Commercial Loan Closer

Commercial Loan Closing Specialist II

Hybrid - Chandler, AZ

Pay Rate: $85,000/yr

Calculated Hire is seeking a Commercial Loan Closing Specialist II for our Fortune 100 Financial Services client.

Job Overview

As a Commercial Loan Closing Specialist, you will support commercial lending operations by reviewing loan documentation, booking and funding commercial loans, coordinating funding activities, and ensuring accurate transaction processing. This role will also help support LoanIQ adoption while maintaining operational efficiency and service levels throughout the transition.

Responsibilities

• Book, fund, and maintain commercial loan transactions in LoanIQ, ensuring compliance with credit agreements, internal procedures, and operational controls.
• Review commercial loan documentation and credit agreements to accurately establish loan structures, pricing, fees, funding requirements, and other key terms.
• Process loan originations, renewals, modifications, amendments, paydowns, and payoff transactions while maintaining data integrity and transactional accuracy.
• Coordinate funding activities, money movement requests, and transaction processing with Operations, Treasury, Loan Servicing, Relationship Managers, and other internal stakeholders.
• Research, identify, and resolve loan booking, funding, and documentation discrepancies to minimize operational risk and ensure timely processing.
• Support AFS-to-LoanIQ conversion activities, including loan boarding validation, testing, quality reviews, and implementation efforts.
• Serve as a LoanIQ resource for team members by sharing knowledge, troubleshooting issues, and helping streamline adoption of the new platform while maintaining production goals.
• Ensure compliance with regulatory requirements, internal policies, service-level agreements, and established operational standards.

Required Qualifications

• 2 years of Commercial Loan Closing, Commercial Loan Operations, Loan Booking, Funding, or related commercial lending experience.
• Hands-on experience utilizing LoanIQ for commercial loan booking, funding, and servicing activities.
• Strong understanding of commercial lending products and loan lifecycle processes.
• Experience reviewing and interpreting commercial loan documentation and credit agreements.
• Knowledge of loan funding, disbursement processes, and money movement activities.
• Strong attention to detail and ability to identify and resolve operational discrepancies.
• Excellent communication and organizational skills with the ability to collaborate across multiple business lines.
• Ability to manage competing priorities in a fast-paced operational environment.

Desired Qualifications

• Experience working with AFS and/or supporting commercial loan system conversions.
• Previous involvement in LoanIQ implementation, testing, or migration initiatives.
• Knowledge of syndicated and bilateral commercial lending structures.
• Experience within a large financial institution or enterprise banking environment.
• Bachelor's degree in Finance, Business, Accounting, or a related field preferred.