Loan Closing Associate
Not Disclosed•Full-TimeHybrid
location_on342, West 30th Street, Chelsea District, Manhattan Community Board 4, Manhattan, New York County, New York, 10001, United States
About Amalgamated Bank
Amalgamated Bank is dedicated to building a more equitable world through our everyday practices. We believe that maintaining a diverse and inclusive workplace, where everyone feels valued and respected, is essential for our growth as a company. We embrace the values of our employees and customers to drive positive outcomes.
About the Role
The Loan Closing Associate serves as an essential liaison between Relationship Managers, Credit Risk Management, Closing attorneys, and the Loan Servicing Group. This role is responsible for managing the entire loan closing process, ensuring that new loans, extensions, and modifications are closed in strict accordance with credit approvals.
You will be accountable for risk by openly exchanging ideas, elevating concerns, and personally adhering to all policies and procedures. Your actions will directly drive a positive customer experience while operating within the Bank's risk appetite. The position requires consistently identifying, assessing, managing, monitoring, and reporting risks of all types to ensure the integrity of the closing process.
Hiring Process
Amalgamated Bank considers an applicant to be someone who has interviewed at least once, in person, with the hiring manager. We do not sponsor applicants for work visas. Please note that submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment.
Equal Opportunity
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications from Minorities, Females, Individuals with Disabilities, Veterans, and AmeriCorps, Peace Corps, and other national service alumni. We consider qualified applicants regardless of background.
Work location
Work model: Hybrid
342, West 30th Street, Chelsea District, Manhattan Community Board 4, Manhattan, New York County, New York, 10001, United States
New York, New York
Key Responsibilities
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Similar Job Opportunities
Skills, education and keywords
Skills: Commercial Lending, Loan Origination, Loan Documentation, Collateral Evaluation, Credit Policy, KYC, Cip, Sharepoint.
Education: High school diploma or equivalent required; Bachelor's degree preferred.
Frequently asked questions about Loan Closing Associate at Amalgamated Bank
What does a Loan Closing Associate at Amalgamated Bank do?expand_more
Day-to-day, the Loan Closing Associate at Amalgamated Bank will review loan documentation and due diligence items to identify discrepancies and provide feedback; ensure all required third-party reports and due diligence items are received and vetted; update the closing calendar in real-time and maintain the deal checklist; and resolve post-closing issues and documentation deficiencies with attorneys and relationship managers.
What are the requirements for this Loan Closing Associate role?expand_more
Amalgamated Bank is looking for candidates who meet the following requirements: High school diploma or equivalent; Bachelor's degree preferred; Minimum of 3 years of experience in a financial institution with a focus on Commercial Lending; Experience in an automated loan origination environment preferred; Ability to work on-site 3+ days per week; and No work visa sponsorship.
Where is the Loan Closing Associate role at Amalgamated Bank located?expand_more
Loan Closing Associate at Amalgamated Bank is based in 342, West 30th Street, Chelsea District, Manhattan Community Board 4, Manhattan, New York County, New York, 10001, United States. This is a hybrid role.