Description
INDUSTRY CLOSING MANAGER
WHAT IS THE OPPORTUNITY?
The Industry Closing Manager (ICM) is the leader in the closing of the deal and a key member of the client team. They will manage the due diligence activities within Loan Administration and will directly follow up with the client for scheduling, documents, and questions related to closing. The ICM will be the primary contact for outside attorneys and ensure all closing documents are ready for closing and that the deal is funded and boarded accurately. The ICM will directly manage the activities of the Loan Closing Specialists that are assisting them in the closing of deals. In addition, the ICM will work with Relationship Managers and Credit Products staff to review legal documents to ensure they represent the deal and credit conditions are being met within those documents. In addition, the ICM will be accountable and responsible for issuing the "Clear to Close" which is the signal that all conditions have been met to move the deal to closed and execute legal documents and then fund the transaction. This is one of the most important controls within the Wholesale Bank and is critical to the bank's control environment. The ICM is a key colleague in ensuring a positive onboarding experience for all our City National's clients. They also serve a critical role as a key control point to ensure the bank is following its policies and procedures. This role is a senior level role that requires years of experience and ability to interact with and manage many competing priorities and roles both inside and outside of the bank.
WHAT WILL YOU DO?
- Work directly with client for all matters related to closing and include other internal partners as needed
- Manage activities of Loan Closing Specialists that are working to support ICM duties and function
- Review closing checklist for completion and ensure all items are completed prior to closing
- Manage and communicate the closing timeline and date with Clients, Relationship Managers and Credit staff
- Determine if internal or attorney prepared documents are needed; engage attorneys if needed
- Manage legal invoices if needed, approve expense on behalf of the Relationship Managers
- Responsible for issuing the "Clear to Close" allowing for a deal to be closed
- Set up exceptions and approve trailing/ missing documents
- Prior to closing, coordinate with Funding & Boarding to execute on funding instructions
- Conduct post-boarding review and work closely with post-close teams
WHAT DO YOU NEED TO SUCCEED
Required Qualifications*
- Bachelor's Degree or equivalent
- Minimum 10 years experience in Commercial Real Estate Banking required.
- Previous Management experience is preferred
- Previous experience as a Paralegal or part of Law Firm is preferred.
- Client facing presence and experience
- Project Management skills, ability to prioritize tasks and adapt to changing priorities
- Organizational and time management skills
- Recommended experience: Prior closing experience, paralegal (i.e., understand legal language and docs), commercial credit experience or understanding of experience
- Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services
WHAT'S IN IT FOR YOU?
Compensation
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
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