Internship, Loan Closing Specialist

About the Role

• This is a six-to-twelve-month program with the potential to be hired full time.
• This is a 40-hour per week requirement.
• The Structured Loans Closing Specialist Intern will be an individual contributor.

Key Responsibilities

• Review credit application/approval and loan documentation in preparation for loan closings to ensure proper loan documentation for all facilities reflecting the structure of the deal as presented in the credit application.
• Ensure compliance with credit approval and bank credit policy.
• Interact with Loan Officers, Operations, customers, other banks, and/or legal counsel to gather all pertinent information in advance of loan closings.
• Set up and maintain customer, deal, and facility information in LoanIQ – ensure accuracy of system information (accurately reflects structure of deal).
• Coordinate initial funding requirements including verification of standard settlement instructions (SSI).
• Manage and apply fees (upfront fees, agency fees, commitment fees, and facility fees) based on information provided by BU and accounting policy.
• Ensure data quality; review, investigate, and resolve all anomalies.
• Prepare KPI reports for Management.
• Execute and publish control reports.
• Complete special projects as assigned.

Requirements & Tech Stack

• LoanIQ
• SSI

Qualifications

• Basic Credit documentation knowledge.
• Strong capability to act as a change agent.
• Rigorous attention to detail with a control-oriented mindset.
• Strong organizational skills and ability to multi-task with minimal follow-up.
• Self-confidence and ambition for growth.
• Effective writing skills.
• Effective project management skills.
• Desired/Plus: Commercial lending experience.
• Desired/Plus: BS/BA – Finance/Economics.
• Desired/Plus: Credit Risk background.
• Desired/Plus: Basel 2/RWA experience.