Closing Coordinator - West Coast
HometapSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Ability to work hybrid within the M&T footprint (will consider candidates in any location within the footprint)
- Strong organizational skills to manage multiple concurrent closing requests and meet deadlines
- Effective communication and collaboration skills to work with internal (e.g., RMs, Closing Officers, Team Leader) and external stakeholders (e.g., Attorneys, Clients, Bank counsel)
- Attention to detail for reviewing loan documents, checklists, due diligence, and ensuring accuracy in documentation, funding, and booking
- Knowledge of loan closing processes, documentation requirements, collateral, deal terms, and Bank policies/procedures
- Ability to identify, troubleshoot, and escalate issues, delays, discrepancies, exceptions, and risks
- Understanding of risk and regulatory standards, policies, and controls in line with the Company’s Risk Appetite
- Attendance at Deal Team meetings
Responsibilities
- Ensure completion and delivery of commercial closing capabilities for all assigned loans in an accurate and timely manner, adhering to controls to mitigate risk
- Serve as primary closing point of contact for RMs, Attorneys, and Clients once term sheets are issued; close loans to correct borrowing parties per approved collateral and deal terms
- Identify and outline loan closing documentation and due diligence requirements; communicate clearly with stakeholders; plan and coordinate with Closing Officer to meet closing dates
- Advise stakeholders promptly of issues, delays, or changes to closing dates
- Verify Commercial Closing Checklist upon receipt; confirm all documents, data, and dual controls are complete/accurate; issue ‘Clear to Close’ and confirm closing plan (date, location, parties)
- Act as point of contact to resolve issues and provide understanding on loan documentation and due diligence
- Work with Bank counsel and partners to finalize documenting, funding, and booking per Bank policies
- Partner with teams to address discrepancies/issues during due diligence, documentation, closing, and review; escalate and resolve as needed
- Review post-closing loan documents for execution; notify Closing Officer of completion and acceptability to enable funding/booking
- Complete Post Close Review (within 7-10 days after closing); handoff to post close review team and relationship liaison upon satisfaction
- Communicate/collaborate with departments/partners to build positive team environment
- Manage time across multiple partners/closings
- Attend all Deal Team meetings for assigned loans
- Report customer complaints to Office of Customer Advocacy when appropriate
- Identify and adhere to risk-related issues, standards, policies, and controls
Skills
Loan Closing
Commercial Lending
Loan Documentation
Due Diligence
Risk Mitigation
Stakeholder Management
Closing Checklist
Funding Verification
Dual Controls
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
