Commercial Loan Closing Coordinator II

Bethlehem, Pennsylvania



The Provident Bank, a multi-billon dollar New Jersey based bank with branches in New Jersey and eastern Pennsylvania is seeking candidates with 3 - 5 years Commercial Loan Closing experience in our Bethlehem, PA office.


Starting salary for this position will range from $44,300 to approximately $61,000 based on qualifications and experience.



This position is considered at the Intermediate level.  The position’s role is responsible for facilitating document preparation and closing of SBA, Business Banking and Middle Market Loans.  Acts as a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals.  Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction.                      



Reviews proposed loan documents for conformance with the loan approval/ commitments.  This includes organization of the file, review of the closing documents for accuracy, assuring receipt of all required closing documentation, due diligence and compliance and satisfaction of all closing conditions and covenants.  Is responsible for loan set-up including completion of loan input sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers and wire verification.


Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure the closings takes place in a timely fashion.


Ensures proper setup of LaserPro prepared documents and attorney prepared documents, which varies from Commercial Loans, CapEx Lines, Lines of Credit, Term Notes and occasionally, CRE construction loans.


Immediately following all closings, the Closing Administrator coordinates post closing items with the post closing administrator.


Responsible for confirming that the loan was properly established on the system by   

Loan Operations.


Interacts with lenders and borrowers as to the submission of all required advance documentation.   


Calculates closing advance figures.  Reviews thoroughly the loan approval documentation.                                                       


Reviews borrower’s requisition for accuracy and compliance with loan approval. Funding the loan documents and confirming fundings; when necessary, coordinate monthly advances with Borrower, inspecting engineer, title company and Relationship Manager.


Perform all required due diligence for all closings and  loan advances; such as confirm interest payments are current and that insurance and tax payments are all current and in good standing.


Creates and verifies loan closing statements/ with approved closing figures; funding criteria, loan allocations


Consistently updates the loan closer reports and/or construction loan reports. Keeps the Lender updated as to the status on each loan in process.


Reviews Loan documents for required release consideration; issue partial release letters and/or modification documents.      


Maintains the loan files on a current basis at all times; responds to customer inquiries;

assists the Relationship Manager; facilitates communications with Loan Operations. 

Post closing follow-up to ensure that all required documentation is received.    


Performs other related duties as required.                                              








       Extensive knowledge of commercial Loan Closings and ability to apply such knowledge.

       Ability to Communicate clearly and effectively in both and written and oral scenarios.

        Proficient with software and systems programs (Microsoft Office). Knowledge of LaserPro

        document preparation a plus.

        Ability to manage heavy workflow, resolve problems with modest supervision, attend to

        detail and perform arithmetic calculations.



Bachelor’s degree preferred but experience can substitute.



       3 to 5 years



        Licenses and Certifications                                                    Expiration Date




       Work is typically performed in an office environment.  Noise levels are usually moderate.



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


This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.


We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.



About Provident Bank

For more than 175 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 $28,000 in 2018. No item or donation is too small; we find a home for it all.

Nearest Major Market: Allentown