What are the responsibilities and job description for the Commercial Loan Closer position at Oversea-Chinese Banking Corporation Limited?
Oversea-Chinese Banking Corporation is a strong Singaporean bank and their New York Agency is recruiting for a Commercial Loan Closer to ensuring that new loans and post-closing amendments, waivers, modifications and extensions are appropriately approved.
Key Responsibilities:
Ensure any deviations from the bank’s required documentation standards, terms and conditions of approval are identified and property approved.
Ensure all conditions precedent have been met.
Ensure the new or modified loans are properly set up in the bank’s core banking and ancillary systems.
Verifying and documenting that all required approvals have been sought and obtained.
Reviewing the Credit Proposal approving the proposed loan transaction.
Reviewing draft and final execution copies of the legal documents.
Obtaining and reviewing OCBC Counsel’s review of the legal documents against the bank’s documentation standards and OCBC Counsel’s annotation of the terms and conditions of approval against the legal documents.
Reviewing and logging draft UCCs, interest rate protection agreements, appraisal reports, insurance consultancy reports, required insurance certificates, and insurers provided in conjunction with the closing.
Creating Covenant Trackers and Subsequent Disbursement Control Sheets
Completing various checklists, including the Facility Activation Checklist and the booking memo known as the Limit Activation Memo
Identifying and documenting authorized signers and authorized providers of instructions.
Setting up the approved lending limits and logging all collateral items and guaranties.
Review and release loan settlement statements.
Successful transfer of loans post-closing to the Post-Closing Loan Monitoring and Reporting Team.
Qualifications:
Extensive prior experience in the closing of and the review of loan documents for large bilateral and syndicated loans involving real estate, private equity/subscription financing, project financing, commodity financing and corporate lending.
Please email resume to toddlangert@ocbc.com.
Job Type: Full-time
Pay: $85,000.00 - $130,000.00 per year
Benefits:
- Dental insurance
- Health insurance
- Paid time off
Work Location: In person
Salary : $85,000 - $130,000