M&T Bank · 2 months ago
Commercial Closing Sr. Officer (Hybrid w/in the M&T Footprint)
Boston, MA
Full-time
Hybrid
Mid, Senior Level
$40.15/hr - $66.91/hr
4+ years expM&T Bank is a financial institution seeking a Commercial Closing Sr. Officer to manage the closing capabilities for assigned loans. The role involves serving as a primary point of contact for closing processes, ensuring accuracy and timeliness in documentation and communication with stakeholders.
Financial Services
Responsibilities
Responsible for closing each loan to the correct borrowing parties and per the agreed upon collateral and deal terms approved
Primary point of contact on the deal team, for closing, once term sheets are issued, works with internal and external stakeholders to set and update closing expectations and eventually issue the ‘Clear to Close’ followed by verification that remaining closing capabilities are carried out in an accurate and timely manner, culminating with a handoff to the post close review team and relationship liaison
Identifies and outlines loan closing documentation and due diligence requirements for each loan, ensuring clear communication to and from internal and external sources; plans accordingly, and works in tandem with assigned Closing Officer on the deal to meet scheduled closing date. Promptly advises stakeholders of any identified issues, delays, or changes to the anticipated closing date. Upon receipt and final acceptable review of Commercial Closing Checklist from Closing Officer verifies all required documents are complete and accurate, and necessary data to close, fund (including dual controls properly addressed) and book have been captured correctly, then provides the deal team/relationship team a ‘Clear to Close’ and confirms closing plan (Date, Location, Parties Attending etc.)
Acts as the closing point of contact for involved parties to resolve issues and provide understanding around loan documentation and due diligence
Works with approved Bank counsel (as appropriate), as well as other Bank partners, to finalize the documenting, funding, and booking of the loan in accordance with Bank policies and procedures
Partners with designated team and other internal and external stakeholders to address discrepancies/issues found during due diligence, loan documentation, loan closing and review processes. Escalates issues as appropriate. Then coordinates with co-workers and Team Leader to troubleshoot and resolve escalated problem situations, exception requests, and deviations from day-to-day business processes
Review loan documents after closing for complete and proper execution; once review is complete and deemed acceptable, notification to Closing Officer that closing is complete and documents are received and acceptable, providing a copy so that Closing Officer can arrange funding and booking
Completes the Post Close Review subsequent to booking, (usually within 7-10 days after closing) and when satisfactory then makes a handoff to the post close review team and relationship liaison
Communicate and collaborate effectively with other departments and business partners in the Bank to establish exemplary partnerships with all co-workers and create a positive team environment
Manages time to be able to meet deadlines while potentially working with multiple partners on multiple and/or concurrent closing requests
Attends all Deal Team meetings related to loans assigned for closing
Reports customer complaints to the Office of Customer Advocacy when appropriate
Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
Promotes an environment that supports a culture of belonging and reflects the M&T Bank brand
Completes other related duties as assigned
Qualification
Required
Bachelor's degree plus a minimum of four (4) years commercial loan closing, commercial loan documentation or commercial loan operations, or commercial loan administration experience or in lieu of a degree, a combined eight (8) years' higher education and/or work experience, to include four (4) years' commercial loan closing, commercial loan documentation or commercial loan operations, or commercial loan administration experience
Previous work leadership experience
Specific knowledge of the commercial closing process and procedures, loan documentation, loan policy, applicable regulations, and affiliated technology
Familiarity with Loan Approvals and Escalation/Exception Requirements, and potentially other approvals needed for closing
Ability to work individually as well as a member of a team
Self-motivated, well-organized individual with excellent attention to detail and critical thinking skills
Strong interpersonal skills necessary for business partner relationships within and outside organization
Ability to work under time constraints and handle multiple tasks in support of various assignments
Solid verbal and written communication skills
Knowledge of unit/department policies and procedures
Preferred
Knowledge of applicable products, systems, and workflows
Paralegal experience helpful as well as experience in lending operations, underwriting and customer service
Company
M&T Bank
Great companies have an enduring sense of purpose.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
René Jones
Chairman & Chief Executive Officer
Dan Saper
•Co-Founder/Co-Chairman of Welcome to M&T Bank Affinity Group, Western New York Chapter
Recent News
2025-10-07
2025-10-06
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