Job Title: Sr. Closing Officer or Lead Closing Officer - Healthcare Group (HCG) and Institutional Real Estate (IRE)
Location: Amherst, New York
Time Type: Full time
Posted on: Posted Today
Time left to apply: End Date: May 2, 2025 (28 days left to apply)
Job Requisition ID: R-31557
Overview:
We are currently seeking a highly qualified and experienced Sr. Closing Officer or Lead Closing Officer to join our Healthcare Group (HCG) and Institutional Real Estate (IRE) team. This role can be filled as either a Lead Closing Officer or Senior Closing Officer, depending on the candidate's level of experience. The ideal candidate must reside near one of the listed locations and be able to report to the office 1-3 days per week in a hybrid capacity.
As a Sr. Closing Officer or Lead Closing Officer, you will be responsible for independently managing and maintaining an active closing portfolio consisting of moderate to highly complex loan transactions. You will also be expected to be proficient in understanding, analyzing, and negotiating legal documents and loan closing due diligence. This position requires you to drive the closing process from loan approval through closing, reviewing due diligence along the way, and being responsible for some continued post-closing monitoring. The product types that you will be handling range from simple extensions and modifications to complex borrowing base loans, line of credit facilities, standby letters of credit, or revenue bond transactions, any of which may be syndicated/participated. Your role will involve delivering superior client service to both internal and external clients, using sound judgment and decision-making skills to achieve "win-win" outcomes while balancing policy, procedures, client needs, and bank risks. Adherence to internal compliance procedures, credit approval, risk management, and document standards is critical to this role. You will be expected to collaborate with the entire Servicing team, sharing information, knowledge, best practices, and experiences to maximize efficiency, service quality, and results. On occasion, you may also be asked to participate in and/or lead special projects.
Key Responsibilities:
- Provide closing expertise to internal clients in the pre-closing process, including reviewing items required to close, credit approval, commitment letter, and loan documentation
- Proactively drive the closing process with the client, utilizing the closing checklist to identify and monitor progress of items required to close the transaction
- Engage and coordinate with outside consultants necessary for the transaction, including legal counsel and construction consultants
- Accumulate and review all loan documentation and other information for conformity to credit policy, credit approval, and commitment letter; analyze, review, and negotiate client-requested changes with counsel and/or Sales as appropriate
- Review and analyze Borrower-provided insurance with insurance standards
- Order flood zone determinations and provide analytical review and assurance of all federal regulated requirements are met for SFHA collateral, including movements in and out of a SFHA
- Review and analyze construction documents, including construction schedule, construction budget, and construction contracts
- Ensure ongoing communication with the client, Sales, legal counsel, title agent, construction consultant, Servicing Officer, and all other necessary parties during the pre-closing and closing process (initiate pre-closing meetings)
- Work with Servicing Officer, consultant, and Sales to ensure project budget is balanced and conforms to loan approval
- Consistently deliver distinctive personalized service to external and internal clients, and participate in client meetings
- Ensure all pre-closing conditions of approval are met prior to closing/funding and monitor all post-closing items
- Provide authorization to close to Servicing Officer and work closely with multiple parties to achieve a well-coordinated and timely closing, funding, and booking of the transaction
- Effectively communicate and work with banks on syndicated/participated transactions; lead or participate in syndication bank group meetings and ensure Bank documentation and closing requirements are met
- Coordinate collection of all fees and charges necessary to close the transaction and utilize various appropriate systems for management of such fees and charges
- Provide required documentation for booking transaction and fees and utilize system for timely updates on deal status
- Ensure all documentation is in place for timely upload and maintain all documentation in the digital closing file
- Utilize internal Compliance Applications to ensure adherence to all governmental and fiduciary laws, including OFAC and Patriot Act
- Clearly and immediately communicate problems/issues with appropriate elevation and assist in the resolution of such issues affecting client service and risk management
- Adhere to timeframes for all required training
Qualifications:
- 4-year College Degree or equivalent real estate business experience
- Paralegal training, law degree and/or LPO license preferred
- Ability to work independently without on-site direct supervision
- Strong knowledge and experience in construction and interim loan financing, including commitment/loan structures, title/liens, contracts, leases, AIA documents, project budgets, insurance, loan documents, and other legal documentation, and compliance with state/market legal requirements
- Strong solution-oriented and problem-solving skills, with attention to detail
- Demonstrated decision-making ability
- Demonstrated ability to prioritize and handle multiple tasks in a high closing volume environment
- Significant experience with multi-bank loan participations/syndications and secondary market standards
- Strong aptitude for analysis, systems, and mathematics
- Strong written and verbal communication skills
- Strong planning and organizational skills
- Proven ability to prioritize and handle multiple tasks in a high-volume environment
- Familiarity with commercial loan accounting systems
- PC proficiency, including familiarity with Microsoft Excel, Word, and Lotus Notes Email
Job Title: Sr. Closing Officer or Lead Closing Officer - Healthcare Group (HCG) and Institutional Real Estate (IRE)
Location: Amherst, New York
Time Type: Full time
Posted on: Posted Today
Time left to apply: End Date: May 2, 202
