Closing Specialist Senior Team Lead - Equipment Finance (EF)
Truist Inc, Cockeysville, MD, United States
Job Title
In supporting the Equipment Finance (EF) LOB, the Team Lead needs to have in-depth experience with both documentation and closing procedures for commercial loans and leases.
The Team Lead should also have expert level knowledge of lien perfection method based on asset type, nuances between tax and non-tax leases, and capital markets/indirect business (both buy and sell). Responsible for managing all activities of Closers, in an assigned LOB or Sub-LOB including assuring timely and efficient processes and quality control. Manage, coach and develop Closers to ensure teammates are delivering a positive client experience while maintaining required controls. Works with Closers to effectively communicate closing conditions to RMs/Clients. Interact closely with Underwriting Team Lead, Loan Servicing Team Lead and Portfolio Admin Team Lead to ensure smooth hand-offs between and Underwriting, Loan Servicing and Portfolio Administration and resolve any issues or challenges. Leadership includes mentoring entry level teammates, as well as, coaching highly experienced teammates with extensive closing expertise. Acts as a peer to sales Team Leads and Portfolio Management team leads in the delivery of the credit product.
The annual base salary for this position is $108,000.00 - $135,000.00. Additional incentive pay is available for this position.
Essential Duties and Responsibilities
Responsible for the direct management and oversight of teammates in the Closing Function.
Review and Execution of Legal Documentation
Strong Knowledge of Loan Closings and Lending Regulatory Requirements
Ensure all closing information was complete and accurate, all standards, guidelines, policies and procedures and regulations were followed
Responsible for independent judgment and decision making on enforcing controls in the closing process. Authority to stop a closing if all conditions were not met
Assist with managing the team's workflow and priorities for closings
Identify opportunities to improve quality and completeness of closing requests received by Closers
Facilitate timely workflow and manage cycle times
Routinely and actively engage with teammates and consistently utilize and model a one-team approach
Qualifications Required Qualifications:
10 years of experience in credit operations, loan consultation, loan administration, loan origination, real estate construction, banking operations (documentation, client service, accounting) or related field(s)
10 years of experience in the execution of legal documentation and associated processes
Proficiency with MS Office applications
Management Knowledge
Preferred Qualifications:
Bachelor degree or certificate in related field
Paralegal experience with Wholesale Lending transactions
Knowledge of booking loan and lease transactions
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
In supporting the Equipment Finance (EF) LOB, the Team Lead needs to have in-depth experience with both documentation and closing procedures for commercial loans and leases.
The Team Lead should also have expert level knowledge of lien perfection method based on asset type, nuances between tax and non-tax leases, and capital markets/indirect business (both buy and sell). Responsible for managing all activities of Closers, in an assigned LOB or Sub-LOB including assuring timely and efficient processes and quality control. Manage, coach and develop Closers to ensure teammates are delivering a positive client experience while maintaining required controls. Works with Closers to effectively communicate closing conditions to RMs/Clients. Interact closely with Underwriting Team Lead, Loan Servicing Team Lead and Portfolio Admin Team Lead to ensure smooth hand-offs between and Underwriting, Loan Servicing and Portfolio Administration and resolve any issues or challenges. Leadership includes mentoring entry level teammates, as well as, coaching highly experienced teammates with extensive closing expertise. Acts as a peer to sales Team Leads and Portfolio Management team leads in the delivery of the credit product.
The annual base salary for this position is $108,000.00 - $135,000.00. Additional incentive pay is available for this position.
Essential Duties and Responsibilities
Responsible for the direct management and oversight of teammates in the Closing Function.
Review and Execution of Legal Documentation
Strong Knowledge of Loan Closings and Lending Regulatory Requirements
Ensure all closing information was complete and accurate, all standards, guidelines, policies and procedures and regulations were followed
Responsible for independent judgment and decision making on enforcing controls in the closing process. Authority to stop a closing if all conditions were not met
Assist with managing the team's workflow and priorities for closings
Identify opportunities to improve quality and completeness of closing requests received by Closers
Facilitate timely workflow and manage cycle times
Routinely and actively engage with teammates and consistently utilize and model a one-team approach
Qualifications Required Qualifications:
10 years of experience in credit operations, loan consultation, loan administration, loan origination, real estate construction, banking operations (documentation, client service, accounting) or related field(s)
10 years of experience in the execution of legal documentation and associated processes
Proficiency with MS Office applications
Management Knowledge
Preferred Qualifications:
Bachelor degree or certificate in related field
Paralegal experience with Wholesale Lending transactions
Knowledge of booking loan and lease transactions
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.