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Commercial Loan Closing Manager I

Fifth Third BankFarmington Hills, MI

$71,100 - $145,900 / year

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Overview

Schedule
Full-time
Career level
Director
Remote
On-site
Compensation
$71,100-$145,900/year
Benefits
Health Insurance
Family/Dependent Health
Paid Vacation

Job Description

Make banking a Fifth Third better

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

The Commercial Loan Closing Manager I directs the work of a team of loan closing professionals responsible for all aspects of commercial loan due diligence, documentation, and closing execution. This includes satisfaction of approval conditions prior to loan documentation preparation. The role partners closely with Relationship Managers (RM), Portfolio Managers (PM), Underwriters (UW), Legal, and other internal partners to ensure accurate interpretation of credit approvals and timely progression of transactions. The position plays a central role in coordinating activities across stakeholders to drive successful closing outcomes. Responsible and accountable for risk by openly exchanging ideas and opinions, escalating concerns as appropriate, and ensuring adherence to policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Provides day-to-day leadership and oversight of loan closing activities.
  • Serves as primary point of coordination and issue resolution for loan closings.
  • Reviews credit approvals and interprets closing conditions.
  • Ensures due diligence supports accurate documentation and lien perfection.
  • Confirms satisfaction of closing conditions and addresses deficiencies.
  • Partners with internal stakeholders to ensure alignment.
  • Maintains communication on transaction status and timelines.
  • Supports risk-based decision making within established authority.
  • Monitors pipeline, workload, and timelines.
  • Identifies and leads process improvement initiatives.
  • Ensures compliance with policies and regulatory requirements.

SUPERVISORY RESPONSIBILITIES:

  • Manages a team of loan closing professionals.
  • Provides feedback, coaching, and development.
  • Builds succession plans and talent pipeline.
  • Recognizes and rewards performance.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • Bachelor's degree or equivalent work experience required.
  • 6-8 years of commercial lending experience.
  • 2+ years leadership or supervisory experience.
  • Strong knowledge of loan documentation and credit policy.
  • Strong decision-making and judgment skills.
  • Effective communication and stakeholder coordination.
  • Ability to drive process improvement and efficiency.
  • Proficiency in Microsoft Office and banking systems.

WORKING CONDITIONS:

Normal office environment with extended computer use.

Commercial Loan Closing Manager I

Total Base Pay Range 71,100.00 - 145,900.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Rosemont, Illinois 60018

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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FAQs About Commercial Loan Closing Manager I Jobs at Fifth Third Bank

What is the work location for this position at Fifth Third Bank?
This job at Fifth Third Bank is located in Farmington Hills, MI, 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 Fifth Third Bank?
Candidates can expect a pay range of $71,100 and $145,900 per year.
What employment applies to this position at Fifth Third Bank?
Fifth Third Bank lists this role as a Full-time position.
What experience level is required for this role at Fifth Third Bank?
Fifth Third Bank is looking for a candidate with "Director" experience level.
What benefits are offered by Fifth Third Bank for this role?
Fifth Third Bank offers following benefits: Health Insurance, Family/Dependent Health, Paid Vacation, and Health & Wellness Programs 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 Fifth Third Bank?
You can apply for this role at Fifth Third 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.