Commercial Mortgage Loan Closer

Overview

Join a team that drives the success of our commercial mortgage investment operations! In this role, you'll be at the center of complex transactions - ensuring smooth closings, maintaining compliance, and partnering with internal and external stakeholders to deliver exceptional results. You'll define and improve processes, champion operational excellence, and play a critical part in supporting strategic goals. If you thrive in a fast-paced environment, enjoy problem-solving, and want to make a tangible impact on high-value investments, this is the opportunity for you.

• Upon Investment Committee approval, transition commercial mortgage loan closing process from origination analyst. Responsible for originating checklist from Securian
  
  AM, tracking deal progress, interfacing with in-house counsel, business analyst, outside counsel, and business and closing counterparts in mortgage banking companies.
• Work with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use.
• Assist portfolio managers, analysts, attorneys, internal and external auditors, and other departmental staff to identify solutions for problems that arise in connection with the investment transactions.
• Review and approve the information contained in each item of credit, borrower and collateral property due diligence. Determine that the due diligence conforms to the requirements specified in the origination documents including the loan approval and final commitment letter to the borrower.
• Approve the property insurance, ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral.
• Work with the Manager, Commercial Mortgage Investments in reviewing requests and facilitate the drafting of documents for amendments, consents and waivers for currently held assets and identifies issues, interpret loan documents and summarize terms for attorneys and/or investment officers.
• Coordinate title insurance, surveys, organizational documents, third party reports and other information to maintain consistency in closing process.
• Monitor and direct cash deposits for each transaction; authorize Lender's funding wires.
• Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds.

• Knowledge of real estate, preferably in commercial loan closing.
• Ability to read and comprehend third party reports (Environmental, Appraisal and Engineering) for accuracy and relevancy.
• Experience reviewing real estate leases for both business and legal issues.
• Understanding of legal and financial concepts and practices with the ability to extract and analyze critical information from business and legal documents.
• Strong math, analytical, and critical thinking skills with strong attention to detail.
• Strong communication skills to establish and maintain effective interaction with outside counsel, brokers, mortgage bankers and counterparts.
• Excellent organizational skill and the ability to manage multiple, time sensitive tasks and make independent decisions.
• Knowledge of PC software, Salesforce, Microsoft Word and Excel.

• 3+ years experience as a Commercial Loan Closer or equivalent paralegal, loan officer, or underwriting experience in a real estate lending area.
• Bachelor's Degree in related field and/or equivalent combination of training and experience in the real estate lending environment.

* Internal Securian Financial job title for this position is Business Operations Sr. Analyst*

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. This position requires you to live within in a commutable distance (90 minutes) of our Home Office in St. Paul, MN. You'll join us 3 days each week in our offices to collaborate and build relationships.

Our policy allows flexibility for the reality of business and personal schedules. #LI-Hybrid

$56,000.00 - $

More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what's important to them. And…