VP, Commercial Loan Closer - CEF

First Citizens Bank hiring for VP, Commercial Loan Closer - CEF jobs in Prospect Park, NJ, US

First Citizens offers you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

As a VP, Loan Closer you will lead the closing, booking and funding process for all CEF Loans & Leases. You will work closely with the Closers to effectively communicate closing conditions to the RMs/Clients and oversee the review of legal documents to ensure documentation complies with the Bank’s Policy & Procedures and accurately reflects the transaction details for assigned portfolio.You will also interact closely with UW’s/PM’s and Team Leaders to ensure a smooth hand-off between the teams and resolves any issues or challenges.

Job Responsibilities:

• Lead the closing, booking and funding process for all CEF Loans & Leases.
• Works closely with the Closers to effectively communicate closing conditions to the RMs/Clients and oversee the review of legal documents to ensure documentation complies with the Bank’s Policy & Procedures and accurately reflects the transaction details for assigned portfolio.
• Interacts closely with UW’s/PM’s and Team Leaders to ensure a smooth hand-off between the teams and resolves any issues or challenges.
• Manage multiple day to day lease/loan administrative & collateral servicing items (e.g. partial or full releases of titles and/or UCC liens; resolving insurance renewals; payoffs).
• Acts as a peer to the Sales, UW and PM Team Leaders in the delivery of the Credit Products.
• Understands and ensures that all appropriate Compliance Requirements are met (Flood Rules, KYC, BSA, CIP, OFAC, Credit Approval, DAP, Credit Files, SOX and Internal Audit).
• Involves the deal Sr. UW and exercises sound judgment with closing documentation and/or collateral exceptions, escalating to LMO Head or CF Chief UW Officer as appropriate.

The base pay for this position is relative to your experience but the range is $90,000 - $110,000/Yr. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.

Basic Qualifications:

• Bacherlor’s degree and a minimum of 6 years experience in Equipment Lease and Loan Closing roles

Other/Preferred Qualifications:

• Loan IQ / InfoLease and similar related systems knowledge
• Strong legal document comprehension and attention to detail
• Strong knowledge of Equipment Finance Lease and Loan Products
• Strong organizational skills, interpersonal and people development skills and the ability to handle multiple tasks under tight time constraints