Legal Assistant/Paralegal

Newtek Business Services Corp. - Lake Success, NY

30+ days ago

POSITION SUMMARY: Responsible for assisting Senior Counsel and closing attorneys in preparing loan closing packages in connection with U.S. Small Business Administration (“SBA”) loans and for assembling a complete and scanned legal file for transmittal to post-closing department.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

  • Assists Senior Counsel and closing attorneys in file management and document preparation;
  • Orders and reviews required searches for closing loans;
  • Scans final legal loan documents executed by borrowers;
  • Assembles closing file pursuant to instructions of Senior Counsel;
  • Conducts follow up for post-closing conditions and recorded documentation;
  • Updates the post-closing collateral checklist as additional documentation is received;
  • Develops familiarity with various loan structures;
  • Confirms that the closing file is in compliance with both internal and SBA requirements;
  • Completes the post-closing collateral checklist;
  • Prepares loan documentation for transfer to post-closing;
  • Other duties as assigned

KNOWLEDGE, SKILLS AND ABILITIES:

  • Minimum of 2 years’ experience in commercial loan closings;
  • Familiarity with commercial loan closing documentation;
  • Proficient with file management and PDF software, and MS Office suite;
  • Strong organization skills;
  • Ability to follow orders of senior legal staff;
  • Bachelor’s degree preferred;
  • Paralegal certificate preferred.

Job Type: Full-time

Experience:

  • commercial loan closing: 2 years (Required)
  • paralegal: 2 years (Required)

Location:

  • Lake Success, NY (Preferred)

License:

  • paraglegal (Preferred)

Work authorization:

  • United States (Required)