Commercial Operations Loan Closer

JOB DESCRIPTION Commercial Operations Loan Closer (Business Banking)Location: Johnston, RIWork Schedule: 100% Onsite (Training: 5 days/week in office; After training: 4 days/week in office)Hours: 8:00 AM – 5:00 PM, Monday–Friday (40 hours/week)Pay Rate: $26.38/hr W2Duration: 3 Months (Possible Extension) Position OverviewThe Commercial Operations Loan Closer plays a critical role on the Business Banking Operations team, ensuring commercial loans—primarily C&I (Commercial & Industrial) financing—are properly closed, documented, and compliant with credit approval policies.This role focuses heavily on completing pre-closing due diligence, clearing conditions of credit approval, reviewing loan documentation, and booking loans into the loan accounting system. The position requires strong communication skills and the ability to manage multiple transactions simultaneously in a deadline-driven environment. Key ResponsibilitiesCommunicate directly with Relationship Managers on each dealClear conditions of credit approval prior to closingComplete pre-closing due diligence to ensure loans are fully cleared to closeVerify required conditions such as:InsuranceAppraisalsEnvironmental reportsFlood determinationsLien positionsTitle workReview loan documentation (credit agreements, notes, guarantees, collateral documents)Create loan documentation in LaserPro or review documents prepared externallyAct as gatekeeper for compliance and reporting requirementsBook and onboard loans into the loan accounting system, including funding and billing setupReconcile Loan Accounting Recon accounts for assigned loansClear post-closing legal documentation exceptions in accordance with bank policyManage a pipeline of 10–30 active loan transactions at any given timeManage closings within established KPIsProvide strong customer service while mitigating operational and reputational risk Required Skills & Experience1–3 years of experience in commercial or business lending operationsExperience clearing loan conditions and reviewing loan documentationKnowledge of federal regulations and commercial loan documentationAbility to manage moderately complex problems independentlyStrong communication skills and ability to collaborate with internal partners and third partiesStrong attention to detail and organizational skillsProven ability to manage a loan pipeline in a deadline-driven environmentSystems Experience:AFS and LaserPro experience preferred Background ProfileOpen to candidates with commercial loan operations experienceOpen to mortgage processing backgroundsNot seeking mortgage sales backgroundsBachelor’s degree not required EducationHigh School Diploma or GED requiredAssociate’s Degree or higher preferred

Salary : $26