Senior Closing Officer – Community Development Lending and Investment
KeyBank
full-time
Posted on:
Location Type: Hybrid
Location: Brooklyn • New York • Ohio • United States
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Salary
💰 $71,000 - $125,000 per year
Job Level
About the role
- Responsible for all pre-closing and closing functions required for credit products offered by Real Estate Capital
- Maintain a volume assigned portfolio consisting of moderate to highly complex construction and tax credit equity transactions, interim loans, line of credit facilities, and standby letters of credit
- Provide expertise in pre-closing process through review of items required to close
- Proactively drive the loan closing process with the client, utilizing closing checklist to identify and monitor progress of items required to close
- Independently manage assigned work with limited oversight from Manager
- Responsible for providing superior internal and external client service while anticipating and mitigating risk to KeyBank
- Lead projects and initiatives and offers suggestions to support a continuous improvement mindset
- Provide ongoing coaching and mentoring to others
Requirements
- Bachelor's Degree or equivalent work experience
- MBA or Paralegal training, law degree and/or LPO license (preferred)
- 5+ years of related experience to Commercial Development and Closing and/or Commercial Construction Closing, preferably in banking or financial services
- Extensive knowledge of construction and interim loan financing including underwriting, risk management and mitigation, loan closing and portfolio administration
- Extensive knowledge of commercial real estate programs/products and services including low income housing tax credit (LIHTC), historic tax credit (HTC), new market tax credit (NMTC), tax exempt bonds, letters of credit (L/C's), permanent mortgages and forward commitments, interest rate protection products, etc.
- Extensive knowledge of government programs for affordable housing and community reinvestment; experience with not-for-profit real estate development and sensitivity to local community needs
- Significant experience with multi-bank loan participations/syndications and secondary market standards
Benefits
- Eligibility for incentive compensation including production, commission, and/or discretionary incentives
- Short-term incentive compensation
- Deferred incentive compensation subject to individual and company performance
- Flexible work arrangements
- Professional development opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
construction financinginterim loan financingunderwritingrisk managementloan closingportfolio administrationcommercial real estate programslow income housing tax credit (LIHTC)historic tax credit (HTC)new market tax credit (NMTC)
Soft Skills
client serviceproject managementcoachingmentoringcontinuous improvementindependent workproactive communicationrisk mitigation
Certifications
Bachelor's DegreeMBAParalegal traininglaw degreeLPO license