Come work with us:

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank’s website at MCBankNY.com.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

Metropolitan Commercial Bank’s Lending Group is seeking a Loan Closing Specialist to assist our Commercial Loan Closing Manager in closing loans for a growing commercial loan portfolio. This role will assist with the loan closing process and management of the loan portfolio. The portfolio is comprised of a wide variety of property types including multifamily, nursing facilities, retail, office, hotel, and construction.

Duties and responsibilities of the job include the following (but is not limited too):

• Serve as main liaison between bank’s attorneys, internal bank parties including relationship managers, borrowers, and other external parties for all aspects of the loan closing process of Commercial & Industrial (C&I) and Commercial Real Estate (CRE) transactions.
• Coordinate with several internal bank departments throughout the closing process including the credit group to ensure closing requirements as outlined in the credit memo requirements are met, the loan operations group to pre-board new client and collateral data to bank systems and to close and fund the loans on the day of closing, and the lending deposits group to have the necessary deposit accounts opened prior to closing.
• Review attorney prepared legal documents for accuracy to loan approval and to ensure operational functionality is in-line with bank’s system capabilities.
• Prepare bank costs that can include fees, third party report costs, and debt service reserve and escrow amounts, and help prepare loan settlement statements that outline the disbursement of loan proceeds to be funded at closing.
• Run OFAC searches on necessary loan parties as per bank’s policy.
• Coordinate closing aspect of loan renewals and modifications in a similar manner to new loan closings.
• Coordinate loan payoff request process by working bank attorneys, borrowers, and loan operations department for termination documents and payoff letters.
• Work on additional tasks, assignments and projects as needed.

Preferred experience, education, and qualifications:

• 3 years of experience with commercial loan closings, preferably with a focus on healthcare loan closings (skilled nursing facilities is a plus).
• Bachelor’s degree is preferred.
• Strong analytical and computer skills with thorough knowledge of Excel.
• Detail oriented individual is essential for this role.
• Ability to multitask and work cross functionally with deal stakeholders.

• Perform quality work within determined timeframes
• Interact professionally with other employees, customers, vendors and shareholders
• Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
• Work on ad-hoc tasks, assignments and projects as needed

Potential Salary: $115,000 - $125,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.