Equipment Finance Group Quality & Control Specialist

First Commonwealth Bank; Berwyn (PA); Hybride; USD 65 000 - 85 000; Plein temps

Avantages offerts par ce poste

Telecommuting eligible

Résumé du poste

First Commonwealth Bank is seeking a Loan Documentation Specialist to review and book lease and loan documentation in alignment with policy and lien perfection standards. The role focuses on reducing regulatory and credit risks through thorough due diligence, UCC searches, and accurate filing, including motor vehicle titles when applicable.

Ideal candidates have a bachelor's degree in business and at least 1 year of experience with loan documentation, with strong MS Office skills and excellent

Qualifications

• Bachelor's degree in Business Administration, Finance or Accounting or equivalent work experience.
• At least 1 year of experience with loan documentation and due diligence.
• Knowledge of loan structures, lien perfection, UCC searches and vehicle titling.
• Proficient in typing, MS Office, reading/writing/grammar, and analytical or mathematical skills.

Responsabilités

• Provide extraordinary client service by following the Perfect Client Experience (PCE).
• Meet SLAs for client service for internal and external clients in a fast-paced environment.
• Review documentation for accuracy, legibility and acceptability per policies and approval memos.
• Ensure deficiencies and exceptions are properly resolved and signed off by management.
• Verify UCC filings, due diligence items, and funding/wire instructions.
• Enter and verify client/billing and contract information; ensure correct coding.
• Lead process improvements and initiatives to close control gaps and increase efficiency.

Connaissances

Typing

Analytical skills

Interpersonal skills

Communication

Formation

Bachelor's degree in Business Administration, Finance, or Accounting

Outils

Microsoft Office

Description du poste

This role is responsible for review of lease/loan documentation and booking for both direct and indirect transactions. Responsibilities include ensuring adherence to policy and procedures, lien perfection, and maintaining the highest standard of quality for our lease/loan documentation. The functions performed by this team are critical to protecting the company from regulatory and credit risks. This position exercises independent judgment, effectively navigates ambiguity, has a willingness to lead projects and takes ownership of tasks with a sense of urgency.

Essential Job Responsibilities

• Strives to provide extraordinary client service by exercising the Perfect Client Experience (PCE)
• Ensures Service Level Agreements are met with regard to client service for both internal and external clients3. Prioritizes reviews in a fast-paced environment to meet stakeholder and client expectations
• Prioritizes reviews in a fast-paced environment to meet stakeholder and client expectations
• Reviews documentation for accuracy, alterations, legibility and acceptability per FCEF policies and procedures and conditions stated in the credit and asset management approval memo(s)
• Ensures deficiencies are properly resolved
• Ensures any/all exceptions are signed off on by manager
• Ensures UCCs are timely filed
• Ensures required due diligence items have been received and validated including, but not limited to:
• Know Your Customer requirements
• CDD/BO requirements
• OFACs
• UCC searches
• Ensure subordinations/releases obtained to perfect liens/ownership (including proper motor vehicle title work), if applicable
• Proof of insurance
• Entity Corporate documents
• Assignment documents (purchased transactions only)
• UCC-1/UCC-3 preparation
• Invoices/Proof of Payment
• MSO/Titles
• Ensures payment/wire instructions provided by dealer or customer have been verified
• Ensures system is updated and coded properly
• Verifies required advanced monies have been received and proof in file
• Funding approval for transactions less than $300,000 (both direct and indirect)
• Completes Booking Process
• Transfers contract
• Enters/verifies all client/billing and contract information
• Ensures all coding is correct
• Enters important client notes
• Reviews postbook follow up items to ensure issues have been fully cleared / received
• Reviews amendment documentation prior to Sales Support Rep sending to client for signature
• Reviews/ approves Rewrite documentation prior to submitting to Accounting
• Manages initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed
• Prioritizes reviews in a fast-paced environment to meet stakeholder and client expectations
• Review processes and recommends process improvements

Bona Fide Occupational Qualifications

• A Bachelor’s degree in Business (e.g. Business Administration, Finance, Accounting) or equivalent work experience preferred
• One (1) year of experience with loan documentation, with demonstrated expertise in due diligence and perfection processes required.
• Knowledge of loan structures and documentation needs/requirements, loan documentation, collateral, lien perfection, evaluation/review/interpretation of UCC searches and vehicle titling needs and processes preferred.
• Proficient in typing, knowledge of Microsoft Office software, reading, writing and grammar skills, analytical or mathematical skills, and communications and interpersonal relations.
• May be eligible for telecommuting.