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Closing Specialist

Company: M&T Bank
Location: Hanover
Posted on: January 11, 2022

Job Description:

Overview:Responsible for ensuring that due diligence requirements for commercial loans scheduled to close have been met and these facilities have been documented in compliance with Company policies, procedures and government regulations. Manages pre-close due diligence responsibilities for an assigned pipeline of all loan types relative to the line of business supported. -- -This position serves as the first line of defense, adhering to the necessary controls, to mitigate unnecessary exposure to risk.-- - Primary Responsibilities:Validate that loan closing documentation, KYC, and due diligence requirements have been met for each deal. Communicate disposition of pre-close review to regional team-- - (e.g. Relationship Manager, Portfolio Manager, Sr Closing Specialist, and Commercial Service Supervisor), requesting changes/updates when appropriate. Acts as an escalation point for Flood and LIBOR.Determines whether the deal has been internally or externally prepared and performs pre-close review in accordance with corresponding requirements, including validation (when appropriated) that external counsel is on the approved list. Responsible for validating that all appraisals, environmentals, and flood certifications meet established requirements or that an exception has been provided. Meet established turnaround time for documentation and due diligence review, allowing time for changes when appropriate.Deliver high quality service, while ensuring accuracy and timeliness of delivery.Communicate and partner effectively with other departments in the Bank and work as a team player to establish exemplary partnerships with all co-workers and create a positive team environment. Demonstrates the ability to communicate effectively with regional team and other internal partners to address discrepancies/issues found during due diligence/loan closing review process.Manages closing pipeline/manages calendar for all loan closings. Maintains up-to-date knowledge of procedural and regulatory process and system changes related to this body of work. Possess the ability to meet deadlines by working-- - on the validation of pre-close due diligence requirements for concurrent closing requests, allowing time for-- - "-- -last minute' modifications.-- - Notifies Supervisor when support is needed. Performs final review of loan closing package prior to funding to ensure compliance with all pre-close due diligence requirements.Responsible for the reconciliation of weekly, monthly, and quarterly reporting for assigned role.Actively participates on departmental projects and committees as needed.Coordinates with Supervisor to troubleshoot and resolve escalated problem situations, exception requests, deviations from day-to-day business processes. Involve Commercial Operations Manager when needed in absence of Supervisor.Assist and provide back up to other pre-close due diligence team members when necessary to fulfill incoming requests.Attend regularly scheduled departmental training calls to maintain current knowledge of procedures, regulatory updates, and Commercial Products. Assist other staff members with understanding what has been communicated.Report customer complaints to the Office of Customer Advocacy when appropriate.Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.Other duties as assignedAdhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.Promote an environment that supports diversity and reflects the M&T Bank brand.Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.Complete other related duties as assigned.Scope of Responsibilities:Incumbent is a liaison between lenders, attorneys, internal legal and document preparation departments and others as may be needed to meet loan closing deadlines and resolve relevant issues.Incumbent works as part of the account relationship team to build strong customer relationships while preserving the Bank's strong credit culture - each component critical to the success of our customers and company.-- -Incumbent must be able to plan, organize and produce results; as well as provide technical, functional and operational expertise in department work policies and procedures.Position requires a thorough knowledge of business, applicable regulations and affiliated technology.Position has some uncertainty with established parameters for solutions, and possesses moderate risk to organization. Supervisory/ Managerial Responsibilities:None Education and Experience Required:Bachelor's degree in applicable field, plus a minimum of 2 years' Commercial Banking and Customer Service experience, or in lieu of a degree, a combined 6 years' higher education and/or work experience, with a minimum of 2 years' Commercial Banking and Customer Service experience.Knowledge of required legal documentation, loan structure, commercial real estate, paralegal experience helpful.Experienced in lending operations to include commercial loan approvals.-- --- -Proficiency with personal computers as well as pertinent software packages. Education and Experience Preferred:Knowledge of applicable products, systems and workflows.Excellent attention to detail.Excellent verbal and written communication skills.Ability to work individually as well as a member of a team.Self-motivated, well-organized individual.Ability to work under time constraints and handle multiple tasks in support of various assignments.Ability to function professionally at many different levels (clients, management, and peers).Strong interpersonal skills necessary for business partner relationships within and outside organization.Solid knowledge of unit/department policies and procedures. LocationHanover, Pennsylvania, United States of America

Keywords: M&T Bank, Ellicott City , Closing Specialist, Other , Hanover, Maryland

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