Closing Specialist Senior Team Lead - Equipment Finance (EF)

Truist BankHunt Valley, Maryland

$108,000 - $135,000 / year

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Overview

Schedule

Part-time

Career level

Director

Compensation

$108,000-$135,000/year

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Job Description

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

In supporting the Equipment Finance (EF) LOB, the Team Lead needs to have in-depth experience with both documentation and closing procedures for commercial loans and leases. The Team Lead should also have expert level knowledge of lien perfection method based on asset type, nuances between tax and non-tax leases, and capital markets/indirect business (both buy and sell). Responsible for managing all activities of Closers, in an assigned LOB or Sub-LOB including assuring timely and efficient processes and quality control. Manage, coach and develop Closers to ensure teammates are delivering a positive client experience while maintaining required controls. Works with Closers to effectively communicate closing conditions to RMs/Clients. Interact closely with Underwriting Team Lead, Loan Servicing Team Lead and Portfolio Admin Team Lead to ensure smooth hand-offs between and Underwriting, Loan Servicing and Portfolio Administration and resolve any issues or challenges. Leadership includes mentoring entry level teammates, as well as, coaching highly experienced teammates with extensive closing expertise. Acts as a peer to sales Team Leads and Portfolio Management team leads in the delivery of the credit product.

The annual base salary for this position is $108,000.00 - $135,000.00. Additional incentive pay is available for this position.

ESSENTIAL DUTIES AND RESPONSIBILITIESFollowing is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. List the major responsibilities generally associated with the role (5-7 major responsibilities with no more than 10) that an incumbent in this job is expected to accomplish. Please use numbers to separate each distinct responsibility.

1. Responsible for the direct management and oversight of teammates in the Closing Function.

2. Review and Execution of Legal Documentation

3. Strong Knowledge of Loan Closings and Lending Regulatory Requirements

4. Ensure all closing information was complete and accurate, all standards, guidelines, policies and procedures and regulations were followed

5. Responsible for independent judgment and decision making on enforcing controls in the closing process.

Authority to stop a closing if all conditions were not met

6. Assist with managing the team's workflow and priorities for closings

7. Identify opportunities to improve quality and completeness of closing requests received by Closers

8. Facilitate timely workflow and manage cycle times

9. Routinely and actively engage with teammates and consistently utilize and model a one-team approach

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. 10 years of experience in credit operations, loan consultation, loan administration, loan origination, real estate construction, banking operations (documentation, client service, accounting) or related field(s)

2. 10 years of experience in the execution of legal documentation and associated processes

3. Proficiency with MS Office applications

4. Management Knowledge

Preferred Qualifications:1. Bachelor degree or certificate in related field2. Paralegal experience with Wholesale Lending transactions

3. Knowledge of booking loan and lease transactions

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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FAQs About Closing Specialist Senior Team Lead - Equipment Finance (EF) Jobs at Truist Bank

What is the work location for this position at Truist Bank?

This job at Truist Bank is located in Hunt Valley, Maryland, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Truist Bank?

Candidates can expect a pay range of $108,000 and $135,000 per year.

What employment applies to this position at Truist Bank?

Truist Bank lists this role as a Part-time position.

What experience level is required for this role at Truist Bank?

Truist Bank is looking for a candidate with "Director" experience level.

What benefits are offered by Truist Bank for this role?

Truist Bank offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Disability Insurance, Life Insurance, Paid Holidays, Paid Vacation, Paid Sick Leave, and 401k Matching/Retirement Savings for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at Truist Bank?

You can apply for this role at Truist Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.