Senior Closing Officer responsible for pre-closing and closing functions for credit products at KeyBank. Managing complex transactions and providing expertise to drive successful loan closures.
Responsibilities
Responsible for all pre-closing and closing functions required for credit products offered by Real Estate Capital
Maintain a volume assigned portfolio consisting of moderate to highly complex construction and tax credit equity transactions, interim loans, line of credit facilities, and standby letters of credit
Provide expertise in pre-closing process through review of items required to close
Proactively drive the loan closing process with the client, utilizing closing checklist to identify and monitor progress of items required to close
Independently manage assigned work with limited oversight from Manager
Responsible for providing superior internal and external client service while anticipating and mitigating risk to KeyBank
Lead projects and initiatives and offers suggestions to support a continuous improvement mindset
Provide ongoing coaching and mentoring to others
Requirements
Bachelor's Degree or equivalent work experience
MBA or Paralegal training, law degree and/or LPO license (preferred)
5+ years of related experience to Commercial Development and Closing and/or Commercial Construction Closing, preferably in banking or financial services
Extensive knowledge of construction and interim loan financing including underwriting, risk management and mitigation, loan closing and portfolio administration
Extensive knowledge of commercial real estate programs/products and services including low income housing tax credit (LIHTC), historic tax credit (HTC), new market tax credit (NMTC), tax exempt bonds, letters of credit (L/C's), permanent mortgages and forward commitments, interest rate protection products, etc.
Extensive knowledge of government programs for affordable housing and community reinvestment; experience with not-for-profit real estate development and sensitivity to local community needs
Significant experience with multi-bank loan participations/syndications and secondary market standards
Benefits
Eligibility for incentive compensation including production, commission, and/or discretionary incentives
Short-term incentive compensation
Deferred incentive compensation subject to individual and company performance
Flexible work arrangements
Professional development opportunities
Job title
Senior Closing Officer – Community Development Lending and Investment
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