Commercial Loan Closing Associate - Bangalore (Full Time)

Experience from 6 to 12 Years

Role : Commercial Loan Closing Associate

Location : Bangalore

Timings : 06:30 PM - 03:30 AM

• Lead day-to-day execution of commercial loan on-boarding and funding activities in Loan IQ as a senior individual contributor.

• Create and maintain the Loan IQ deal and facility shell required to support Doc Prep stages and downstream processing.

• Develop a strong understanding of the end-to-end commercial loan lifecycle, including initiation, documentation, boarding, funding, servicing, and closing.

• Engage proactively with Sales and relevant partners to hand-hold each deal from initiation through closing, ensuring clear ownership, timely follow-up, and issue resolution.

• Review approved credit documents, loan agreements, closing instructions, and source data to ensure accurate setup of borrowers, lenders, deals, facilities, tranches, commitments, pricing, fees, interest terms, and payment schedules.

• Process and validate new deals, amendments, restructures, extensions, renewals, commitment changes, and other facility updates in Loan IQ.

• Provide expert oversight for complex transactions, for Bilateral, syndicated or participated facilities, restructures, refinancings, extensions, commitment changes, and nonstandard deal structures.

• Perform source-document-to-Loan-IQ and system-of-record validation, identify discrepancies, and coordinate timely correction before transaction completion.

• Review funding requests and validate facility availability, approved limits, funding amounts, conditions precedent, supporting documentation, and required approvals.

• Validate funding items, principal amounts, settlement details, standard settlement instructions, and payment instructions before funding release.

•  Complete post-funding validation and reconciliation to confirm that transactions are accurately reflected in Loan IQ and applicable downstream systems.

• Perform maker-checker and quality-control reviews in accordance with delegated authority and established procedures.

• Monitor assigned workflow, transaction aging, cut-off times, service-level agreements, turnaround time, quality, and pending exceptions; coordinate priorities with the manager.

• Partner with Front Office, Credit, Legal/Documentation, Treasury, Technology, Quality Control, and downstream Operations teams to resolve transaction issues.

• Provide technical guidance, process support, peer reviews, knowledge sharing, and cross-training to improve team capability and coverage.

• Identify operational risks, recurring errors, control gaps, and process weaknesses, and recommend corrective and preventive actions.

• Maintain complete supporting documentation, system notes, approvals, and audit trails for all transactions.

• Support internal and external audits, risk assessments, control testing, procedure reviews, and remediation activities.

• Contribute to process improvements, automation, digitization, UAT, system enhancements, and initiatives that improve data quality, straight-through processing, and operational efficiency.

• Exercise independent judgment within established policies and escalate material credit, documentation, funding, operational, or compliance concerns promptly.

• Experience in Banking Operations, preferably within Commercial Lending, Wholesale Lending, Loan Closing, Loan Boarding, or Funding Operations.

• Hands-on experience with Loan IQ, particularly deal/facility boarding, loan setup, funding, amendments, and transaction validation.

• Good understanding of the end-to-end commercial lending lifecycle and common bilateral, syndicated, participated, or agented loan structures.

• Working knowledge of loan documentation, credit terms, facility structures, pricing, fees, interest calculations, payment instructions, and reconciliation.

• Strong understanding of operational risk, maker-checker controls, quality assurance, exception management, and audit requirements.

• Demonstrated ability to independently manage multiple priorities and complex or time-sensitive transactions under strict deadlines.

• Strong analytical, problem-solving, communication, stakeholder-management, and escalation-management skills.

• Proficiency in Microsoft Office applications, particularly Excel, Word, PowerPoint, and Outlook.

• Experience supporting process improvement, automation, UAT, or technology transformation is preferred.

• Candidates must be flexible to work in shifts aligned with U.S. business hours and support extended working hours during month-end and other critical business periods, as required.