Commercial Post-Closing Specialist

Northern BankWoburn, MA

$24 - $35 / hour

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Overview

Schedule

Full-time

Career level

Entry-level

Compensation

$24-$35/hour

Job Description

SUMMARY/OBJECTIVE:At Northern Bank, assisting small business owners grow their company is our passion. Our Commercial Lending team is focused on delivering exceptional service throughout the life cycle of a loan. From inception, through underwriting, to the loan closing process, we are committed to operational excellence, superior customer service, and continuing to help business owners succeed and grow.In this role, you will provide ongoing support to the Commercial Lending Administrator on assigned commercial accounts. The Commercial Post-Closing Specialist is responsible for the review and maintenance of commercial loan closing packages. This role ensures that documents are accurate, complete and compliant with regulatory and lending requirements.ESSENTIAL FUNCTIONS:

Review of completed commercial loan closing packages to ensure all required documents have been received and properly executed
Verify that critical loan documents such as promissory notes, loan agreements, guaranties, security agreements, etc. are complete and consistent with approved terms.
Ensure collateral documentation (e.g. Mortgages, Assignments and Pledges) is complete and consistent with approved terms.
Identify missing or defective documents and coordinate with loan officers, attorneys, and Commercial Lending Administrators to obtain corrections.
Ensure all loan files are scanned to the appropriate placeholders in nCino DocMan along with change or loan closing memos if applicable.
Confirm that required insurance certificates have been received at closing and uploaded
Maintain accurate post-closing logs through ticklers
Communicate with internal departments and external partners to resolve documentation discrepancies and ensure timely completion of post-closing tasks.
Monitor pipeline reports.
Perform additional ad hoc duties as requested.

JOB QUALIFICATIONS:

Bachelor’s degree or minimum of 1-2 years’ experience within a Commercial Bank is preferred
Thorough understanding of commercial documentation, credit memos and closing process
Proficient computer skills, including lending software as well as Microsoft Word & Excel
Proper judgment and decision-making skills
Ability to stay well organized and prioritize workflow in a multi-tasking environment
Ability to work independently as well as in collaboration with a team
Experience with nCino or Salesforce (desired but not required)

The hourly rate range for the Commercial Post-Closing Specialist is $24.00 to $35.00 per hour.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

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FAQs About Commercial Post-Closing Specialist Jobs at Northern Bank

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

This job at Northern Bank is located in Woburn, MA, 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 Northern Bank?

Candidates can expect a pay range of $24–$35 per hour for this role.

What employment applies to this position at Northern Bank?

Northern Bank lists this role as a Full-time position.

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

Northern Bank is looking for a candidate with "Entry-level" experience level.

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

You can apply for this role at Northern 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.