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Commercial Loan Closer
TCF Bank
Minnetonka, MN, United States
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TCF Bank is currently looking for a Commercial Loan Closer III to join our team. This position has the opportunity to sit in one of the following markets:
Minnetonka, Minnesota, Troy, Michigan, Burr Ridge, Illinois, Centennial, Colorado or Milwaukee, Wisconsin.
Position Summary
Actively lead the closing of commercial real estate, construction and corporate loans. Coordination of closing activities with all internal and external parties.
Major areas of Accountability
• Responsible for commercial real estate, construction and corporate loans.
• Due diligence collection and analysis of all closing items including and not limited to regulatory requirements.
• Maintain the loan closing checklists to facilitate the closing process.
• Ensure compliance with TCF Lending Policy and procedures. Reviews all attorney prepared documents for completeness and accuracy (in accordance with credit approval).
• Experience in areas of syndicated and participated loans as both an agent and member bank.
• Work with SWAP department to finalize the coordination of loans containing SWAP features.
• Collection of due diligence items including and not limited to flood, CIP/KYC, insurance and UBO.
• Processing of fees by placing into proper GL’s.
• Administers the issuance of Domestic Letters of Credit.
• Completes post-closing review of loans closed and ensures all outstanding items are received. Follow up on complete packages from law firms. Ensures document exceptions are followed up on and cleared in a timely manner. Coordinates data entry of accurate information into loan system, processes loans and structures loan files for imaging into TCF’s system of record. Ensures that all financial statement and insurance ticklers are properly set up as well.
• Reports status of loans in process and closed loans in a timely manner.
Required Experience
• Five years of commercial loan, documentation and related field experience.
• Must have knowledge of loan terminology and be familiar with the structure of loan packages.
• Must be results oriented with the ability to work independently as well as in a team environment.
• Detail-oriented with strong organizational skills and the ability to manage multiple projects efficiently and effectively.
• Strong interpersonal, verbal and written communication skills with the ability to effectively interact with internal and external individuals.
• Demonstrates ability to work well under pressure and to meet strict deadlines. Ability to independently resolve complex problems.
Build your career with TCF
You have room to grow at TCF. We promote from within whenever possible. You can expand your career in the financial services industry through our network of operations: retail and commercial banking, inventory and equipment financing, and corporate services. Established in 1923, TCF has maintained a strong foundation. TCF has over 340 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing, indirect auto finance, and equipment finance business in all 50 states, and commercial inventory finance business in all 50 states and Canada.
Build a better community with TCF
We are helping make life better in the communities we serve, and we encourage our team members to do so as well. We offer free financial education for teens and adults. Our foundation contributes more than $3 million annually, with preference for organizations where our team members volunteer. We match team members’ contributions to qualified
Organizations and we match volunteers with organizations that need the time and talents our team members can provide.
Our Benefits
TCF encourages open employee communications and promotes from within whenever possible. We offer competitive pay, a comprehensive benefits plan, and opportunities for career advancement. For more details on our benefits, click on the Employee Benefits link on our career page.
We’re proud to be an equal opportunity employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, or other status protected by applicable law. TCF is proud to be an affirmative action/equal opportunity employer. Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.