- Manage the entire transaction documentation and closing process for Equipment Finance lease/loan transactions.
- Active member of the deal team working directly with the client, relationship manager, portfolio manager, asset manager, legal and pricing manager to ensure that policy, compliance and regulatory matters necessary for closing are addressed early in the process.
- Effectively manages and prioritizes work queues for new lease/loan transactions.
- Proactively manages work-in-progress within the closing calendar, balancing the needs of multiple internal and external stakeholder simultaneously.
- Ensures that transactions are documented and closed per the instructions and conditions stated in the credit and asset management approval memo(s).
- Work with their manager to determine, obtain and analyze required due diligence items including, but not limited to:
- Know Your Customer requirements
- UCC searches
- Proof of insurance
- Entity Corporate documents
- Assignment documents
- UCC-1/UCC-3 preparation
- Invoices/Proof of Payment
- MSO/Titles
- Confirm wire instructions provided by vendor or customer are correct and accurate.
- Prepares appropriate documentation in compliance with the terms of the request.
- Obtain all necessary approvals including accounting, tax, pricing, and legal to ensure that
- Work with their manager to determine if enlisting assistance from legal counsel to advise on specific transaction issues and unresolved legal matters pertaining to transaction documentation is required.
- Promptly and accurately determine when all underwriting, pricing and/or equipment management approval conditions for funding have been satisfied. Take appropriate actions to resolve deficiencies and if not able to resolve themselves, escalates disputes to appropriate level.
- Prepare ACE Transaction and funding communication to ensure proper disbursement of funds via wire, deposit account and check payments.
- Ensure proper filings are made and, if applicable, 3rd party subordinations/releases obtained to perfect Fifth Third's liens/ownership (including proper motor vehicle title work).
- Ensure effective communication and coordination with applicable departments to finalize interim draws.
- Thoroughly understand equipment lease/loan documentation and other source data to ensure proper boarding of all aspects of the transaction into the accounting system.
- Board lease/loan transactions to the accounting system.
- Take proactive steps to ensure that follow up items are received on a prompt and timely basis.
- Ensure all goals and departmental service standards are met.
- Escalate issues to appropriate personnel as necessary.
- Participate in projects as assigned.
- Present suggestions on efficiency improvements for the department.
- Equipment Loans, including outside counsel prepared
- Finance Leases
- Tax Leases
- Synthetic Leases
- Interim Financing Products
- Municipal Transactions, including outside counsel prepared
- Leverage Leases
- Rail Financing
- Syndicated Transactions
- Aircraft Financing
- Solar Leases
- 3-5 years' experience with lease/loan documentation, with demonstrated expertise in due diligence and perfection processes preferred.
- Bachelor's degree in Business (e.g. Business Administration, Finance, Accounting) or equivalent work experience preferred.
- Proficient knowledge of lease and loan structures and documentation needs/requirements.
- Knowledge of equipment lease and loan documentation, collateral, lien perfection, evaluation/review/interpretation of UCC searches and vehicle titling needs and processes strongly preferred.
- A working knowledge of bank accounting/boarding systems.
- Working knowledge of bank policies and procedures.
- Proficient with all Microsoft Office products.
- Strong attention to detail and organizational skills.
- Effective problem solving and analytical skills, with ability to handle and prioritize multiple tasks.
- Ability to work independently, with minimal direction.
- Solid decision-making and trouble-shooting skills.
- Solid verbal and written communication skills, with a team player attitude.
- Comfortable interacting with corporate customers and peers.
- Ability to meet deadlines under pressure.
-
Document Control Specialist
2 days ago
Talascend Des Plaines, United StatesTalascend is currently seeking a Document Control Specialist for a contract opportunity in Des Plaines, IL · RESPONSIBILITIES: · This role is for a Material Analyst who requisitions equipment for UOP customer projects. The individual will interface with the project PM, Procure ...
-
Material Analyst/Document Control Specialist
1 week ago
Kronos Consulting Des Plaines, United StatesJob Description · Job DescriptionThis role is for a Material Analyst who requisitions equipment for UOP customer projects. The individual will interface with the project PM, Procurement and Finance to resolve vendor and payment issues. · • Support Equipment and Engineering Projec ...
-
Kronos Consulting Des Plaines, United StatesJob Description · Job DescriptionCurrently 100% remote but could change to Hybrid · Travel is not required · Description: · Kronos has a long history of avionics engineering working with some of the largest aircraft integrators in the world. We always provide our partners with 1 ...
-
Documentation Specialist
2 weeks ago
Bank Of Montreal Chicago, United StatesSupports all sales forces in the opening, maintenance and closing of accounts and services. Directly impacts the banks ability to meet manage risk and regulatory requirements through the timely preparation, review and analysis of treasury management agreements and deposit account ...
-
Document Specialist
2 weeks ago
GTT, LLC Abbott Park, IL, United States TemporaryDocument Specialist · Contract Duration 5+ Months · The Document Specialist must possess 1-2 years of experience or application/environment-specific knowledge to perform tasks where large quantities of information, data, or documents need to be maintained or manipulated in a st ...
-
Documentation Specialist
3 weeks ago
Collabera North Chicago, United StatesHome · Search Jobs · Job Description · Documentation Specialist · Contract: North Chicago, Illinois, US · Salary: $28.00 Per Hour · Job Code: · End Date: · Days Left: 10 days, 3 hours left · Apply · Responsibilities:Generate document templates for Analytical Development ...
-
Documentation Specialist
1 week ago
SmartBiz Chicago, United StatesCommitted to DEI&B - Mogul Diversity Badge, 2022 · Great Place to Work Certified, August August 2023 USA · Overview · SmartBiz is on a mission to transform small business banking. SmartBiz is the leading technology-powered small business financing platform equipping entrepreneur ...
-
Documentation Specialist
3 weeks ago
COMMERCIAL CREDIT GROUP Naperville, United StatesJob Description · Job DescriptionDocumentation Specialist – Equipment Finance · Naperville, IL · Commercial Credit Group Inc (CCG) is an independent national commercial equipment finance and leasing company focused on purchase money and refinance transactions in the construction ...
-
Clinical Documentation Specialist
4 hours ago
Aperion Care Lincolnwood, United StatesClinical Documentation Specialist · ** RN or LPN ** · SUMMARY: · In this role, you will play a crucial part in reviewing and responding to commercial and governmental payer audit activity. Your primary focus will be on resolving audit requests promptly and accurately. · ESSEN ...
-
Document Specialist
2 weeks ago
GTT, LLC Abbott Park, IL, United States TemporaryDocument Specialist · Contract Duration 5+ Months Job Description · The Document Specialist must possess 1-2 years of experience or application/environment-specific knowledge to perform tasks where large quantities of information, data, or documents need to be maintained or man ...
-
Documentation Specialist
1 week ago
Collabera North Chicago, United StatesHomeSearch JobsJob DescriptionDocumentation SpecialistContract: North Chicago, Illinois, USSalary: $28.00 Per HourJob Code: 349225End Date: Days Left: 24 days, 3 hours leftApplyResponsibilities:Generate document templates for Analytical Development team.Draft reports to support R ...
-
Documentation Specialist
1 week ago
Bank of Montreal Chicago, United StatesApplication Deadline: · 06/15/2024 · Address: · 320 S Canal Street · Job Family Group: · Customer Shared Services · Supports all sales forces in the opening, maintenance and closing of accounts and services. Directly impacts the bank's ability to meet manage risk and regula ...
-
Document Conversion Specialist
1 week ago
Adecco US, Inc. Melrose Park, United States**Adecco is seeking a dedicated and detail-oriented Document Conversion Specialist for a 5-month temporary assignment. The primary responsibility of this role is to convert MS Word documents from an existing legacy MS Word 97 format to a new MS Word *.docx template format. Please ...
-
Clinical Documentation Specialist
2 weeks ago
Oak Street Health Chicago, United States Full timeDescription · Company: Oak Street Health · Title: Clinical Documentation Specialist (Full-time) · Location: Remote / Central · Company Description · Oak Street Health believes everyone deserves great healthcare – the kind you'd want for your own family. We specialize in provi ...
-
Document Production Specialist
1 week ago
Jenner & Block Chicago, United StatesABOUT JENNER & BLOCK · Jenner & Block ) is a law firm with global reach, with more than 500 lawyers and offices in Chicago, London, Los Angeles, New York, San Francisco and Washington, DC. The firm is known for its prominent and successful litigation practice and experience handl ...
-
Document Specialist
2 weeks ago
DivIHN Integration Hoffman Estates, United StatesThis job was posted by : For moreinformation, please · For further inquiries regarding the following opportunity, pleasecontact one of our Talent Specialist · Title:Document Specialist · Duration:5 months · Start Time (AM/PM): 8 AM · End Time (AM/PM): 5 PM · Description: · This ...
-
Medical Documentation Specialist
2 weeks ago
ConvaTec Chicago, United States Full timeMake a positive difference in others' lives at a job where you can say you truly love what you do · 180 Medical has once again been voted one the Best Places to Work in our home state. · Our employees enjoy: · •Competitive pay plus incentives, gift cards, etc. · •Eligible to pro ...
-
RN Clinical Documentation Specialist
2 weeks ago
NorthShore PC Service Skokie, United StatesRN Clinical Documentation Specialist · Position Highlights: Position: RN Clinical Documentation Specialist · Location: Skokie, IL · Full Time/Part Time: Full-time · Hours: Monday-Friday 8:00am-4:30pm · What you will do:Review medical records for conflicting, incomplete, or n ...
-
Medical Documentation Specialist
2 weeks ago
180 Medical Chicago, United States Full timeMake a positive difference in others' lives at a job where you can say you truly love what you do · 180 Medical has once again been voted one the Best Places to Work in our home state. · Our employees enjoy: · •Competitive pay plus incentives, gift cards, etc. · •Eligible to pro ...
-
Quality Documentation Specialist
6 days ago
Labor Solutions Professional Glendale Heights, United StatesJob Description · Job DescriptionWe are seeking a detail-oriented and organized Quality Document Specialist to join our team. The Quality Document Specialist will be responsible for ensuring the accuracy and completeness of all documentation is compliant. This position requires s ...
Equipment Finance Documentation Specialist - Rosemont, United States - Fifth Third Bank
Description
Make banking a Fifth Third betterWe connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION:
The Equipment Finance Documentation Specialist is responsible for all aspects of documenting, closing and funding Equipment Finance lease transactions.
This position will interface with the client, relationship manager, portfolio managers, asset managers, legal and pricing managers for all matters related to the due diligence, documentation, perfection, closing and funding, and thus must be able to coordinate with and influence multiple parties while driving toward the shared goal of an excellent client experience.
Ensures that all documents required for closing are in place and coordinates judgmental "clear to close" decisions and any document or process exceptions with their manager or mentor.
The Equipment Finance Documentation Specialist will prepare all lease/loan documents required for closing, and ensure that the business' equipment liens and/or ownership are properly perfected in accordance with legal requirements, and Fifth Third Bank Policies and Procedures.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns and personally following policies and procedures as defined.
Accountable for always doing the right thing for customers, colleagues and the business and ensure that actions and behaviors drive a positive customer experience.
While operating within the Bank's risk appetite, achieves results by working with their manager to consistently identify, assess, manage, monitor and report risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Transaction types include, but are not limited to:
SUPERVISORY RESPONSIBILITIES:
None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made.
All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently.
This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.Equipment Finance Documentation Specialist
LOCATION Cincinnati, Ohio 45202
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
