Closing Manager Jobs in Elgin, IL (NOW HIRING)

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GENERAL FUNCTION:

The Commercial Loan Closing Manager I directs the work of a team of loan closing professionals responsible for all aspects of commercial loan due diligence, documentation, and closing execution. This includes satisfaction of approval conditions prior to loan documentation preparation. The role partners closely with Relationship Managers (RM), Portfolio Managers (PM), Underwriters (UW), Legal, and other internal partners to ensure accurate interpretation of credit approvals and timely progression of transactions. The position plays a central role in coordinating activities across stakeholders to drive successful closing outcomes. Responsible and accountable for risk by openly exchanging ideas and opinions, escalating concerns as appropriate, and ensuring adherence to policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Experience leading commercial loan document preparation teams responsible for creating accurate loan documentation packages utilizing LaserPro or comparable documentation systems. Strong understanding of commercial loan structures, collateral perfection requirements, legal documentation, and quality control processes is preferred.

Provides day-to-day leadership and oversight of loan closing activities.

Serves as primary point of coordination and issue resolution for loan closings.

Reviews credit approvals and interprets closing conditions.

Ensures due diligence supports accurate documentation and lien perfection.

Confirms satisfaction of closing conditions and addresses deficiencies.

Partners with internal stakeholders to ensure alignment.

Maintains communication on transaction status and timelines.

Supports risk-based decision making within established authority.

Monitors pipeline, workload, and timelines.

Identifies and leads process improvement initiatives.

Ensures compliance with policies and regulatory requirements.

SUPERVISORY RESPONSIBILITIES:

Manages a team of loan closing professionals.

Provides feedback, coaching, and development.

Builds succession plans and talent pipeline.

Recognizes and rewards performance.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Bachelor's degree or equivalent work experience required.

6-8 years of commercial lending experience.

2+ years leadership or supervisory experience.

Strong knowledge of loan documentation and credit policy.

Strong decision-making and judgment skills.

Effective communication and stakeholder coordination.

Ability to drive process improvement and efficiency.

Proficiency in Microsoft Office and banking systems.

WORKING CONDITIONS:

Normal office environment with extended computer use.

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.