How To Become A Closing Manager: What It Is and Career Path

What is a closing manager and how to become one

Updated January 8, 2025

4 min read

A closing manager typically directs the administrative and accounting functions of their organizations. They ensure that all shifts and hours are documented for payroll and tax purposes. You can think of them as the company's quality assurance checker, checking that their teams maintain work standards. They have to demonstrate managerial and leadership talent, as their jobs require them to coordinate with, head, and keep track of several different departments.

Most employers require their closing manager to have a college diploma. Closing managers in the United States commonly hold degrees in business, psychology, criminal justice, or accounting. Other qualifications include strong leadership, communication, and management skills.

The average closing manager in the United States earns a yearly salary of $52,000. That's more or less $25 an hour. However, employers like the U.S. Bank, Internation Bancshares, and Southside Bank pay their closing manager a highly competitive salary of $63,000 or more on average.

ScoreClosing ManagerUS Average

Salary

4.7

Avg. Salary $60,249

Avg. Salary $59,228

Stability Level

9.4

Growth Rate 6%

Growth Rate 0.3%

Diversity

8.4

Race

American Indian and Alaska Native 0.66%

Asian 6.36%

Black or African American 9.40%

Hispanic or Latino 16.94%

Unknown 4.71%

White 61.93%

Gender

female 52.98%

male 47.02%

Age - 42

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 42

Stress Level

9.4

Stress level is very high

7.1 - high

Complexity Level

5.2

Complexity Level is intermediate

7 - challenging

Work Life Balance

4.6

Work Life balance is fair

6.4 - fair

Key steps to become a closing manager

Explore closing manager education requirements

Most common closing manager degrees

Bachelor's

41.9 %

High School Diploma

24.3 %

Associate

22.7 %

Start to develop specific closing manager skills

Skills	Percentages
Customer Service	21.57%
Cleanliness	16.07%
Escrow	4.15%
Performance Reviews	3.13%
Food Quality	3.00%

Complete relevant closing manager training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New closing managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a closing manager based on U.S. Bureau of Labor Statistics data and data from real closing manager resumes.

Research closing manager duties and responsibilities

Manage shipping and delivering loans to FNMA.
Manage MERS registration of new loans, all transfers after purchase and QC for MERS.
Manage escrow and title operations staff and organize responsibilities.
Company originated/sold loans under guidelines of FNMA, FHLMC, FHA, VA, USDA and state bond programs.

Apply for closing manager jobs

Now it's time to start searching for a closing manager job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do closing managers rate their job?