Commercial Loan Closer

Invesco is a leading global asset management firm with more than $937B* in assets under management. We provide our retail and institutional clients a diverse and comprehensive range of investment capabilities to help people get more out of life. Invesco is publicly traded on the New York Stock Exchange (IVZ) and has about 7,000 employees in over 20 countries.
(*As of December 31, 2017)

Job Purpose (Job Summary):
The general role of the Loan Closing Coordinator will be to act as the liaison between all parties involved in the commercial loan closing process (internal INVESCO departments, third-party consultants, Sellers/Borrowers, etc.). The Coordinator is the central contact for the due diligence review process for each transaction.

Key Responsibilities / Duties:

• Coordinate the receipt and distribution of due diligence items.Maintain and manage the closing checklist to ensure that closing counsel and internal parties have received all required documents to review and close the loan.
• Provide third-party consultants with property information and request proposals/budgets.
• Manage engagement and completion of third-party consultant reports. Provide consultants with all necessary items required to complete their review of the property.
• Maintain a critical dates schedule and monitor all parties involved to ensure deadlines are met. Maintain checklist of client requirements.
• Coordinate with appropriate departments to make sure items are submitted on a timely basis.
• Maintain project files during the closing process and make sure files are completed post-closing. Provide necessary items and loan documents to loan servicer post-closing.
• Provide necessary items for law firm to prepare closing binders. Pursue the resolution of various issues during the due diligence/closing process. Communicate INVESCO due diligence requirement with Borrowers.
• Monitor internal third party costs throughout the closing process and ensure payment of third party consultants (including legal) at closing.
• Maintain contact list with telephone numbers/addresses of all parties involved in transaction.
• Prepare internal closing statement and sources and uses and coordinate with escrow agent to prepare their closing statement.
• Coordinate and complete internal KYC review and documentation. Provide post-closing information to Accounting and client services for reporting purposes.
• Make sure all internal approvals are obtained during each phase of the process. Follow-up on any post-closing obligations and receipt of original documentation.
• Other duties as assigned.

Work Experience / Knowledge:

• Minimum 5 years of related experience in commercial loan documentation and closing.
• Working knowledge of commercial mortgage loan documentation required for closing commercial loans.

Skills / Other Personal Attributes Required:

• Exceptional organizational skills required with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines is critical.
• Excellent written and verbal communication skills.

Formal Education: (minimum requirement to perform job duties)

• Undergraduate degree (preferred).

FLSA (US Only): Nonexempt

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.