan products supported by the Commercial Loan Closing Team for the Commercial and Industrial (C&I) line of business. A C&I Loan Closer manages the loan closing process, ensuring all pre- and post-closing documentation is accurate and compliant with regulatory and internal policies. Commercial Loan Closer III may close agented or participated transactions, secondary market trades, letters of credit and/or construction loans. The position is responsible for maintaining the highest quality service to clients, prospects, as well as internal partners, ensuring the accuracy of client account administrative activities and developing collaborative relationships with clients.

Responsibilities:

Document Management. Prepare, review, and organize all commercial loan documentation, ensuring accuracy and completeness. Execute a prudent closing process for all loan products including new loans, amendments, extensions, modifications, and renewals. Prepare, review, and approve the closing package and settlement statement. Review legal documents for completeness and accuracy.

Compliance. Evaluate all closing documentation to ensure all pre-closing conditions and issues have been appropriately identified and accurately addressed. Confirm KYC and CIP have been completed. Maintain ongoing awareness of all legal and regulatory changes that may affect closing procedure.

Due Diligence. Order and review required due diligence items such as title commitments, UCC searches, environmental assessments, and proof of insurance.

Coordination. Act as a liaison between borrowers, attorneys, relationship managers, and internal teams to facilitate a smooth and timely closing process. Actively engage and manage all vendors involved in the transaction.

Funding Process. Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.

Record Keeping. Maintain accurate and organized records of all transaction communications, documentation, and funding activities. Follow-up with Counsel if full closing package is not received within 10 business days of Closing.

Transaction Coordination. Coordinate with the Loan Operations team to ensure that the transaction is properly recorded within the core receivable system. Coordinate with Collateral Team to ensure that all executed documentation is properly received and recorded in accordance with regulatory requirements. Identify exceptions that require post-closing follow-up.

Qualifications:

Bachelor's degree in business Related Field preferred

Minimum 10+ years working in a Commercial Lending Department or Bank Environment

Significant knowledge of Commercial Lending Credit Agreements

Effective oral and written communication skills

Effective customer service skills-internal and external

Detail oriented

Superior multi-tasking skills

Experience with basic office programs and equipment including Microsoft Office

Knowledge of Jack Henry System Silverlake a plus, not a requirement

Benefits Overview:

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $117,000 to $144,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Note: Incentives and/or benefits packages may vary depending on the position.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.

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