Commercial Operations Loan Closer

Description

At Citizens, we work together to make a difference for companies that are building, supplying, and serving industries and consumers across the country. As the Commercial Operations Loan Closer, you will be a critical member of the commercial client relationship team that is responsible for ensuring loans with complex loan structures or documentation requirements are closed and documented in accordance with the Citizens credit approval policy. You will be responsible for accurately booking loans into the loan accounting system, performing appropriate due diligence tasks, reviewing operational risk components, and ensuring conditions are met prior to closing or funding a loan with a particular focus on Small Business Administration (SBA), Securities Based Lending (SBL) and other niche financing. You will function as a gate keeper for certain compliance and reporting requirements and will perform these functions under the supervision of a Team Leader and/or Manager. As part of the Client Service team, you will thrive in this role by possessing strong verbal and written communication skills to interact efficiently and effectively with internal business partners, legal counsel, and clients. Most importantly, you will feel valued for who you are and supported to achieve what is important to you, personally and professionally!

Primary responsibilities include

Knowledge of Federal regulations, loan documentation terms and conditions including credit agreements, notes, guarantees, and collateral is required as you will act as a gate keeper for certain compliance and reporting requirements.

Responsible for ensuring loans are closed and documented in accordance with the Citizens credit approval procedure.

Accurately booking the loan to the loan accounting system.

Successfully manage a loan pipeline of 25 transactions; communicating clearly and timely to partners and customers on status and conditions.

Supports regular program activities such as SBA 1502 reporting, internal and external reviews and procedure review and maintenance

Perform appropriate due diligence tasks, review operational risk components, and ensure conditions precedent are met prior to closing or funding a loan.

Possess strong verbal and written communication skills in order to interact efficiently and effectively with internal business partners, legal counsel and clients.

Reconcile Loan Accounting Recon account for assigned loans.

Manage and clear post-closing legal documentation exceptions in compliance with bank policy.

Implement effective controls and proactively initiate action over key client indicators and managing loan closings within established Key Performance Indicators (KPI's).

Required Skills/Experience:

3 years of relevant experience in a business/commercial lending environment with knowledge of Small Business Administration, practices and policies.

Exceptional customer service and communication skills.

Highly motivated and team-oriented.

Ability to manage and resolve moderately complex problems.

Excellent time management skills with the ability to effectively manage a pipeline of credits, independently prioritizing activities.

Strong organizational skills with the ability to manage multiple priorities in a time sensitive environment while maintaining service level agreements.

Experience with AFS, Relay, Laser Pro and Content Manager are all pluses.

Education:
High School or equivalent (GED) required
Associate's Degree or higher is preferred

Hours and Work Schedule:
Hours per Week: 40
Work Schedule: 8:00am – 5:00pm, Monday - Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.