Team Leader, Documentation - Equipment Finance
Fifth Third · Remote · Cincinnati, United States · 9d ago
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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.
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 45202Attention 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.