Commercial Construction Loan Closing Officer II in Raleigh, NC at First Horizon National Corporation

Date Posted: 2/7/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    333 Fayetteville Street
    Raleigh, NC
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    2/7/2020
  • Job ID:
    COMME01617

Job Description

The Commercial Loan Closing Officer II position is a specialized position responsible for providing thorough, objective analysis of the credit approval, and all supporting documentation provided across a range of commercial credit products, to construction loans, term loans, revolving lines of credit and other commercial debt. This position is expected to lead the commercial loan delivery process, including new money transactions, modifications, and legal documentation review. This position ensures collateral is perfected, legal documentation supports credit approval, and all risk controls have been met in order to approve to proceed to formal execution of closing documentation.

Essential Duties and Responsibilities:

• Act as a leader in facilitating the completion of the end-to-end closing process; and provide individual authority to proceed/stop closing process due to collateral or documentation requirements not met.

• Ability to manage transactions at various levels of complexity and timelines.

• Ability to communicate effectively with RM and/or PM on closing requirements.

• Lead the loan documentation process for both new transactions and modifications through in depth interpretation of legal documentation to identify what is being originated/modified or extended.

• Interpret and decipher related state statutes/laws to predict changes/impacts to collateral perfection, legal requirements, closing needs and legal documentation for proceed/stop for closing.

• Possess a thorough understanding of affected federal regulations to advise on additional items in order remain compliant. 

• Provide primary support and partnership to Relationship Managers (RM) and Portfolio Managers (PM) to ensure the transaction maintains strong quality, while facilitating risk control measures for the Bank.

• Works closely with senior management, RMs, PMs, Credit Risk, Compliance and Internal Audit partners to ensure that the credit remains in compliance with Bank and regulatory policies; ultimately responsible for ensuring loan collateral is appropriately assessed, perfected, risk managed and coded in accordance with bank policies and regulatory requirements.

• Coordinates interactions with the RM and/or PM; as well as, internal and/or external legal counsel to ensure that all credit approval terms and conditions are appropriately represented in the closing documents and any exceptions prior to closing are properly documented.

Education and/or Work Experience Requirements:

• High School Diploma Required; Bachelor's degree preferred

• Three to Five years of direct experience in commercial loan closing or Five to Seven years of relevant work experience in commercial lending and documentation

• Considerable knowledge of operation functions, systems, policies and procedures for the assigned area

• In-depth understanding and practical application of state statutes, laws and federal regulations

• Excellent organizational, and project management skills

• Well-developed customer relations skills

• Excellent interpersonal, verbal and written communication skills

• Ability to manage multiple tasks/projects and deadlines simultaneously

• Thorough knowledge of banking operations and commercial credits

• Individual authority to clear to close

Work Hours: Monday thru Friday from 8:00am to 5:00pm

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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)

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