Commercial Closing Sr. Officer (Hybrid w/in the M&T Footprint) at M&T Bank

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Serves as the first line of defense (1LoD), adhering to necessary controls to mitigate unnecessary exposure to risk
Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite
Identify risk-related issues
Ability to work in a hybrid role (3 days in the office within the M&T footprint)
Ability to manage time to meet deadlines while working with multiple partners on multiple and/or concurrent closing requests
Ability to communicate and collaborate effectively with other departments and business partners

Responsibilities

Ensure completion and delivery of commercial closing capabilities for all assigned loans
Close each loan in an accurate and timely manner to the correct borrowing parties and per the agreed upon collateral and deal terms approved
Serve as the primary closing point of contact for RMs, Attorneys, and Clients once term sheets are issued
Work as part of the account relationship team/deal team
Identify and outline loan closing documentation and due diligence requirements for each loan, ensuring clear communication to and from internal and external sources
Plan accordingly and work in tandem with assigned Closing Officer to meet scheduled closing date
Promptly advise stakeholders of any identified issues, delays, or changes to the anticipated closing date
Upon receipt and final review of Commercial Closing Checklist from Closing Officer, verify all required documents are complete and accurate, necessary data to close, fund (including dual controls), and book have been captured correctly
Provide the deal team/relationship team a ‘Clear to Close’ and confirm closing plan (Date, Location, Parties Attending etc.)
Act as the closing point of contact for involved parties to resolve issues and provide understanding around loan documentation and due diligence
Work with approved Bank counsel (as appropriate) and other Bank partners to finalize the documenting, funding, and booking of the loan in accordance with Bank policies and procedures
Partner with designated team and other internal and external stakeholders to address discrepancies/issues found during due diligence, loan documentation, loan closing, and review processes
Escalate issues as appropriate and coordinate with co-workers and Team Leader to troubleshoot and resolve escalated problem situations, exception requests, and deviations from day-to-day business processes
Review loan documents after closing for complete and proper execution; notify Closing Officer that closing is complete and documents are received and acceptable, providing a copy for funding and booking
Complete the Post Close Review subsequent to booking (usually within 7-10 days after closing) and handoff to the post close review team and relationship liaison when satisfactory
Set and update closing expectations with internal and external stakeholders, issue ‘Clear to Close’, and verify remaining closing capabilities are carried out
Communicate and collaborate effectively with other departments and business partners to establish exemplary partnerships and create a positive team environment
Attend all Deal Team meetings related to loans assigned for closing
Report customer complaints to the Office of Customer Advocacy when appropriate

Skills

Commercial Loan Closing

Loan Documentation

Due Diligence

Risk Mitigation

Stakeholder Management

Closing Checklist

Collateral Verification

Deal Team Coordination

Term Sheet Execution

Post-Close Handoff

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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