Commercial Deal Closing Associate

Newark, NJ

Kforce has a client in Newark, DE that is seeking a Commercial Deal Closing Associate responsible for managing all aspects of the commercial loan closing process - from documentation review to funding coordination - in collaboration with internal teams, borrowers, legal counsel, and third-party vendors. The ideal candidate will have strong Excel and organizational skills, exceptional communication abilities, and a willingness to learn complex lending structures, including syndicated and structured loan products. Key Responsibilities:

  • Coordinate the end-to-end closing process for a variety of commercial loan types, including term loans, lines of credit, real estate, construction, and syndicated loans
  • Review and track all necessary documentation such as loan agreements, UCC filings, insurance certificates, compliance certificates, and closing checklists
  • Work closely with internal stakeholders (credit, legal, portfolio management, operations) and external parties (borrowers, attorneys, title companies) to ensure accurate and timely closings
  • Prepare closing statements, funding memos, and disbursement instructions in accordance with approved credit terms
  • Input and verify loan data in internal systems and Excel-based trackers with high attention to detail
  • Identify and escalate discrepancies, missing items, or risks that may delay or impact the closing
  • Maintain up-to-date and accurate loan files in compliance with regulatory and internal policy requirements
  • Support post-closing functions including document scanning, filing, and follow-up for trailing documents
  • Continuously improve processes and contribute to system enhancements or procedural updates
  • Learn and adapt to the nuances of different commercial loan structures, including complex and multi-lender deals
  • 2+ years of experience in loan operations, commercial lending, or loan documentation (banking or financial services industry)
  • Strong working knowledge of Microsoft Excel (e.g., formulas, data tracking, validation)
  • Excellent verbal and written communication skills - clear, professional, and client-focused
  • Demonstrated ability to learn and retain information related to complex financial products and legal documentation
  • Highly organized and detail-oriented with strong problem-solving abilities
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment
  • Familiarity with UCC filings, loan documentation, and funding procedures
Preferred:
  • Experience with syndicated or participated loan structures
  • Exposure to financial closing platforms or loan management systems (e.g., Salesforce, nCino, Loan IQ)
  • Knowledge of LSTA/LMA documentation standards (a plus but not required)

Posted 2025-08-18

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