What are the responsibilities and job description for the Commercial Real Estate Loan Closing Associate position at OakNorth?
About Us
At OakNorth, we're on a mission to empower ambitious businesses and the communities they serve. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while driving economic growth in the markets we serve.
About The Role
We are looking for a Commercial Real Estate Loan Closing Associate to join our US Legal & Transaction Management team, supporting the execution and ongoing management of lending transactions. This role will suit someone with prior loan closing or paralegal experience in commercial real estate finance, who is eager to further develop their skills across a variety of deal types, including commercial & industrial (C&I), and structured products such as participations, co-lends and note-on-note financings.
You’ll work alongside senior lawyers and transaction managers, contributing directly to the execution of deals while building strong technical and commercial expertise.
What You'll Do
At OakNorth, we're on a mission to empower ambitious businesses and the communities they serve. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while driving economic growth in the markets we serve.
About The Role
We are looking for a Commercial Real Estate Loan Closing Associate to join our US Legal & Transaction Management team, supporting the execution and ongoing management of lending transactions. This role will suit someone with prior loan closing or paralegal experience in commercial real estate finance, who is eager to further develop their skills across a variety of deal types, including commercial & industrial (C&I), and structured products such as participations, co-lends and note-on-note financings.
You’ll work alongside senior lawyers and transaction managers, contributing directly to the execution of deals while building strong technical and commercial expertise.
What You'll Do
- Support transaction execution by preparing, reviewing, and managing legal documentation (amendment letters, waiver requests, security documents, signature pages, etc.).
- Support due diligence processes, including insurance reviews, lease assessments, zoning report reviews, and other diligence as needed.
- Review term sheets, credit papers and draft loan documents for alignment of deal terms.
- Manage deal lists while maintaining status on all outstanding diligence needed to clear a loan for closing.
- Liaise with internal teams (Credit, Portfolio Management, Operations, Customer Due Diligence) to ensure smooth deal handovers.
- Conduct legal research, summarize findings, and support senior team members on complex matters.
- Coordinate execution processes, including managing e-signature and wet-signing logistics.
- Use digital tools (including AI-enabled platforms) to streamline document review and transaction management.
- 4 Years of prior commercial real estate leveraged or structured finance loan closing or paralegal experience in banking and finance law.
- Working knowledge of commercial real estate (CRE), commercial & industrial (C&I), and structured finance transactions (including note-on-note financings).
- Good drafting ability and comfort reviewing complex legal and regulatory documents.
- Strong organizational and project management skills, with meticulous attention to detail.
- Strong communication skills and ability to work across teams and geographies.
- Proactive, adaptable, and eager to learn, with a strong sense of ownership.
- Proficiency in Microsoft Office; familiarity with digital/AI tools a plus.
- 401k plan with Principal (OakNorth match up to 4%)
- Medical Care (managed through Insperity) — employees can add their family to their plan if needed
- Dental & Vision bundle
- Insperity Health Savings Account Programme — a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan year
- Employee Assistance Programme (EAP)
- 20 days Holiday
- Salary - $90k - $120k based on experience
Salary : $90,000 - $120,000