Description
LOAN CLOSER SYNDICATIONS & PARTICIPATIONS
WHAT IS THE OPPORTUNITY?
The Loan Closer - Syndications and Participations is responsible for managing and coordinating the closing process of complex syndicated and participated loan transactions. This role ensures all aspects of the closing process comply with internal policies, credit approvals, legal requirements, and syndication terms. The ideal candidate brings deep experience in commercial loan documentation, excellent organizational skills, and a strong understanding of agency and participant roles in multi-lender structures.
WHAT WILL YOU DO?
- Review and interpret loan approvals, credit agreements, and legal documentation for syndicated and participated loans
- Coordinate closing activities with internal stakeholders (e.g., relationship managers, Underwriters, credit analysts, legal, operations) and external parties (e.g., agent banks, law firms, participants).
- Ensure compliance with credit terms, regulatory requirements, and internal closing procedures
- Draft, review, or interpret closing checklists, closing statements, and funds flow summaries.
- Oversee the documentation and booking of agency and participant records accurately in the systems
- Manage the Clear to Close process to ensure all requirements are met, prior to closing
- Serve as the primary contact during the closing process for both internal departments and external parties such as participating banks and legal counsel.
- Ensure proper execution and safekeeping of legal and collateral documentation
- Work with loan servicing teams to transition closed deals for ongoing administration, monitoring, and reporting
- Track and report closing timelines, exceptions, and workflow bottlenecks; assist with post-closing audits or quality control reviews
WHAT DO YOU NEED TO SUCCEED
Required Qualifications*
- Bachelor's Degree or equivalent
- Minimum 5 years experience in Commercial Banking required.
- Minimum 3 years experience with closing syndicated or participated loans required.
- Proficiency with Syndtrak or similar is preferred.
- Project Management skills, ability to prioritize tasks and adapt to changing priorities
- Organizational and time management skills
- Recommended experience: Prior closing experience, credit experience or understanding of experience
- Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services
WHAT'S IN IT FOR YOU?
Compensation
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
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