Remote Real Estate Developer Jobs in Boston, MA (NOW HIRING)

This is a remote role that will only be hired in the following states: MA or NC

The Senior Loan Closer for Community Development Finance plays a critical role in supporting the closing of transactions within the community development and affordable housing space. The position involves a diverse range of responsibilities, including operational support, detailed loan processing and rigorous quality control. The Senior Loan Closer will ensure all transactions comply with relevant bank regulations and standards, by managing documentation and coordinating with various internal and external partners. This role will require effective communication and collaboration skills to ensure smooth and timely loan closings. The Senior Loan Closer will act as a subject matter expert, providing guidance, mentorship, and training to junior members of the CDF team. In this role, the Senior Loan Closer will drive team objectives, contribute to strategic decision-making, and actively work on enhancing operational processes to ensure greater efficiency in the closing of the CDF transactions. As a senior team member, a primary responsibility will be identifying, managing, and completing special projects, and initiatives annually. This role will spearhead the implementation and roll-out of process improvement efforts, ensuring these enhancements align with organizational goals and best practices.

• Monitor the receipt of all loan documentation and closing due diligence items, as well as tracking deal status throughout the closing process. Review third-party reports, formation documents, and due diligence materials to ensure all pre-closing conditions are fulfilled. Manage loan deposits and fees due at closing, by preparing a detailed construction loan budget, and reconciling closing draws and funding sources. Coordinate with Title and Escrow companies and External Legal Counsel to ensure timely and accurate funding. Reconcile all related invoices against fee/ costing sheets and escrow closing statements.
• Set up and maintain all credit and loan files, ensuring they are organized and up-to date. Files to be arranged to ensure accessibility and navigability, allowing team members to retrieve information quickly throughout the life of the loan and ensure audits can be performed efficiently post-close.
• Thoroughly review legal documentation prepared by outside counsel, ensuring that documents accurately reflect the approved terms and conditions of each transaction. Coordinate with external counsel and relationship managers to confirm documentation meets the specific requirements and regulatory standards of the applicable geographic location of the transaction. Manage and track receipt of all executed documents from counsel upon loan closing. Coordinate with counsel to ensure delivery of original loan documents to the Bank.
• Review and approve deal insurance certificates to ensure compliance with Bank's insurance guidelines and regulatory requirements. Confirm adequate coverage and the validity of each policy. Evaluate GC Payment and Performance Bonds, ensuring each includes a dual oblige rider. Collect and review formation documents, organizational charts and other relevant entity/ individual documentation for KYC submission.
• Complete annual special projects and process improvement initiatives aimed at enhancing the efficiency of the closing process. Identify areas for improvement, developing and implementing strategies to streamline procedures and increase operational efficiency.
• Primary point of contact for all closing-related inquires. Serve as subject matter expert on the intricacies of the closing process, ensuring that all questions and issues are resolved in advance of loan closing. Respond to regulatory and compliance related requests, providing clear and timely guidance to ensure adherence to industry standards and regulations. Mentor and support junior staff during onboarding and training, by acting as a liaison and offering guidance with navigating the closing process and developing required skills.

Bachelor's Degree and 4 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing and/or Financial Services OR High School Diploma or GED and 8 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing and/or Financial Services

Preferred Education: Bachelors DegreePreferred Area of Experience: Affordable Housing, Banking, Legal Document Review/ Negotiation, Budget Review, Loan OperationsLicense or Certification Type: null nullSkill(s): In-depth knowledge of all facets of Community Development Finance (CDF) to include closing and servicing.

If hired in Massachusetts, the base pay for this position is generally between $77,000 - $100,000/yr. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

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Bachelor's Degree and 4 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing and/or Financial Services OR High School Diploma or GED and 8 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing and/or Financial Services

Preferred Education: Bachelors DegreePreferred Area of Experience: Affordable Housing, Banking, Legal Document Review/ Negotiation, Budget Review, Loan OperationsLicense or Certification Type: null nullSkill(s): In-depth knowledge of all facets of Community Development Finance (CDF) to include closing and servicing.

If hired in Massachusetts, the base pay for this position is generally between $77,000 - $100,000/yr. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

#LI-ED1