Commercial Loan Closer - Buffalo, United States - HSBC

Description

Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Manages the documentation and closing needs of a diverse, complex portfolio of commercial loans including real estate. Reviews and understands commercial banking and loan terms and financial components; identifies potential problems and solutions. Engages and directs attorneys to prepare loan documents in accordance with policy and credit standards. Negotiates legal, policy and procedural components of loan documents. Mitigates documentation and operational risks, including serving as a screening process for issues impacting servicing of transaction. Confirms all loans are closed in compliance with Company procedures and relevant regulations. Coordinates closing activities with all parties involved, including loan funding and booking calculations ensuring all fees and expenses are accurate and documented.

As the Commercial Loan Closer, you will:

• Manage the documentation and closing needs of a diverse, complex portfolio of commercial loans, including innovation banking, construction, real estate and syndicated transactions of an individualized nature
• Review and understand commercial banking loan terms and financial components; identify potential problems and solutions
• Engage and direct attorneys to prepare loan documents in accordance with credit approvals, policies and credit standards
• Ensure loan submissions comply with applicable internal guidelines, external regulations and unique investor requirements
• Ensure all fees are properly and fully collected at closing
• Responsible for transmittal of loan information to Servicing to support accurate servicing of the loan
• Proper servicing of the transaction to ensure maximum recoverability on asset
• Responsible for post-closing tracking, receipt and system input of all loan documentation
• Engage, manage and direct external counsel to prepare loan documents in accordance with credit approvals, policy and credit standards

For this role, HSBC targets a fixed pay range between $71,400.00 and $107,

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You'll likely have the following qualifications to succeed in this role:

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
• Paralegal certificate or Bachelor's degree in business, related field or equivalent experience
• Minimum of eight years proven and progressive commercial loan closing experience with a bank or other financial institution, including experience closing commercial syndicated, construction or portfolio loans as well as experience with secondary market, conduit or CMBS product or equivalent
• Strong communications, analytical, decision-making, organizational, follow-up and customer service skills
• Ability to make decisions or scope solutions independently leveraging attorneys, business partners and other resources to provide efficient and appropriate solutions to issues as they arise
• Strong knowledge of commercial and commercial real estate documentation, risk management and commercial loan products, servicing principles for commercial loans and pertinent state laws governing
• Ability to evaluate, assess and mitigate risk inherent to closing process as well as ensuring adherence to banking regulations and policies and procedures while recognizing the unique, individualized nature of each commercial transaction, particularly syndications
• Attention to detail and ability to evaluate particular situations and work independently to develop solutions

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future

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All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.