Equipment Finance Specialist 1

Job Description

Job Description

Position Summary : The Equipment Finance Specialist 1 performs a variety of equipment lending / leasing responsibilities including producing loan / lease documents, posting payments, filing collateral documents, creating reports, producing, and mailing loan / lease statements. This role is eligible for hybrid work from home opportunity under the work from home guidelines up to one day per week upon completion of onboarding.

Essential Functions :

• Demonstrate thorough understanding of all bank policies including bank loan and leasing policies, government regulations, and compliance requirements.
• Prioritize daily work queue to ensure documentation is ready for scheduled closing.
• Assess lease / loan presentations for completeness and adherence to all bank policies, including lease / loan policy, government regulations, and compliance requirements.
• Acquire and demonstrate knowledge and expertise on product concepts for 8 lease types, multiple loan types as well we Equipment Finance agreements and guidance lines and lines of credit.
• Acquire and demonstrate knowledge and expertise on various channels of direct customers, third party, originators, vendors, and other referral sources.
• Verify proper approval of all variances from lease / loan presentation summary prior to document generation.
• Interact with loan officers and customers, as needed, to acquire necessary information to complete documentation of payments, processing sales tax and personal property tax, when applicable, insurance, titling / UCC requirements, and terminations or payoffs.
• Complete documentation requirement checklists and coding information on the bank’s software systems.
• Generate initial, closing, amended, and turn down documentation including but not limited to notes, guidance lines, security documents, amendments, guaranty, and entity lending resolutions and Secretary’s Certificate of Authority.
• Review, recommend and request approval of documentation and funding portions of transactions.
• Serve as backup to Equipment Finance Specialist 1.
• Acquire and demonstrate knowledge and expertise in Aspire (end to end solution), nCino, and Navigator (mainframe system).
• Process daily payments from incoming / outgoing wires, checks and Automated Clearing House (ACH) transactions in two software systems. Produce and mail payment statements and rate change notices.
• Contact customers when past due payments are applicable.
• Create monthly reports using the banks’ software programs.
• Understand and adhere to all bank policies, laws, and regulations applicable to position. Complete compliance training, follow internal processes and controls as required.
• Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
• Performs other job-related duties or special projects as assigned.
• Regular and reliable attendance is an essential function of this position.

Qualifications :

Working Environment :

Indoor work – not exposed to outdoor elements or hazards.

Some sedentary work and occasional lifting and / or carrying up to 20 pounds.

This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.

PLEASE VIEW THE APPLICANT TERMS & CONDITIONS BEFORE PROCEEDING WITH YOUR APPLICATION.