Sr. Closing Officer or Lead Closing Officer – Healthcare Group – Hcg – And Institutional Real Estate – Ire
| Company | KeyBank |
|---|---|
| Location | Cheektowaga, NY, USA, Brooklyn, OH, USA, Albany, NY, USA, Denver, CO, USA |
| Salary | $60000 – $95000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- 4-year College Degree or equivalent real estate business experience
- Paralegal training, law degree and/or LPO license preferred
- 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
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
Preferred Qualifications
- Paralegal training, law degree and/or LPO license preferred
- Familiarity of HCG product a plus