Commercial Loan Closer III

Provident Financial Services Jersey City , NJ 07097

Posted 2 weeks ago

Provident Bank, a multi-billion dollar bank with branches in NJ and eastern PA, is seeking an experienced commercial loan closer (5+ years) for an opportunity in our Iselin, NJ office. Qualified candidates will have knowledge of all commercial loan closing documentation and experience of commercial loan closings.

Preferred experience with In-house and Attorney prepared closings for the Bank. Paralegal experience helpful; User knowledge of Laserpro software a plus. Must be computer literate with Excel and Word software.


The position's role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals. Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction.


Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans. This includes organization of files, review of the closing documents for accuracy, assuring receipt of all required closing documentation and compliance and satisfaction of all closing conditions and covenants. Is responsible for loan set-up including completion of load sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.

Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure closing takes place in a timely fashion.

Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator. Prepares and processes post-closing documents and reports for input to the Bank's systems.

Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.

Assists in daily department responsibilities including customer inquiries and problem solving.

Prepares and processes department reports including pipeline and closing reports. Verifies OFAC and Patriot Act information and related duties as required. Reviews mortgage discharges for accuracy.




Extensive knowledge of Commercial Loan closing and ability to apply such knowledge.

Ability to communicate clearly and effectively in both written and spoken scenarios

Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail and perform arithmetic calculations.

Proficient with software and systems programs.(Microsoft Office) Knowledge of Laser Pro document preparation a plus.


Bachelor's degree

5 or more years


Licenses and Certifications Expiration Date



Work is mainly performed in a normal office environment. Noise levels are usually moderate.


The hazards are mainly those present in a normal office setting.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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Commercial Loan Closer III

Provident Financial Services