Team Leader, Documentation - Equipment Finance

Fifth Third Bank; United States; On-site; USD 97,000 - 208,000; Full time

Job summary

Fifth Third Bank is seeking a Team Leader, Documentation for Equipment Finance in Cincinnati, Ohio. The role oversees the preparation, negotiation and funding of complex lease and loan documents, ensuring accuracy and timely booking in our systems.

You will coach a Direct Doc Team, manage risk, and coordinate with Sales, Legal, Accounting and Tax to protect the bank's interests while delivering a superior customer experience.

Qualifications

• 10+ years related work experience in the leasing industry.
• 2-5 years of Direct Doc Team Lead experience preferred.
• Proficient with Microsoft Office (Word, Excel, Access).
• InfoLease experience preferred.
• Legal background a plus.
• Bachelor's degree in business or finance.
• Strong Customer Service Orientation.
• Excellent analytical ability.
• Understanding of varied lease structures and complex documentation.

Responsibilities

• Oversee transaction documentation preparation with Sales to ensure timely, accurate packages.
• Assist Sales with doc negotiation and supervise follow-up for complete documentation packages.
• Negotiate larger, more complex transactions with Sales.
• Ensure docs meet Leasing requirements and are reviewed by legal, accounting, and tax.
• Coordinate with leasing staff to verify pricing, credit requirements, residuals and return provisions.
• Supervise funding and booking accuracy in the system.
• Coordinate with indirect sources to obtain timely receipt of docs and sale/assignment papers.
• Work with Syndications investors prior to funding to ensure correct documentation.
• Ensure transactions are correctly booked to aid servicing and reconcile issues.

Skills

Leasing industry experience

Doc Team Lead

Microsoft Office

Legal background

Customer service

Analytical ability

Lease structures

Education

Bachelor's degree in Business or Finance

Tools

InfoLease

Job description

Make banking a Fifth Third better®We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Make banking a Fifth Third better®We 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

Leads and oversees the documentation, funding, and booking of transactions for the Leasing Company's lease and loan portfolio. Manages and directs all aspects of a multiple stage process to facilitate the closing and funding of complex middle market - large ticket lease transactions. Manages all pre-funding administration, including documentation creation, and review. Also, in conjunction with the Sales Team, accountable for the negotiation of complex transactions. Coordinates approvals from appropriate functional areas for transactions outside the norm to insure that regulatory compliance is met, and the bank's interests are protected. Responsible for the accurate and timely booking and funding of transactions. Oversees documentation negotiations with third party sources and investors for transactions that are bought or sold. Also, accountable for tracking and following up on documentation exceptions.

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 and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties And Responsibilities

• Working closely with the Sales team, oversees transaction documentation preparation. Insures that appropriate documentation is prepared for transactions in a timely and accurate manner. Verifies that the system can handle the transaction structures accurately.
• Assists Sales Team with documentation negotiation and supervises the follow up for complete documentation packages.
• Works directly with the Sales team to negotiate the larger, more complex transactions.
• Insures that, if documentation is negotiated, it meets all Fifth Third Leasing requirements and is submitted for legal, accounting, and tax review as required, to protect the interests of Fifth Third Leasing and the Bank.
• Coordinates with other leasing staff, as required, to verify pricing, special credit requirements, residual positions, return provisions, etc.
• Supervises the funding and booking process. Responsible for the accuracy of all information to be input into the system to insure correct booking of transactions.
• Works closely with indirect sources of transactions to coordinate the timely and complete receipt of transaction documentation, as well as all sale/assignment documentation.
• Works closely with Syndications investors prior to funding to ensure that the transaction is documented correctly and completely to expedite sales of transactions. Insures transactions are correctly booked on the system to facilitate servicing and avoid future reconciliation issues.

Supervisory Responsibilities

Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Minimum Knowledge, Skills And Abilities Required

• 10 plus years related work experience in the leasing Industry.
• 2-5 years of Direct Doc Team Lead experience is preferred but not required.
• Proficient with Microsoft Office products, including Word, Excel, & Access.
• InfoLease experience preferred.
• Legal Background a plus.
• Bachelor's degree required (Business or finance emphasis preferred).
• Strong Customer Service Orientation.
• Excellent analytical ability.
• Understanding of varied lease structures and corresponding complex documentation.

Team Leader, Documentation - Equipment Finance

Total Base Pay Range 96,500.00 - 207,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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.