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Commercial Real Estate Loan Closer

Truist

Truist

Atlanta, GA, USA
Posted on Tuesday, July 2, 2024

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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:

*Position will work on site at a location listed in the job posting.*

Supports the Closing Function and maintains responsibility for the loan closing process from term sheet through funding with internal deal team, the client, and third parties. Accountable for ensuring that deal is in compliance with the Company credit policies, procedures, approvals, and regulatory requirements. Focus is on transactions of high size, risk, complexity and/or industry specialization (focusing on a mix of secured and unsecured transactions, and limited industry specialization) as well as agented transactions including Left Lead deals and Loan Sales Trading Transactions.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Following 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. Review and Execution of Legal Documentation
2. Knowledge of Loan Closings and Lending Regulatory Requirements
3. Pro-Active in Identifying and Manage Risks
4. Working Knowledge of Participations and Syndications
5. Knowledge in Reviewing Title Work, Surveys, Lien Filings and Collateral
6. Working Knowledge of Specialty Lending, i.e. NMTC, LSTA and Complex Large Corporate deals
7. Meeting and/or Exceeding Clients' expectations

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. College Degree or 3 Years of experience in credit operations, loan consultation, loan administration, execution of Legal Documentation and loan origination, real estate construction, banking operations (documentation, client service, accounting) or related field(s)
2. Proficiency with MS Office applications
3. Strong Organizational skills and the ability to handle multiple tasks under tight constraints
4. Basic commercial credit knowledge and Loan Accounting Experience
Preferred Qualifications:
1. Bachelor degree in Accounting or Finance
2. Paralegal experience with Wholesale Lending transactions from the lenders perspective
3. Knowledge of Origination commercial loan system (NCino), AFSVision or LoanIQ as well as basic loan structures and hierarchies

4. Low income Tax Credit (LIHTC) experience

5. Commercial Real Estate Closing experience

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 supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals 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.

EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify