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Securian Financial · 1 week ago

Commercial Mortgage Loan Closer

St Paul, MN

Full-time

Hybrid

Mid, Senior Level

$56K/yr - $103K/yr

3+ years exp

Securian Financial is a company that drives the success of commercial mortgage investment operations. In this role, you’ll ensure smooth closings, maintain compliance, and partner with stakeholders to deliver exceptional results while improving processes and supporting strategic goals.

Financial ServicesInsuranceLife Insurance

Responsibilities

Upon Investment Committee approval, transition commercial mortgage loan closing process from origination analyst. Responsible for originating checklist from SecurianAM, tracking deal progress, interfacing with in-house counsel, business analyst, outside counsel, and business and closing counterparts in mortgage banking companies

Work with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use

Assist portfolio managers, analysts, attorneys, internal and external auditors, and other departmental staff to identify solutions for problems that arise in connection with the investment transactions

Review and approve the information contained in each item of credit, borrower and collateral property due diligence. Determine that the due diligence conforms to the requirements specified in the origination documents including the loan approval and final commitment letter to the borrower

Approve the property insurance, ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral

Work with the Manager, Commercial Mortgage Investments in reviewing requests and facilitate the drafting of documents for amendments, consents and waivers for currently held assets and identifies issues, interpret loan documents and summarize terms for attorneys and/or investment officers

Coordinate title insurance, surveys, organizational documents, third party reports and other information to maintain consistency in closing process

Monitor and direct cash deposits for each transaction; authorize Lender’s funding wires

Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds

Qualification

Commercial loan closingReal estate knowledgeLegalFinancial conceptsThird party report analysisReal estate lease reviewAnalytical skillsPC software knowledgeCommunication skillsOrganizational skillsAttention to detail

Required

Knowledge of real estate, preferably in commercial loan closing

Ability to read and comprehend third party reports (Environmental, Appraisal and Engineering) for accuracy and relevancy

Experience reviewing real estate leases for both business and legal issues

Understanding of legal and financial concepts and practices with the ability to extract and analyze critical information from business and legal documents

Strong math, analytical, and critical thinking skills with strong attention to detail

Strong communication skills to establish and maintain effective interaction with outside counsel, brokers, mortgage bankers and counterparts

Excellent organizational skill and the ability to manage multiple, time sensitive tasks and make independent decisions

Knowledge of PC software, Salesforce, Microsoft Word and Excel

Preferred

3+ years experience as a Commercial Loan Closer or equivalent paralegal, loan officer, or underwriting experience in a real estate lending area

Bachelor's Degree in related field and/or equivalent combination of training and experience in the real estate lending environment

Benefits

Paid Time Off

Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs.