Commercial Closing Administrator

Needham Bank Needham, MA $25 - $33
Part Time Mid Level 2+ years

Posted 3 weeks ago

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About This Role

This role manages and coordinates all activities required for commercial loan closings, working closely with various internal and external stakeholders. The administrator ensures accurate documentation, regulatory compliance, and timely execution of all loan processes.

Responsibilities

  • Coordinate and co-manage loan closings in partnership with Relationship Managers, Loan Officers, and closing attorneys
  • Prepare all in-house closing documentation and ensure timely delivery to all parties
  • Review and reconcile discrepancies between credit approvals and legal documents
  • Review settlement statements, closing packages, and funding documentation to ensure accuracy and compliance
  • Identify, troubleshoot, and resolve critical closing issues to prevent delays
  • Create and maintain accurate fee instructions, funding instructions, and onboarding details
  • Review loan documentation for completeness, accuracy, and adherence to policy and regulatory requirements
  • Perform quality control reviews, including Minor/FDIC QC
  • Compile modification packages and ensure completion of required documentation
  • Communicate proactively with RMs, Analysts, Loan Operations, and external partners

Requirements

  • Advanced understanding of commercial loan processes, products, and services
  • Ability to work on multiple transactions simultaneously and meet service level deadlines
  • Ability to work independently and demonstrate sound problem-solving skills
  • Willingness to go above and beyond to close a deal
  • Highly skilled at providing innovative solutions on all policies and procedures
  • 2-3 years’ commercial closing experience
  • Microsoft experience

Qualifications

  • 2-3 years’ commercial closing experience

Nice to Have

  • Loan Vantage experience

Skills

Microsoft * Loan Vantage * iDentifi *

* Required skills

Benefits

Paid Holidays
Flexible spending accounts
Group Term Life Insurance
Fully paid dental insurance
Tuition Reimbursement
Employee Assistance Program
Long-term disability insurance
HRA
401(k) plan with an 8% bank match
Paid Time Off (PTO)
Short-term disability insurance
Fully paid medical insurance
Vision service plan

About Needham Bank

Finance
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