The Industry Closing Manager (ICM) is an individual contributor in the closing of the deal and a key member of the client team.
Manage the due diligence and closing process for complex commercial lending transactions, including reviewing and analyzing sophisticated loan, security, and other legal agreements to identify closing requirements, key terms, conditions precedent, and information that must be communicated to the client team and other internal partners.
The ICM will coordinate directly with outside counsel and the client team regarding documentation, outstanding requirements, and other matters necessary to move the financing and closing process through successful closing and funding.
Serve as the primary closing contact for outside counsel, the client team, and internal partners in a highly dynamic, transaction-intensive, and deadline-driven environment.
The ICM must be able to manage multiple complex transactions and competing priorities simultaneously while maintaining accuracy, sound judgment, responsiveness, and a high level of service.
Support complex financings involving sophisticated institutional borrowers, including large private equity firms, asset managers, and other complex commercial organizations, requiring a strong understanding of each transaction’s structure and closing requirements.
Directly manage the activities of the Loan Closing Specialists, assisting with the closing of transactions and providing guidance and direction throughout the closing process. Work with Relationship Managers, Credit Products, Legal Counsel, and other internal partners to review legal documentation and confirm that credit approval terms, closing conditions, and operational requirements are accurately reflected and satisfied.
Be accountable and responsible for issuing "Clear to Close" to confirm that all required conditions have been satisfied prior to execution of legal documents to allow funding to commence. ”Clear to Close” is a critical control within the Wholesale Bank and an important component of the Bank’s overall control environment.
Play a key role in supporting a positive onboarding and closing experience for our clients, while ensuring adherence to Bank policies, procedures and controls.
Required Qualifications*- Bachelor's Degree or equivalent
- Minimum 10 years experience in Fund Finance required.
Additional Qualifications
- 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
- Recommended experience: 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 busines 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.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- 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 US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
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.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.