TriState Capital Bank is an independent chartered bank subsidiary of Raymond James. Headquartered in Pittsburgh, PA, TriState Capital Bank provides premier private banking, commercial banking, and treasury management products and services to corporate, institutional, and high-net-worth (HNW) clients.
Summary of the Position:
The Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and CI 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 Training and Process Improvement Initiatives
TriState Capital Bank is an independent chartered bank subsidiary of Raymond James. Headquartered in Pittsburgh, PA, TriState Capital Bank provides premier private banking, commercial banking, and treasury management products and services to corporate, institutional, and high-net-worth (HNW) clients.
Summary of the Position:
The Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and CI 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 Training 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 effectively
TriState Capital Bank provides equal employment opportunity and advance in employment to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
TriState Capital Bank is an Equal Opportunity Employer.
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 effectively
TriState Capital Bank provides equal employment opportunity and advance in employment to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
TriState Capital Bank is an Equal Opportunity Employer.
Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor
Priority will be given to protected veterans
EOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT
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 firmAt 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 firmAt 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.