Columbia Financial, Inc.

Commercial Loan Closing Manager

Columbia Financial, Inc. • $90K — $120K *
Fair Lawn, NJ 07410In-Person
Finance & Insurance
5 - 7 years of experience
6 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 5+ years management experience necessary
  • 5+ years of Commercial Lending experience essential
  • Experience leading teams of 10+ preferred
  • Familiarity with Salesforce & nCino preferred
  • Strong understanding of Commercial Loan documentation needed
  • Excellent written and verbal communication skills required

Responsibilities

  • Oversee commercial closing pipeline for accuracy and efficiency
  • Manage all post-closing activities and documentation
  • Monitor workflow and ensure timely completion of tasks
  • Review monthly closing reports and follow up on overdue items
  • Ensure compliance with federal and state regulations for closings
  • Recommend process improvements to Senior Management
  • Perform additional job-related duties as assigned

Benefits

  • Comprehensive medical, dental, vision, and prescription coverage
  • Bonus programs to reward performance
  • Employee Stock Ownership Program (ESOP) for long-term investment
  • Life insurance and long-term disability coverage
  • Generous paid time off including personal and vacation days
  • Paid sick leave and recognition of bank holidays
  • 401k program available for employee participation
  • Flexible hybrid work schedule of 3 days in-office and 2 days remote
Full Job Description
Summary:

Oversee and manage the Commercial Loan Dept for the Commercial Bank. Managerial responsibilities for a team of 10+ Closing Representatives (plus ancillary staff) and two Supervisors - including overseeing staffing, scheduling, training, performance evaluations, etc. Performs initial review of title commitments ensuring that all document exceptions are cleared prior to closing. Assign loan closings and post-closing activities to staff. Monitors workflow to ensure all work is completed accurately and within established time frames. Reviews processes and procedures and recommend changes and improvements. Senior level SME for Lenders, Closers and Operations to rely on.

Job Responsibilities:

Commercial Closing Oversight & Pipeline Management

  • Oversee and manage the commercial closing pipeline and ensure closing documents are accurate and all exceptions have been cleared. Ensure transactions are efficiently distributed and processed in a timely manner. Provides support and guidance to the commercial closing staff. Resolves any unusual or complex problems.


Post-closing Operations & Staff Supervision

  • Oversee all post-closing related activities such as receipt of all required recorded documentation, title policies and completion of collateral files. Exercises the usual authority of a supervisor, including staffing, scheduling, training, discipline, performance appraisals, and salary recommendations.


Workflow Monitoring

  • Monitor workflow to ensure all work is completed accurately and within established time frames.
  • Resolves any unusual or complex problems.


Closing Report Review

  • Reviews monthly closing reports and pipeline. Works with Commercial Closing Supervisor on follow-up procedures for past due items. This includes:
    • Loans to One Borrower
    • Attorney Closed Loan Report
    • Laser Pro Reports
    • Documentation Exception Report


Regulatory Compliance

  • Maintains current knowledge of agency guidelines, state and federal laws governing commercial closings for New Jersey, New York, and Pennsylvania.
  • Ensures that the Bank's closing policies and procedures are in compliance with all governmental regulations and reporting requirements.
  • Communicates regulatory and procedural changes to staff.


Process Improvement

  • Recommend changes and more efficient methods of departmental procedures to Senior Management with systems specialists and the IS Department to implement changes to the origination system for the Closing/Post Closing functions.


Additional Responsibilities

  • Performs other job-related duties as may be assigned or required.


Weighting of job duties is approximate and may change based on department needs.

Job Requirements:

  • Bachelor's degree;
  • Minimum 5 years of management experience;
  • Minimum 5 years of Commercial Lending experience.


Preferred Qualifications:

  • Experience managing a team of ten or more staff;
  • Knowledge/experience working with Salesforce & nCino.


Core Competencies/Skills:

  • Working knowledge of Commercial Loan documentation (i.e. Commitment Letter, Loan Note, Certificate of Formation, Title Documents, Beneficial Ownership, Insurance Policies, etc.);
  • Working knowledge and understanding of insurance requirements (liability, hazard, flood) for commercial loans;
  • Skilled in reviewing and interpreting Uniform Commercial Code (UCC) Finance Statements, Federal and State tax lien search results, Bankruptcy and Judgement search results;
  • Ability to communicate and interact with employees at all organizational levels;
  • Results oriented with a proven track record to motivate self and others to accomplish objectives;
  • Excellent organizational, follow-up, and time management skills;
  • Strong numerical aptitude and attention to detail;
  • Excellent written and verbal communication skills.

Columbia Bank offers the following benefits:
  • Medical, Dental, Vision and Rx which are contributory.
  • Bonus programs.
  • Employee Stock Option Program (ESOP).
  • Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
  • Paid Time Off (PTO) which includes Personal and Vacation Time.
  • Paid Sick Time.
  • Bank Holidays.
  • Employees may participate in the 401k program.

Schedule:
  • This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.


About Columbia Financial, Inc.

Columbia Financial, Inc. is a bank holding company headquartered in Fair Lawn, New Jersey. The company operates as a community bank providing a broad range of banking services to businesses and individuals in its markets. Columbia Financial operates through its wholly-owned subsidiary, Columbia Bank, which has over 60 branches in New Jersey. The bank offers a range of deposit products, including checking accounts, savings accounts, and certificates of deposit, as well as loan products, such as commercial and consumer loans, real estate loans, and agricultural loans. Columbia Financial was founded in 1927 and went public in 2019.
Learn more about Columbia Financial, Inc.
Size
645 employees
Market Cap
$2.3 billion
Industry
Finance & Insurance
Net Income
$57.6 million
5 Year Trend
+9.8%
NASDAQ
CLBK
* Ladders Estimates

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