City National Bank

Provides banking, investment, and trust services

Industry Closing Manager - Fund Finance

Retail & Commercial BankingConfirmed live in the last 24 hours

Full-time

About the Job

Requirements

A bachelor's degree or equivalent is required.
A minimum of 10 years of experience in fund finance is required.
Client-facing presence and experience are required.
Project management skills, including the ability to prioritize tasks and adapt to changing priorities, are required.
Organizational and time management skills are required.
An understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services is required.
Demonstrated experience interpreting complex loan, security, and related legal agreements to identify key business 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 is required.

Responsibilities

Manage due diligence and the 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 to communicate to the client team and internal partners.
Coordinate directly with outside counsel and the client team regarding documentation, outstanding requirements, and other matters needed to advance financing through closing and funding.
Serve as the primary closing contact for outside counsel, the client team, and internal partners in a dynamic, transaction-intensive, deadline-driven environment.
Manage multiple complex transactions and competing priorities while maintaining accuracy, sound judgment, responsiveness, and a high level of service.
Support complex financings involving sophisticated institutional borrowers, including private equity firms, asset managers, and other complex commercial organizations, by understanding each transaction’s structure and closing requirements.
Manage the activities of Loan Closing Specialists, assist with transaction closings, and provide 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.
Issue “Clear to Close” to confirm that all required conditions have been satisfied before execution of legal documents and commencement of funding.
Support a positive client onboarding and closing experience while ensuring adherence to bank policies, procedures, and controls.
Partner with the client team and internal stakeholders throughout closing to coordinate requirements, resolve outstanding items, and support timely and accurate closings of complex commercial lending transactions.
Manage and direct Loan Closing Specialists supporting ICM responsibilities, including prioritizing workflow, providing guidance on closing requirements, and escalating transaction-related issues as appropriate.
Review closing checklists, credit approvals, loan documentation, and other transaction requirements to confirm that applicable conditions precedent and closing requirements have been satisfied before closing.
Manage and communicate closing timelines, key milestones, outstanding requirements, and transaction status to the client team, Credit Products, Legal Counsel, and other internal partners.
Determine whether internal documentation or attorney-prepared documentation is appropriate based on transaction structure and complexity, and engage and coordinate with outside counsel when required.
Review and analyze loan, security, and other legal documentation to identify key terms, closing conditions, operational requirements, and potential documentation issues requiring resolution or escalation.
Manage legal invoices and related expenses, including reviewing and approving expenses in accordance with established procedures and authority, as applicable.
Issue “Clear to Close” after confirming that required credit, legal, operational, and documentation conditions have been satisfied and the transaction is ready to proceed to closing and funding.
Identify, document, and approve or escalate exceptions, including trailing or missing documentation, in accordance with bank policies, procedures, and established authority.
Coordinate with Funding & Boarding and other operational partners before closing to ensure funding instructions, transaction terms, and boarding requirements are complete and accurately communicated.
Conduct post-boarding reviews and work with post-close and operational teams to identify and resolve discrepancies, documentation issues, or other outstanding transaction requirements.

Desired Qualifications

Previous management experience is preferred.
Previous experience as a paralegal or working at a law firm is preferred.
Prior closing experience, paralegal experience (including understanding legal language and documents), commercial credit experience, or an understanding of commercial credit is recommended.

INDUSTRY CLOSING MANAGER - Fund Finance

WHAT IS THE OPPORTUNITY?

The Industry Closing Manager (ICM) is a key individual contributor of the closing process and client team.

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.

WHAT WILL YOU DO?

Partner with the client team and other internal stakeholders throughout the closing process to coordinate requirements, resolve outstanding items, and support the timely and accurate closing of complex commercial lending transactions.
Manage and provide direction to the Loan Closing Specialists supporting ICM responsibilities, including prioritizing workflow, providing guidance on closing requirements and escalating transaction-related issues, as appropriate.
Review closing checklists, credit approvals, loan documentation, and other transaction requirements to confirm all applicable conditions precedent and closing requirements have been satisfied prior to closing.
Manage and communicate closing timelines, key milestones, outstanding requirements, and transaction status with the client team, Credit Products, Legal Counsel and other internal partners.
Determine whether internal documentation or attorney-prepared documentation is appropriate based on the structure and complexity of the transaction, and engage and coordinate with outside counsel when required.
Review and analyze loan, security, and other legal documentation to identify key terms, closing conditions, operational requirements, and potential documentation issues requiring resolution or escalation.
Manage legal invoices and related expenses, as applicable, including reviewing and approving expenses in accordance with established procedures and authority.
Issue the “Clear to Close” after confirming that all required credit, legal, operational, and documentation conditions have been satisfied, and the transaction is ready to proceed to closing and funding.
Identify, document, and appropriately approve or escalate exceptions, including trailing or missing documentation, in accordance with Bank policies, procedures and established authority.
Coordinate with Funding & Boarding and other operational partners prior to closing to ensure funding instructions, transaction terms, and boarding requirements are complete and accurately communicated.
Conduct post-boarding reviews and work closely with post-close and operational teams to identify and resolve discrepancies, documentation issues, or other outstanding transaction requirements.

WHAT DO YOU NEED TO SUCCEED?

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?

Compensation

Starting 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

Get a more detailed look at our Benefits and Perks.

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.

About the Company

City National Bank

Provides banking, investment, and trust services

City National Bank provides personalized banking, investment and trust services to individuals and businesses, with $93 billion in assets and $106 billion in client assets under management or administration. It offers traditional banking, wealth management and fiduciary services through branches and private banking relationships across markets in California, New York, Tennessee, Georgia, Delaware, Nevada, Washington, D.C., and Miami (as CN Bank). The bank distinguishes itself with a strong local footprint, close integration with its parent Royal Bank of Canada, and a history of community giving, including nearly $10 million donated in 2024. Its goal is to help clients grow and protect their wealth while supporting the communities it serves and expanding its market reach through trusted advisory services.

Company size: 5,001-10,000
Company stage: IPO
Headquarters: Los Angeles, CA
Founded: 1953

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