Fifth Third Bank · 23 hours ago
Equipment Finance Sr Doc Specialist
Rosemont, IL
Full-time
Onsite
Senior Level
$82K/yr - $172K/yr
6+ years expFifth Third Bank is committed to connecting great people to great opportunities and is seeking an Equipment Finance Senior Documentation Specialist. This role is responsible for managing all aspects of documenting, closing, and funding Equipment Finance transactions while ensuring compliance with legal and regulatory requirements to enhance the client experience.
BankingCommercial LendingFinanceFinancial ExchangesFinancial ServicesLendingMedia and EntertainmentMortgage
Responsibilities
Manage the entire transaction documentation and closing process for Equipment Finance, Aircraft and Vessel transactions
Active member of the deal team working directly with the client, relationship manager, inside or outside attorney, portfolio manager, asset manager, syndication manager and pricing manager providing expertise to the team and client to ensure that policy, legal, compliance and regulatory matters necessary for closing are addressed early in the process
Effectively manage and prioritize work queues for new lease/loan transactions
Proactively manage work- in-progress within the closing calendar, balancing the needs of multiple internal and external stakeholder simultaneously
Ensure that transactions are documented and closed per the instructions and conditions stated in the credit and asset management approval memo(s)
Lead efforts 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; FAA & IR searches and filings; Coast Guard searches and filings; STB searches and filings
Confirm wire instructions provided by vendor or customer are correct and accurate
Prepare appropriate documentation in compliance with the terms of the request, including determining whether outside counsel involvement is necessary based on equipment type or transaction structure
Obtain all necessary approvals including accounting, tax, pricing, and legal to ensure that transactions meet the requirements of and protect the interests of Fifth Third Bank
Enlist and coordinate assistance from legal counsel to advise on specific transaction issues and unresolved legal matters pertaining to transaction documentation
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, FAA/IR registration and Coast Guard)
Ensure effective communication and coordination with applicable departments to finalize interim draws
Thoroughly understand 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
Prepare all necessary amendments and post-closing adjustment documentation, and ensure all required approvals are received
Escalate issues to appropriate personnel as necessary
Assist department Team Leads, as necessary, with review and approval of co-worker documentation packages
Mentor new employees
Participate in projects as assigned
Present suggestions on efficiency improvements for the department
Transaction types include, but are not limited to: Loans; Finance Leases; Tax Leases; Synthetic Leases; Interim Financing Products; Aircraft Financing; Vessel Financing; Rail Financing; Municipal Transactions; Leverage Leases; Indirect Transactions; Syndicated Transactions
Qualification
Required
6-10 years' experience with Equipment Finance lease/loan documentation, knowledge of Aircraft and Vessel perfection requirements, with demonstrated expertise in due diligence and perfection processes
Bachelor's degree in Business (e.g. Business Administration, Finance, Accounting) or equivalent work experience preferred
Proficient knowledge of Equipment Finance lease/loan structures and documentation needs/requirements, including Aircraft, Vessel and Rail
Thorough knowledge of Equipment Finance documentation, collateral, lien perfection, evaluation/review/interpretation of UCC searches and vehicle titling needs and processes, FAA/IR, Coast Guard and STB perfection
Proficient working knowledge of lease accounting/boarding systems (Infolease and Rapport knowledge a plus)
Proficient knowledge of bank policies and procedures
Proficient with all Microsoft Office products
Strong attention to detail
Demonstrated expertise in using effective problem solving and analytical skills, with ability to handle and prioritize multiple tasks
Ability to work independently
Strong decision-making skills
Strong verbal and written communication skills, with a team player attitude
Ability and confidence to interact with corporate customers and peers
Ability to meet deadlines under pressure
Benefits
Comprehensive benefits
Incentive compensation plan
Company
Fifth Third Bank
Fifth Third Bancorp is a financial services company that specializes in small business, retail banking, and investments. It is a sub-organization of Fifth Third Bank.
10001+ employees
H1B Sponsorship
Fifth Third Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2021 (2)
2020 (43)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
B
Bryan Preston
Chief Financial Officer
Maria Holmes
VP, Senior Manager Corporate Sponsorship
Recent News
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