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M&T Bank · 14 hours ago

Commercial Closing Officer I

Boston, MA

Full-time

Onsite

Entry Level

$30.16/hr - $50.26/hr

2+ years exp

M&T Bank is a financial institution seeking a Commercial Closing Officer I. The role involves ensuring the completion and delivery of the Bank’s commercial closing capabilities for assigned loans, working closely with the account relationship team to document and close loans accurately and timely.

Financial Services

Responsibilities

Validates that Loan Closing Documentation and all pre-closing Due Diligence Requirements have been met for each loan and align with approved credit terms and regulatory requirements and are properly reflected in the commercial loan system

Reviews, interprets, and validates the loan documentation for each unique loan, assuring key provisions are documented as per M&T Legal guidance and as advised in the Outside Counsel Manual

Completes the Commercial Closing Checklist, ensuring all required documents are complete and necessary data to close, fund and book have been captured correctly within established deadlines. Submits competed Commercial Closing Checklist to Senior Closing Officer for review and to obtain ‘Clear to Close’

Follows up 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. Coordinates with co-workers and Team Leader to troubleshoot and resolve escalated problem situations, exception requests, and deviations from day-to-day business processes. Communicates and partners effectively with co-workers, working as a team player, and helping to create a positive team environment

Obtains confirmation of loan closing, and of the satisfactory review of executed loan documents from Senior Closing Specialist and arranges and confirms loan funding and booking

Maintains up-to-date knowledge of processes, procedures and escalation guidance related to deliver accurate, timely and complete closing capabilities

Manages time to be able to meet deadlines while potentially working with multiple partners on multiple and/or concurrent closing requests, including being able to work with partners on ‘last minute’ modifications. Notifies Team Leader when support and escalation is needed

Assists and provides back up to other closing team members when necessary to fulfill incoming or in process requests

Attends regularly scheduled departmental training calls to maintain current knowledge of procedures, regulatory updates, and commercial products

Reports customer complaints to the Office of Customer Advocacy as 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

Commercial loan closingLoan documentationRegulatory complianceDetail orientationInterpersonal skillsTeamworkSelf-motivatedTime managementVerbal communicationWritten communication

Required

Bachelor's degree and a minimum of two (2) years related commercial loan closing, commercial loan documentation, commercial loan operations, or commercial loan administration experience or in lieu of a degree, a combined six (6) years' higher education and/or work experience, with a minimum of two (2) years related commercial loan closing, commercial loan documentation, commercial loan operations, or commercial loan administration experience

Knowledge of the commercial closing process and procedures, loan documentation, loan policy, applicable regulations, and affiliated technology

Strong detail orientation for use examining information and identifying and resolving or escalating issues

Strong interpersonal skills necessary for business partner relationships within and outside the organization

Ability to work individually as well as a member of a team

Self-motivated, well-organized individual

Ability to work under time constraints and handle multiple tasks in support of various assignments

Good verbal and written communication skills