Senior Commercial Loan Closing Specialist

Pittsburgh, Pennsylvania - United States; Villanova, Pennsylvania - United States; New York, New York - United States; Edison, New Jersey - United States; Cleveland, Ohio - United States
Full-time
$60,000.00-$127,200.00
Posted Nov 10, 2026

Skills

Accounting

Job description

Job Description Summary

Manage financial transactions, prepare performance reports, handle complex finance administration projects, and reconcile accounts.

Job Description

Summary of the Position:

The Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and C&I loans (these include new loans, loan renewals, loan modifications with a variety of structures, collateral, rates and terms), ensuring quality, completeness and accuracy. The position will work closely with the assigned Loan Administrator, Portfolio Manager, Relationship Manager, Borrower, Legal Counsel and Third Parties. This Role will have a high concentration of Construction and Agented Transactions. The role will be expected to perform the necessary due diligence to successfully close these transactions with minimal supervision. Examples of this work will be to complete the necessary Flood due diligence, Review and Opine on the Plan and Cost Report, confirm the accuracy of Insurance and the creation of Pro Rata’s for Agented Transactions. This information will be reviewed and compared against loan approvals and draft documents, ensuring all closing conditions and expectations have been met and closing can occur.

Essential Functions of the Position:

•Reviews complex loan documents, initiates and drives deal closing calls that include internal and external deal team members and counsel.

•Ensures documentation accurately reflects the intentions of the credit approval.

•Facilitates teamwork and continuity.

•Proactively pursues gaining new knowledge to perform effectively in the role

•Prepares funding requests and ensure accurate and complete funding information to ensure a timely closing

•Ensures transactions are closed in compliance with the Bank’s loan policy and any other requirements designated by the credit approval.

•Works with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing.

•Liaises and coordinates pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders).

•Demonstrates ability to balance required regulatory and policy requirements when making decisions.

•Ensures Know Your Customer “KYC” requirements have been met prior to closing a transaction.

•Resolves issues that might impede closing and use judgement to involve the manager and internal counsel when required.

•Completes post-closing steps to ensure that all necessary documentation is received by downstream partners.

•Monitors and clears loan exceptions

•Develops, designs, and follows inter-departmental controls and risk reducing processes.

•Positively accepts change and engages with team and relevant stakeholders.

•Engages in raining and Process Improvement Initiatives

Education and Experience Requirements:

•Post-secondary degree preferred

•Minimum 7 - 10 years of experience, including 5 years of bank operations processing, loan closings or related experience

•Commercial Real Estate experience

Essential Skills and Abilities:

•Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts

•Job may require additional hours of work during peak periods to meet service levels

•Must demonstrate strong follow-up skills and the ability to prioritize tasks effective

Education

Bachelor’s - Completed: Accounting, Bachelor’s - Completed: Business Administration, Bachelor’s - Completed: Finance

Work Experience

General Experience - 6 to 10 years

Certifications

Salary Range

$60,000.00-$127,200.00

Travel

Less than 25%

Workstyle

Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

•Grow professionally and inspire others to do the same

•Work with and through others to achieve desired outcomes

•Make prompt, pragmatic choices and act with the client in mind

•Take ownership and hold themselves and others accountable for delivering results that matter

•Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.