Equipment Finance Originations Specialist - Office Imaging

Overview
This position provides support to the Equipment Finance credit application process. Processes and prepares closing documents for Equipment Loans in accordance with the Bank lending policies, procedures, regulatory compliance and secondary market requirements. Verifies accurate and complete documentation for applications received. May guides less experienced specialists on the team through knowledge in the area of work, and is reserved for more senior level specialist.
Responsibilities

• Works with the BU and various functional teams for the onboarding of new relationships/structures including due diligence (coordination with Legal, Credit and Compliance) and establishment of efficient process/workflows
• Full understanding of the deal structure, program parameters and supporting documentation required
• Efficiently and effectively manages the credit application process, acting as a conduit between the partner and CIT for relevant transactional information; includes set up of deal and related parameters in CCEx
• Review of all deal documents to ensure they are complete and correct, economics & pricing are appropriate
• Coordination with Credit, BD, Legal, AMO, Corp INS and Tax to review and obtain necessary approvals on documentation/ deal parameters in preparation for funding or any mid-term modification/interruption requests
• Efficient and accurate booking and funding of the deals through either a UCI load process, CCEX or manual booking template
• Performs day-to-day activities that ensure effective management of all accounts and superior portfolio performance including minimal delinquencies/losses and meeting of EOT residual realization, where applicable
• Manages application of cash and monitoring of unapplied expense accounts to ensure cash is posted timely
• Reconciliations, reporting and completing portfolio analysis; working closely with all Finance groups to monitor and ensure that all activity is correctly reflected in the system. This includes responsibility for proper tax coding and lease classification.
• Establishes strong working relationships with each partner to proactively resolve all issues; understanding of the partners internal processes;
• Regular communications/meetings with partners and internal teams to gauge portfolio performance
• Monitors and escalates changes in customer financial status and payment patterns through the loss mitigation process to mitigate losses for assigned portfolio

Qualifications

• BS/BA degree preferred
• 3 + years of inside sales, sales Support or Senior customer service support Required
• Good working knowledge of finance structures and economics preferred
• Committed, Self-Managed, Proactive, Critical Thinker and Problem Solver
• Exceptional communication skills: Verbal and Written
• Functions well independently and in a team orientated environment; ability to analyze large datasets and make independent decisions within scope of authority preferred
• Prioritize work and quickly evaluate a situation to find best solution for client and FCB
• Strong organizational skills, detail oriented, ability to multi-task in fast-paced environment; project management skills are an asset
• Advanced Excel skills - pivot tables, Vlookups & analyzing data
• Strong prior relationship management and customer-centric mindset required, ability to educate vendor partners and internal departments on FCB processes
• Infolease, PEGA and CCEx knowledge are an asset