Job Information
Peapack-Gladstone Bank Commercial Loan Closer in Bedminster, New Jersey
Description
Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.
What makes Peapack-Gladstone Bank different from our competition? We are an institution that’s over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year, by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!
Commercial Loan Closer Summary:
Lead the closing process for all loan products supported by the Commercial Loan Closing Team which may include the following lines of business: Commercial Real Estate (CRE), Multifamily, Commercial and Industrial (C&I), Healthcare, Wealth and Community Banking.
Responsibilities:
Coordinate with all parties involved to manage the to the expected closing date.
Execute a prudent closing process for all loan products including new loans, amendments, extensions, modifications, and renewals.
Evaluate all closing documentation to ensure all pre-closing conditions and issues have been appropriately identified and accurately addressed.
Confirm KYC and CIP have been completed.
Determine and ensure adequate insurance is obtained prior to closing including flood determination.
Perform all searches, escrow analysis and escrow holdbacks.
Prepare, review, and approve the closing package and settlement statement.
Actively engage and manage all vendors involved in the transaction.
Review legal documents for completeness and accuracy.
Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.
Follow-up with Counsel if full closing package is not received within 10 business days of Closing.
Post funding complete the booking sheet in accordance with timeframes in the booking procedure.
Complete all checklists and hand-off collateral documents to loan operations.
Identify exceptions that require post-closing follow-up.
Maintain ongoing awareness of all legal and regulatory changes that may affect closing procedure.
Escalate early and appropriately.
Assist with audit requests and special projects.
Qualifications:
Bachelor Degree in Business Related Field preferred
Minimum 5-7 years working in a Commercial Lending Department or Bank Environment
Significant knowledge of Commercial Lending Credit Agreements
Effective oral and written communication skills
Effective customer service skills-internal and external
Detail oriented
Superior multi-tasking skills
Experience with basic office programs and equipment including Microsoft Office
Knowledge of Jack Henry System Silverlake a plus, not a requirement
Knowledge of Syntrak a plus, not a requirement
Benefits
Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)