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KeyBank · 14 hours ago

Senior Closing Officer/Lead Closing Officer - Commercial Real Estate and Syndications

Brooklyn, OH

Full-time

Hybrid

Senior Level, Lead/Staff

$71K/yr - $125K/yr

4+ years exp

KeyBank is a financial services company, and they are seeking a Senior Closing Officer/Lead Closing Officer to manage and maintain a closing portfolio of complex loan transactions. The role involves driving the closing process, negotiating legal documents, and ensuring compliance with internal procedures while delivering superior client service.

Banking

Responsibilities

Provide closing expertise to internal clients in pre-closing process through review of items required to close, review of credit approval and assistance with review of commitment letter and loan documentation

Proactively drive the closing process with client, utilizing the closing checklist to identify and monitor progress of items required to close the transaction

Engage/coordinate outside consultants necessary for the transaction including legal counsel and construction consultant

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 client, Sales, legal counsel, title agent, construction consultant, Servicing Officer and all other necessary parties during 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; 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; 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 transaction (and utilizing various appropriate systems for management of such fees and charges)

Provide required documentation for booking transaction and fees

Utilize system for timely updates on deal status, and ensure all documentation is in place for timely uploaded and ensure all documentation is maintained in digital closing file

Utilize internal Compliance Applications in order to ensure adherence to all governmental and fiduciary laws, including OFAC and Patriot Act

Clearly and immediately communicate problems/issues with appropriate elevation of such problems/issues and assist in the resolution of such issues affecting client service and risk management

Adherence to timeframes for all required training

Qualification

Commercial real estate financingLoan documentation analysisMulti-bank loan syndicationsConstruction loan financingParalegal trainingClient service skillsCommercial loan accountingProblem-solving skillsDecision-making abilityMicrosoft ExcelMicrosoft WordPlanning skillsWritten communicationVerbal communicationOrganizational skills

Required

4-year College Degree or equivalent real estate business experience

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; detail-oriented

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

Preferred

Paralegal training, law degree and/or LPO license preferred

Experience with closing process and real estate loan financing including commitment/loan structures, title/liens, insurance, loan documents, contracts, leases, AIA document, project budgets and other legal documentation and compliance with governmental legal requirements (Familiarity of HCG product a plus)

PC proficiency including familiarity with Microsoft Excel and Word