Senior Closing Officer or Lead Closing Officer (Community Development Lending and Investment Team)

Location:

4910 Tiedeman Road, Brooklyn Ohio

This role can be filled as either a Lead Closing Officer or Senior Closing Officer.

Senior Closing Officer Job Description:

Job Summary
The Senior Closing office is responsible for all pre-closing and closing functions required for credit products offered by Real Estate Capital, primarily the Community Development Lending and Investment team, or other KeyBank lines of business as required by credit policy. Including compliance with credit policy, internal compliance procedures (OFAC, Patriot Act, Beneficial Ownership etc.), credit approval, and documentation standards according to internal closing procedures and controls. 

This role maintains a volume assigned portfolio consisting of moderate to highly complex construction and tax credit equity transactions, interim loans (including multiple tranche transactions), line of credit facilities, and standby letters of credit or revenue bond transactions, any of which may be syndicated/participated. Transactions primarily involve low-income housing tax credits (LIHTC), historic tax credits (HTC), new markets tax credits (NMTC), commercial, multifamily, residential and tax-exempt bond financing transactions.  Independently manage assigned work with limited oversight from Manager and offer assistance to others as time permits.  Responsible for providing superior internal and external client service while anticipating and mitigating risk to KeyBank.  Lead projects and initiatives and offers suggestions to support a continuous improvement mindset.  Provide ongoing coaching and mentoring to others and serve as a back-up to the Manager, as needed.

Essential Functions

• Provide expertise to RM and PM in pre-closing process through review of items required to close, participation in client meetings, review of credit approval conditions and assistance and review of loan documentation
• Proactively drive the loan closing process with the client, utilizing closing checklist to identify and monitor progress of items required to close and responsible parties, identifying the items and conditions to be satisfied, and obtaining and reviewing due diligence for the transaction
• Display expert level of proficiency in reviewing documentation to ensure accurate representation of business terms and conformity to credit approval and policies
• Engage/coordinate outside consultants necessary for the transaction, including legal counsel.  Serve as the primary contact for the bank throughout the closing process
• Consistently provide superior service directly for bank clients while maintaining risk management, compliance with bank policies and regulatory requirements, internal procedures and controls
• Utilize internal compliance applications in order to ensure adherence to all governmental and fiduciary laws, including OFAC and Patriot Act
• Identify and resolve issues affecting client credit facilities and mitigate risks to Key; partner with Loan Services to resolve issues as appropriate
• Work closely with the RM, borrowers, borrower’s counsel, bank counsel, title companies and Service Officer, among others to achieve a well-coordinated and timely loan closing
• Clearly and immediately communicate problems/issues and elevate appropriately; assist in resolving issues affecting client service and risk management
• Work with Service Officer, consultant and RM to ensure project budget is balanced and conforms to loan approval
• Provide authorization to close to Service Officer; work closely with multiple parties to achieve a well-coordinated and timely closing, funding and booking of the transaction
• Coordinate collection of all fees and charges necessary to close transaction; provide required documentation for booking transaction, fees and establishing ticklers for financial covenants
• Assemble and maintain closing file in a timely manner; enter and monitor required post closing ticklers
• Ensure documentation exceptions are tracked on the exception report, take ownership and provide remediation of any documentation exceptions noted, working in tandem with the RM as appropriate
• Identify process improvements to continuously enhance client service and documentation quality
• Coach and mentor others on the team; serve as back-up to the Manager, as needed
• Serve as a resource to the credit underwriting team for deal structure inquiries
• Lead various ad hoc projects and provide reporting information as requested
• Complete all required training within established timeframes and maintain ongoing professional and regulatory readiness. Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.
• Complies with all KeyBa