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Commercial Lending Closing Coordinator

How would you like to join one of the most highly regarded community-focused financial institutions in the Tri-State area?  Provident Bank is a high-performing, $14 billion company that continues to expand with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  Apply today and discover what our commitment to enhancing our employee and customer experience is all about.  

 

POSITION SUMMARY

The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals.  Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction. 

 

MAJOR JOB RESPONSIBILITIES

 

  • Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans.  This includes organization     of files, review of the closing documents for accuracy, assuring receipt of all required   closing documentation and compliance and satisfaction of all closing conditions and covenants.  Is responsible for loan set-up including completion of load sheets,       calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.
  • Coordinates and acts as a liaison with attorneys, Relationship Managers and other        professionals to schedule and ensure closing takes place in a timely fashion.
  • Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator.  Prepares and processes post-closing documents and reports for input to the Bank’s systems.
  • Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.
  • Assists in daily department responsibilities including customer inquiries and problem solving.
  • Prepares and processes department reports including pipeline and closing reports.  Verifies OFAC and Patriot Act information and related duties as required.  Reviews              mortgage discharges for accuracy. 

 

SUPERVISORY RESPONSIBILITIES

       None.                                                                                                                    

 

SKILLS AND TRAINING

  • Extensive knowledge of Commercial Loan closing and ability to apply such knowledge.
  • Ability to communicate clearly and effectively in both written and spoken scenarios
  • Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail and perform arithmetic calculations.
  • Proficient with software and systems programs. (Microsoft Office) Knowledge of Laser Pro document preparation a plus.

 

EDUCATION

       Bachelor’s degree

 

WORK EXPERIENCE

       5 or more years loan closing experience

 

LICENSES AND/OR CERTIFICATES

        Licenses and Certifications                                                              Expiration Date

           None

 

WORKING CONDITIONS

       Work is mainly performed in a normal office environment.  Noise levels are usually moderate.

 

HAZARDS

       The hazards are mainly those present in a normal office setting.

 

Featured benefits

  • Medical/Dental/Vision Insurance
  • Flexible Savings Account
  • 401(k)
  • Tuition Disbursement and Reimbursement
  • College Loan Pay Down Program
  • and other great benefits

 

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.