What are the responsibilities and job description for the Loan Closing Associate - Commercial Real Estate (Transaction Execution) position at OakNorth?
At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $21bn across the UK and US, helped create more than 58,000 new homes and 36,000 jobs, and supported hundreds of thousands of personal savers — all while operating in one of the most highly regulated environments in financial services.
We are looking for a 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 or legal assistant experience in banking and finance, who is eager to further develop their skills across a variety of deal types, including commercial real estate (CRE), 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.
\n- Support transaction execution by preparing, reviewing, and managing legal documentation (amendment letters, waiver requests, security documents, signature pages, etc.).
- Review term sheets, credit papers and draft loan documents for alignment of deal terms.
- Coordinate execution processes, including managing e-signature and wet-signing logistics.
- Support due diligence processes, including insurance reviews, lease assessments and zoning report reviews.
- Liaise with internal teams (Credit, Portfolio Management, Operations, Customer Due Diligence) to ensure smooth deal handovers.
- Conduct legal research, summarise findings, and support senior team members on complex matters.
- Use digital tools (including AI-enabled platforms) to streamline document review and transaction management.
- Prior real estate leveraged or structured finance loan closing or paralegal or legal support 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).
- Strong organisational and project management skills, with meticulous attention to detail.
- Good drafting ability and comfort reviewing complex legal and regulatory documents.
- 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.
Salary : $90,000 - $120,000