Requisition ID: 267375
Salary Range: 225,000.00 - 225,000.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Associate Director, Commercial Real Estate Finance (Loan Closing), Transaction Advisory GroupGlobal Banking and MarketsGlobal Banking and Markets (GBM) is a leading Canadian capital markets and investment banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking and Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions (M&A), corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, global capital markets and investment banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose: The Associate Director will lead the execution and closing of complex U.S. commercial real estate (CRE) financing transactions, acting as the central coordinator across business, legal/compliance, credit, and operations teams. The role requires deep expertise in loan documentation, closing mechanics, and regulatory compliance, with a strong legal orientation to support negotiation, structuring, and execution through funding. There is significant client interaction involved working on live transactions and ensuring high quality, successful deal execution.
This role sits within the Transaction Advisory Group (TAG) within Global Banking & Markets. TAG provides structuring and execution expertise across multiple products including debt capital markets, asset-backed securities, residential and commercial mortgage-backed securities, collateralized loan obligations, and other securitized and warehouse financing products.
What You'll Do Transaction Execution & Closing Leadership- Lead end-to-end CRE loan closings (balance sheet, syndications, CMBS / warehouse facilities) from credit approval through funding and post-close completion
- Manage closing timelines, conditions precedent, and issue resolution to ensure timely, accurate funding
- Coordinate funding mechanics, including settlement statements, sources & uses, and wire execution with Treasury
Legal Documentation & Structuring- Review, interpret, and negotiate loan agreements, security documents, and closing documentation in alignment with approved credit terms
- Partner closely with internal and external legal counsel to resolve documentation issues and ensure enforceability
- Ensure consistency between legal documentation, credit approvals, and booking systems
Due Diligence & Risk Control- Oversee all closing due diligence (title, survey, insurance, UCC, environmental, etc.) and validate completeness prior to funding
- Identify and mitigate documentation or structural risks; escalate and resolve exceptions proactively
- Ensure all transactions comply with Scotiabank policies, regulatory requirements, and underwriting standards
Stakeholder Coordination- Act as the central point of coordination across Credit, Origination, Syndications, Legal, Compliance, Operations, and external parties (borrowers, counsel, agents)
- Manage communications and expectations across multiple stakeholders in a fast-paced deal environment
Post-Closing & Portfolio Handover- Ensure completeness of closing packages, loan boarding, and transition to servicing / asset management
- Track and resolve post-closing deliverables and documentation exceptions
Process, Governance & Leadership- Drive best practices in closing processes, documentation standards, and controls
- Support audits, regulatory reviews, and internal governance requirements
- Mentor junior team members and contribute to process improvements across CRE platform
What You'll Bring - J.D. (or equivalent legal degree) strongly preferred; background in real estate finance or banking law highly valued
- ~5-10+ years of experience in CRE loan closing, structured finance execution, or CRE legal / documentation roles
- Deep knowledge of:
- Commercial real estate loan structures (construction, bridge, syndicated, CMBS)
- Loan documentation and closing mechanics
- Title, escrow, and collateral perfection requirements
- Proven ability to manage complex transactions and multiple closings concurrently
- Strong risk awareness and understanding of regulatory/compliance frameworks
Core Copetences- Legal + structuring expertise (ability to bridge legal docs and credit intent)
- Strong project management and execution discipline
- High attention to detail and accuracy
- Advanced stakeholder management and communication skills
- Ability to operate in a high-volume, deadline-driven environment
Interested?What's in it for you?Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
