Commercial Loan Closing & Servicing Officer

Company Description

The Bucks County Industrial Development Authority (BCIDA) is the primary economic development agency for Bucks County, guided by the Bucks County Board of Commissioners. BCIDA is dedicated to fostering economic growth by supporting local businesses, enterprises, and entrepreneurs. The organization collaborates with various for-profit and not-for-profit entities to implement the County’s economic development initiatives. Through its efforts, BCIDA drives sustainable growth and strengthens the local economy.

Role Description

BCIDA is seeking a detail-oriented and highly organized Commercial Loan Closing & Servicing Officer to support the closing, funding, and servicing of commercial and public finance transactions. This position plays an important role in advancing projects that drive economic growth throughout Bucks County.

The ideal candidate will be experienced in commercial lending, loan servicing, settlement coordination, or economic development finance and will be comfortable managing multiple transactions at once. This individual will work closely with borrowers, banks, attorneys, title companies, consultants, and public agency partners to move projects efficiently from approval through closing and into servicing.

Key Responsibilities

• Coordinate and manage loan closings for BCIDA financing programs, including PIDA, MELF, SBF, revolving loan funds, and related economic development financing initiatives
• Review loan approvals, commitment terms, and closing conditions to ensure all requirements are satisfied prior to funding
• Organize and track closing checklists, due diligence items, and required documentation
• Verifies all loan information pertaining to small business and commercial lending in preparation for final loan documentation for closing
• Reviews document preparation folders for completeness and accuracy
• Obtains additional needed information through a variety of methods in order to ensure that the proper preliminary documentation has been obtained prior to the preparation of final loan documentation, i.e. articles of incorporation, business agreements, certificate of good standing, appraisals, automated underwriting findings, investment account statements, etc.
• Coordinate with borrowers, lenders, attorneys, title companies, appraisers, environmental consultants, and other third parties throughout the transaction process
• Maintain complete and accurate loan files in compliance with BCIDA policies and program requirements
• Monitor post-closing servicing obligations, including insurance renewals, financial reporting, job tracking, and borrower compliance items
• Assist with loan modifications, subordinations, payoffs, releases, and other servicing matters
• Support reporting for management, Board review, lenders, auditors, and funding partners
• Assist with other BCIDA financing activities and special projects as needed

Qualifications

• Associate’s degree or bachelor’s degree in business, finance, public administration, real estate, legal studies, economic development, or a related field preferred. Relevant professional experience may be considered in lieu of formal education requirements
• Minimum of 2 years of relevant experience in commercial loan closing, loan servicing, commercial banking, title/settlement coordination, legal documentation, or economic development finance preferred.
• Strong written and verbal communication skills
• Strong organizational and file management abilities
• Attention to detail and accuracy in documentation review
• Ability to manage multiple transactions and deadlines simultaneously
• Proficiency in Microsoft Word, Excel, and general document/file management systems
• Working knowledge of commercial loan documentation and closing requirements
• Familiarity with title, collateral, insurance, entity, and settlement documentation
• Ability to coordinate effectively with attorneys, lenders, consultants, and borrowers
• Familiarity with public financing programs such as PIDA, SBA 504, revolving loan funds, or similar programs preferred

What We’re Looking For

Unlike a traditional commercial bank closing role, this position is expected to operate within a public-purpose financing environment. The ideal candidate will understand the importance of:

• Managing transactions with strong documentation and compliance discipline
• Coordinating among public and private stakeholders
• Supporting financing programs tied to job creation, business growth, and community impact
• Balancing responsiveness to borrowers with adherence to program and public-sector requirements
• Someone comfortable working in a small, mission-driven, team-oriented environment
• A candidate who understands the importance of economic development, public benefit, and responsive project execution

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer.

Why Join BCIDA

This is an opportunity to help finance projects that support business growth, job creation, and investment throughout Bucks County. If you are a strong transaction manager who values mission-driven work and public impact, BCIDA offers a chance to play a meaningful role in the county’s economic future.

Bucks County Industrial Development Authority is an Equal Opportunity Employer