Loan Closing Specialist

Come work with us:

Metropolitan Commercial Bank ("MCB" or the "Bank") is a New York City-based, full-service commercial bank providing tailored banking solutions to businesses, institutions, and individuals. Founded in 1999, MCB operates banking centers in Manhattan and Boro Park, Brooklyn, within New York City, as well as in Great Neck on Long Island, New York, and Lakewood, New Jersey. The Bank also maintains a private client office in Miami, Florida.

Metropolitan Commercial Bank offers a comprehensive suite of commercial, business, and personal banking products and services to small businesses, middle-market and corporate enterprises, private and public institutions, municipalities, and local government entities.

Metropolitan Commercial Bank has earned national recognition for its financial performance, innovation, and strategic growth. The Bank was named one of Newsweek's Best Regional Banks in 2024 and 2025. Additionally, MCB recently received Editor's Choice recognition at the Banking Tech Awards USA for Digital Onboarding & Omnichannel Banking and in 2026, the Bank earned Great Place To Work certification and received the Web Award Standard of Excellence for MCBankNY.com.

For more information, please visit the Bank's website atMCBankNY.com.

Position summary:

Metropolitan Commercial Bank's Lending Group is seeking a Loan Closing Specialist to assist in closing loans for a growing commercial loan portfolio. This role will assist with the loan closing process and management of the loan portfolio. The portfolio is comprised of a wide variety of property types including multifamily, nursing facilities, retail, office, hotel, and construction.

Standard 4-day in-office requirement, 1 day remote (of your choosing)

Responsibilities

• Serve as main liaison for all aspects of the loan closing process of Commercial & Industrial (C&I) and Commercial Real Estate (CRE) transactions for complex loan transactions which includes reviewing and negotiating loan documents, preparing loan settlement statements, ensuring all due diligence items required for closing are in received, and confirming compliance with both internal and external policies.
• Coordinate with several internal bank departments throughout the closing process including the credit group to ensure closing requirements as outlined in the credit memo are met, the loan operations group to pre-board new client and collateral data to bank systems and to close and fund the loans on the day of closing, and the lending deposits group to have the necessary deposit accounts opened prior to closing.
• Review attorney prepared legal documents for accuracy to loan approval and to ensure operational functionality is in-line with bank's system capabilities.
• Coordinate closing aspect of loan renewals and modifications in a similar manner to new loan closings.
• Manage entire loan payoff and collateral release process by working bank attorneys, borrowers, and loan operations department for termination documents and payoff letters.
• Serve as main point of contact for several monthly, quarterly, and annual compliance-related reports and audits as assigned by Director of Loan Closings (eg: quarterly withdrawn loans log, OFAC audit, etc.).
• Work on additional tasks, assignments and projects as needed.

Qualifications & Skills:

• 3+ years of experience with complex commercial loan closings, both CRE and C&I.
• Bachelor's degree is preferred.
• Strong analytical and computer skills with thorough knowledge of Excel.
• Detail oriented individual is essential for this role.
• Ability to multitask and work cross functionally with deal stakeholders.
• Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.

Potential Salary: $105,000 - $120,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.