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About the Role

The Industry Closing Manager (ICM) leads the deal closing process and is a key member of the client team. This role manages the due diligence and closing process for complex commercial lending transactions, coordinating with outside counsel and internal partners to ensure successful closing and funding.

Responsibilities

• Manage the due diligence and closing process for complex commercial lending transactions.
• Review and analyze loan, security, and other legal agreements to identify closing requirements, key terms, conditions precedent, and information to be communicated.
• Coordinate directly with outside counsel and the client team regarding documentation, outstanding requirements, and other matters necessary for closing and funding.
• Serve as the primary closing contact for outside counsel, the client team, and internal partners.
• Manage multiple complex transactions and competing priorities simultaneously.
• Support complex financings involving sophisticated institutional borrowers.
• Directly manage the activities of the Loan Closing Specialists.
• Work with Relationship Managers, Credit Products, Legal Counsel, and other internal partners to review legal documentation.
• Confirm that credit approval terms, closing conditions, and operational requirements are accurately reflected and satisfied.
• Issue "Clear to Close" to confirm all required conditions have been satisfied prior to execution of legal documents.
• Support a positive onboarding and closing experience for clients while ensuring adherence to Bank policies, procedures, and controls.
• Partner with the client team and other internal stakeholders throughout the closing process.
• Resolve outstanding items and support the timely and accurate closing of complex commercial lending transactions.
• Manage and provide direction to the Loan Closing Specialists.
• Prioritize workflow, provide guidance on closing requirements, and escalate transaction-related issues.
• Review closing checklists, credit approvals, loan documentation, and other transaction requirements.
• Confirm all applicable conditions precedent and closing requirements have been satisfied prior to closing.
• Manage and communicate closing timelines, key milestones, outstanding requirements, and transaction status.
• Determine whether internal documentation or attorney-prepared documentation is appropriate.
• Engage and coordinate with outside counsel when required.
• Identify key terms, closing conditions, operational requirements, and potential documentation issues.
• Manage legal invoices and related expenses.
• Review and approve expenses in accordance with established procedures and authority.
• Identify, document, and appropriately approve or escalate exceptions.
• Coordinate with Funding & Boarding and other operational partners prior to closing.
• Ensure funding instructions, transaction terms, and boarding requirements are complete and accurately communicated.
• Conduct post-boarding reviews.
• Work closely with post-close and operational teams to identify and resolve discrepancies, documentation issues, or other outstanding transaction requirements.

Requirements

• Bachelor's Degree or equivalent
• Minimum 10 years experience in Fund Finance required.
• Previous Management experience is preferred
• Previous experience as a Paralegal or part of Law Firm is preferred.
• Client facing presence and experience
• Project Management skills, ability to prioritize tasks and adapt to changing priorities
• Organizational and time management skills
• Prior closing experience, paralegal (i.e., understand legal language and docs), commercial credit experience or understanding of experience
• Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services
• Demonstrated experience interpreting complex loan, security and related legal agreements to identify key business and operational terms, recognize potential issues or inconsistencies, and communicate critical requirements to Legal Counsel and/or Loan Operations to support accurate loan setup and ongoing servicing.

Skills

• Fund Finance
• Commercial lending transactions
• Due diligence
• Loan documentation analysis
• Legal agreement analysis
• Client relationship management
• Project Management
• Organizational skills
• Time management skills
• Communication skills
• Problem-solving
• Attention to detail

Location

• City National location

Work Type

• Full-time

Experience Level

• Minimum 10 years experience in Fund Finance
• Previous Management experience preferred
• Prior closing experience
• Commercial credit experience

Education Level

• Bachelor's Degree or equivalent

Salary/Compensations

• $44.28 - $75.42 per hour
• Eligible for bonus and/or commissions

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans
• 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 the Company

• City National Bank was founded in 1954 by entrepreneurs for entrepreneurs.
• City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

Equal Opportunity

• 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.