Commercial Loan Closer III

Company Overview:

Peapack Private Bank & Trust is a leader in wealth, lending and deposit solutions. At Peapack Private, our clients are cared for by a single point of contact and are served by empowered employees who consistently go above and beyond to provide exceptional service and offer a boutique private banking experience.

What makes Peapack Private different? We are an institution that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the "Best Banks to Work For" across the nation. In addition, we were selected as Crain's Best Places to work in NYC for our inaugural year, 2024. Our secret sauce in one word is our 'culture'.

At Peapack Private, we value a diverse and inclusive workspace, deeply committed to growing leaders at all levels of the organization thorough mentorship, career pathing, and professional development. There are multiple ways to build relationships and get involved - from joining our Cultural Ambassador Committee focused on areas like Wellness, Fun, Inclusion, or Environmental Awareness - to involvement in community service activities through Volunteerism. Said quite simply, the culture and the people who work here are amazing!

Position Overview:

Lead the closing process for all loan products supported by the Commercial Loan Closing Team in the following lines of business: Commercial Real Estate (CRE), Multifamily, Commercial and Industrial (C&I), Healthcare, Wealth and Community Banking. Commercial Loan Closer III may close agented or participated transactions, secondary market trades, letters of credit and/or construction loans. The position is responsible for maintaining the highest quality service to clients, prospects, as well as internal partners, ensuring the accuracy of client account administrative activities and developing collaborative relationships with clients.

Key Responsibilities:

• Coordinate with all parties involved to manage the to the expected closing date.
• Execute a prudent closing process for all loan products including new loans, amendments, extensions, modifications, and renewals.
• Evaluate all closing documentation to ensure all pre-closing conditions and issues have been appropriately identified and accurately addressed.
• Confirm KYC and CIP have been completed.
• Determine and ensure adequate insurance is obtained prior to closing including flood determination.
• Perform all searches, escrow analysis and escrow holdbacks.
• Prepare, review, and approve the closing package and settlement statement.
• Actively engage and manage all vendors involved in the transaction.
• Review legal documents for completeness and accuracy.
• Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.
• Follow-up with Counsel if full closing package is not received within 10 business days of Closing.
• Post funding complete the booking sheet in accordance with timeframes in the booking procedure.
• Complete all checklists and hand-off collateral documents to loan operations.
• Identify exceptions that require post-closing follow-up.
• Maintain ongoing awareness of all legal and regulatory changes that may affect closing procedure.
• Escalate early and appropriately.
• Assist with audit requests and special projects.

Qualifications:

• Bachelor's degree in business Related Field preferred
• Minimum 10+ years working in a Commercial Lending Department or Bank Environment
• Significant knowledge of Commercial Lending Credit Agreements
• Effective oral and written communication skills
• Effective customer service skills-internal and external
• Detail oriented
• Superior multi-tasking skills
• Experience with basic office programs and equipment including Microsoft Office
• Knowledge of Jack Henry System Silverlake a plus, not a requirement
• Knowledge of Syntrak a plus, not a requirement

Benefits Overview:

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $81,410 to $106,466, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Note: Incentives and/or benefits packages may vary depending on the position.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.