Associate Post Closing Specialist
$41,122–$66,810 year
On-siteWilmington, North Carolina, United States
Job Summary
Analyze loan documentation to identify missing items, errors, and potential risks in commercial loan files post-closing. Conduct thorough reviews of collateral records and unique loan products to ensure accuracy and mitigate risks through recommendations to management. Collaborate with closing, underwriting, credit, legal counsel, and compliance teams to resolve issues and prepare files for multiple annual audits. Assess documentation against regulatory guidelines including the Bank Secuity Act, CIP, Regulation B, and Anti-Money Laundering requirements. Manage shifting priorities while maintaining high accuracy and detail orientation.
Required Qualifications
- Associate or bachelor's degree
- Customer service and/or a job that required teamwork
- Excellent oral and written communication skills
- Must be detail oriented
- Must be able to use sound judgement in making decisions
- Must be capable of identifying loan documentation and analyzing if it is missing and/or may have errors that need to corrected
- Must be able to conduct thorough reviews of basic commercial loan files post-closing to identify any potential risks or discrepancies in missing loan documentation and/or collateral records
- Must be able to review the loan to ensure accuracy, including understanding the specifics of several types of unique loan products and/or collateral types
- Must be knowledgeable and able to identify issues in relations to bank compliance guidelines such as the Bank Secrecy Act, CIP, Regulation B, and Anti-Money Laundering requirements, as well as internal policies and procedures
- Must be able to function as a team
- Must be able to realize all members of the team are vital to its success
- Must be able to collaborate across teams and departments in the organization
- Must be able to follow regulatory requirements
- Must be highly coachable
- Must be open to feedback
- Must be willing to learn and gain a basic understanding of bank systems
- Must be able to gain a thorough knowledge and understanding to stay current with products and services offered by the bank
- Must be able to manage shifting priorities and timelines
- Must be able to perform other duties as required
- Must be willing to cross-train
Desired Qualifications
- Equivalent work experience in commercial loan post-closing or a similar role
- Experience with SBA and/or conventional lending
- Experience with paralegal real estate work, loan closing, or credit operations
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