Commercial Loan Closing Coordinator II
Coordinate key aspects of commercial loan closings, manage workflow, and enjoy robust benefits. Ideal for organized candidates with financial experience seeking career growth.
The Commercial Loan Closing Coordinator II position offers a competitive hourly rate ranging from $26 to $33. This is a full-time, mid-level opportunity at a reputable financial institution. Employees enjoy access to inclusive benefits, including paid time off, robust medical coverage, a 401(k) plan, and company-supported career development programs.
Applicants should bring at least 3 to 5 years of relevant experience and a high school diploma or GED, though a bachelor’s degree is valued. Proficiency with loan documentation processes, excellent communication skills, and solid attention to detail are essential for success in this role. Experience with specialized software, particularly LaserPro, is a plus but not a requirement.
Job Responsibilities and Daily Tasks
The main focus of this coordinator role is to oversee the preparation and closing of SBA, Business Banking, and Middle Market loans. Daily, you will review loan documents for accuracy and compliance, prepare necessary paperwork, and coordinate closing logistics with internal and external stakeholders. You will also manage due diligence tasks, handle financial calculations, and engage directly with lenders and borrowers to ensure all requirements are satisfied. Precision and organizational skill are critical for maintaining an efficient workflow and seamless closings.
Noteworthy Pros
The benefits package stands out, covering health, dental, vision, and life insurance, as well as retirement savings through a 401(k) plan. Another strong positive is the company’s support for professional growth, offering tuition reimbursement and loan repayment programs—an attractive feature for those seeking career advancement.
Potential Cons
As with many banking roles, workload can be substantial, requiring the ability to juggle multiple loans simultaneously. Additionally, attention to detail is constantly tested, and pressure to meet deadlines may be felt during high-volume periods.
Final Verdict
The Commercial Loan Closing Coordinator II position is well suited for organized, detail-focused professionals who thrive in regulated financial environments. If you have a few years of experience and are ready to step up your career—while enjoying solid benefits—this could be an excellent match.
