Commercial Deal Closing Associate
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
- 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)
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