Fifth Third Bancorp

Commercial Loan Closing Manager I

Fifth Third Bancorp$71K — $145K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree or equivalent work experience required
  • 6–8 years of commercial lending experience
  • 2+ years leadership or supervisory experience
  • Strong knowledge of loan documentation and credit policy
  • Effective communication and stakeholder coordination

Responsibilities

  • Directs team activities related to loan closing processes
  • Coordinates issue resolution during loan closing
  • Interprets credit approvals and closing conditions
  • Ensures documentation meets due diligence requirements
  • Monitors pipeline and transaction timelines
  • Identifies and leads process improvement initiatives

Benefits

  • Comprehensive benefits covering physical, financial, emotional, and social well-being
  • Opportunities for performance recognition and rewards
  • Incentive compensation plan based on performance
Full Job Description

GENERAL FUNCTION: 

The Commercial Loan Closing Manager I directs the work of a team of loan closing professionals responsible for all aspects of commercial loan due diligence, documentation, and closing execution. This includes satisfaction of approval conditions prior to loan documentation preparation. The role partners closely with Relationship Managers (RM), Portfolio Managers (PM), Underwriters (UW), Legal, and other internal partners to ensure accurate interpretation of credit approvals and timely progression of transactions. The position plays a central role in coordinating activities across stakeholders to drive successful closing outcomes. Responsible and accountable for risk by openly exchanging ideas and opinions, escalating concerns as appropriate, and ensuring adherence to policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

· Provides day-to-day leadership and oversight of loan closing activities.

· Serves as primary point of coordination and issue resolution for loan closings.

· Reviews credit approvals and interprets closing conditions.

· Ensures due diligence supports accurate documentation and lien perfection.

· Confirms satisfaction of closing conditions and addresses deficiencies.

· Partners with internal stakeholders to ensure alignment.

· Maintains communication on transaction status and timelines.

· Supports risk-based decision making within established authority.

· Monitors pipeline, workload, and timelines.

· Identifies and leads process improvement initiatives.

· Ensures compliance with policies and regulatory requirements.

SUPERVISORY RESPONSIBILITIES:

· Manages a team of loan closing professionals.

· Provides feedback, coaching, and development.

· Builds succession plans and talent pipeline.

· Recognizes and rewards performance.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

· Bachelor’s degree or equivalent work experience required.

· 6–8 years of commercial lending experience.

· 2+ years leadership or supervisory experience.

· Strong knowledge of loan documentation and credit policy.

· Strong decision-making and judgment skills.

· Effective communication and stakeholder coordination.

· Ability to drive process improvement and efficiency.

· Proficiency in Microsoft Office and banking systems.

WORKING CONDITIONS:

Normal office environment with extended computer use.

Commercial Loan Closing Manager I

Total Base Pay Range 71,100.00 - 145,900.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: or by consulting with your talent acquisition partner. 

LOCATION -- Rosemont, Illinois 60018

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments, and mortgage.

Fifth Third Bancorp Careers

Join the vibrant team at Fifth Third Bancorp, a leading financial services company that values innovation, leadership, and diversity. As part of our commitment to professional growth and excellence, we offer a range of job opportunities that empower you to advance your career while contributing to the financial success of our clients. Work You’ll Do At Fifth Third Bancorp, you’ll be part of a culture that cherishes innovation and strategic thinking. Our team is dedicated to providing outstanding financial solutions to individuals and businesses alike. By joining us, you will collaborate with some of the industry’s most talented professionals, using your skills to influence positive change and drive efficiency. Explore a variety of career paths in areas such as finance, technology, customer service, and risk management. Whether you are looking for a full-time position, an internship, or leadership roles, Fifth Third Bancorp offers a dynamic environment where your career can flourish. Innovative Work Engage in projects that harness cutting-edge technology and innovative financial practices. At Fifth Third Bancorp, your work will directly impact our mission to improve lives and contribute to the economic stability of the communities we serve. Our team’s collaborative efforts lead to groundbreaking solutions, setting new standards in the financial industry. Be Part of a Great Team Fifth Third Bancorp is not just a company; it’s a community. Here, diversity and inclusion are at the core of our employment philosophy, ensuring every team member’s voice is heard and valued. We offer diversity training programs that enhance our understanding and appreciation of various perspectives, fostering an inclusive workplace. Future-Proof Your Career With Fifth Third Bancorp, you are set on a path of continuous professional development. Benefit from comprehensive benefits, mentorship, and networking opportunities that propel your career forward. Our leadership is committed to your success, providing support and guidance as you navigate through your career milestones. Stay Connected Join Our Team Discover the array of job opportunities at Fifth Third Bancorp by exploring positions that match your skills and interests. We are constantly hiring creative, curious, and motivated individuals who are ready to make a significant impact. Check out our current openings and find where you fit into our exceptional team. Keep Up to Date Stay informed with the latest career tips, industry insights, and professional growth opportunities available at Fifth Third Bancorp. Our careers blog is a resource for potential and current employees, offering valuable information to enhance your work experience and expand your knowledge base. Job Alert Emails Customize your experience by subscribing to receive job alerts, news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Fifth Third Bancorp. At Fifth Third Bancorp, we are more than just a bank. We are a place where careers are nurtured, achievements are celebrated, and diversity is embraced. Are you ready to take the next step in your professional journey? Join us and be part of something great.
Learn more about Fifth Third Bancorp
Size
19,247 employees
Market Cap
$22.3 billion
Industry
Net Income
$1.4 billion
Founded
1858
5 Year Trend
+4.4%
NASDAQ

Similar Jobs

More Jobs at Fifth Third Bancorp

More Finance & Insurance Jobs

Find similar Commercial Loan Closing Manager I jobs: