Closing Coordinator

Where you will work: This position offers a hybrid option to allow for occasional remote work, primarily working out of the Waite Park, Mankato, or Rochester, MN office locations, or the Sun Prairie, Rice Lake, Baldwin, or Prairie du Sac, WI office locations.

The contributions you will make:

This position facilitates the coordination of Diversified Specialty accounts. Collaborates with internal and external parties (i.e. attorneys, investors, title companies, etc.) to ensure transactions are documented and closed in accordance with industry/banking regulations, compliance and state/federal laws. Adheres to Compeer Financials policies and procedures on loan and servicing transactions. Understands standard commercial terminology, including syndication, participation and interest swaps.

A typical day:

Closing Process

• Monitors and coordinates the entire loan/lease transaction. Manages and controls processing of loan/lease transactions upon receipt of opportunity.
• Follows established organizational policies and procedures to ensure transactions are compliant with laws and regulations.
• Identifies, prepares and/or requests the drafting of supplemental transaction documents, when necessary.
• Reviews loan narratives, term sheets, title insurance documentation, legal documents, Uniform Commercial Code filings, fixture filings and other related documents to confirm the organization's required collateral lien position.
• Collaborates with internal and external parties to request and obtain required documents, ensuring all issues such as conditions precedent, title exceptions are addressed to follow policies and procedures, in the context of a specific transaction.
• Coordinates on-site and off-site closings with internal and external clients which may be outside of Compeer's territory. Executes closing transactions with clients by reviewing all documents, answering client questions and securing appropriate signatures on all documents.
• Answers questions and provides solutions to sales and other team members on matters relating to the organization's procedures involving closings, legal documents, title insurance, real estate and chattel collateral.

Client Experience

• Collaborates with sales and/or other team members to service client relationships, including but not limited to servicing actions and movement of money (cash management).
• Provides world-class client service, determines client needs and meets those needs to the extent of delegated authority, including disbursement of funds and working within credit underwriting guidelines.
• Assists with networking and building relationships with clients, supports the Team Relationship Model and is a trusted partner.
• Completes, reviews, tracks and updates daily, monthly and yearly reports. Monitors post-close items and email boxes per Compeer's guidelines.
• Provides backup office coverage when needed.

The skills and experience we prefer you have:

• Associate's degree in accounting, business administration, legal, agriculture or related field; OR related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve months (where applicable).
• Ability to be commissioned as a Notary Public for the state within 45 days of hire.
• Knowledge of commercial industry terminology and transactions including processes and requirements, personal property security documents, real estate, legal, banking, security requirements and title insurance.
• Knowledge of legal descriptions and collateral documents to gather appropriate information for document preparation.
• Accounting and mathematical skills to calculate data, reconcile funds and determine payoffs.
• Skills in processing complex, detailed information in an accurate and thorough manner.
• Effective interpersonal, oral and written communication and client service skills.
• Effective organizational and time management skills.
• Skill in utilizing Microsoft Office applications (Word, Excel, and Outlook, etc.) and client databases to increase efficiency and/or effectiveness.

How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.