Commercial Mortgage Loan Closer

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Job description

This position is responsible for planning and execution of the organization's business operations on a regular basis. Defines, develops, improves, and ensures alignment with operational best practices, process, and policies to support strategy and goals. Increases the effectiveness and efficiency of support services through Operational Excellence and Continuous Improvement. Clients in this job family can be internal/external clients, channel partners and vendors.

Responsibilities:

• Upon investment committee approval, transitions commercial mortgage loan closing process from investment officer. Responsible for originating checklist from Securian Asset Management, tracking deal progress, interfacing with in-house counsel, investment officer, outside counsel, and business and closing counterparts in mortgage banking companies.
• Works with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use.
• Coordinates with portfolio managers, investment officers, attorneys, internal and external auditors, and other departmental staff and recommends solutions for problems that arise in connection with the investment transactions.
• Approves the due diligence received pursuant to the requirements specified in the origination documents, including the loan approval and final commitment letter to the borrower. Ensures that the information contained in each item of credit, borrower and collateral property due diligence is consistent with the loan envisioned by the investment officer.
• Approves the property insurance, ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral.
• Coordinates title insurance, surveys, organizational documents, third party reports and other information to maintain consistency in closing process.
• Monitors and directs cash deposits for each transaction; authorizes Lender's funding wires.
• Monitors progress of and compliance with loan escrow agreements and approves the disbursement of escrowed funds.
• Manages the transaction settlements to participating investors.

Qualifications:

• 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, proficient at Microsoft Word and Excel.

Preferred Qualifications:

• 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.
• Project management experience

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 a commutable distance (90 minutes) of our Home Office in downtown St. Paul. You will join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. When working in our offices at least two days per week isn't feasible (vacations, illness, travel, etc.), an eight day per month standard is an option.

Physical Job Requirements:

• Ability to utilize the keyboard, computer and/or mouse for up to 8 hours per day
• Ability to work at least 40 hours per week
• Ability to utilize the phone and/or virtual meeting platform for 1-4 hours per day
• Ability to perform grasping tasks throughout the entire work day (examples: handwriting, grasping of equipment/machines, paper manipulation, sorting, folding, handling stacks of paper)

The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of jobs.

The estimated base pay range for this job is:

$56,000.00 - $103,000.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a with a member of the Securian Financial Talent Acquisition team.

Be you. With us. 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:

Paid time off:

• We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
• Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at , by telephone (voice), or 711 (Relay/TTY).

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