Equipment Finance Closing Coordinator

5 days left

Location
Edina, Minnesota
Posted
Jun 03, 2022
Closes
Jul 03, 2022
Job Type
Employee
Employment Status
Full Time

 

Merchants Bank Equipment Finance, located in Edina, has an opening in our closing area for a Document Transaction Coordinator.

Duties of this position include document preparation, closing, funding and booking of new equipment finance contracts.  Also includes communicating with customers and vendors and other administrative activities.

A degree in Business or Finance preferred. In the absence of a degree, this position will require at least 5 years of relevant work experience in the equipment finance industry.  Must be able to work in a fast-paced environment and have excellent communication skills.  Solid Microsoft Office skills required.

Job Summary:

Primary responsibilities are to assist in the documentation/closing/funding function for vendor originated transactions of Merchants Bank Equipment Finance (“MBEF”).  Activities include document preparation, closing, funding new transactions, maintaining credit and contract files of vendor originated transactions and assisting other staff members with traditional equipment finance administration functions. 

Essential Responsibilities:

Contract Underwriting:  These responsibilities include the documentation, closing, funding and booking of new equipment finance contracts originated by MBEF’s sales origination team and approved for underwriting by a member of MBEF’s credit underwriting team and/or credit committees.  

Customer relationships:  While not directly responsible for the origination of new business, this position is expected to regularly represent the MBEF team in communications and interactions with customers and vendors together with functioning as a member of the MBEF customer service team. 

Equipment Finance Administration:  This position will assist the Document Transaction Manager/Officer, as needed, in traditional equipment finance administration functions.  These activities will include securing appropriate insurance binders, completing UCC filings, documenting and closing financing transactions purchased from other financial institutions and completing other administrative activities as needed.

Other duties as assigned:  The operations of MBEF are managed by a small group of professionals.  As a result, this position will be required to assist the organization in matters not specifically outlined in this job description on an as needed basis.  Employee will be expected to contribute to a positive working environment through words and actions, and greet internal and external customers in a friendly and outgoing manner.  Employee will be expected to take responsibility to insure that internal and external customers receive outstanding service.  Regular and dependable attendance is an essential function of the job.  Employee may be asked to perform other duties as required by business needs.  Employee will be expected to complete compliance and product knowledge assignments in a timely manner.

Position Requirements

A degree in business administration with a strong background in finance, a finance degree or other business related degree.  In the absence of a degree, this position will require at least 5 years of relevant work experience in the equipment finance industry.

The ability to work in a fast paced environment and manage many tasks or projects concurrently is required.  Excellent organizational skills and oral and written communication are a must.

Solid skills in a Windows-based Microsoft Office computer environment are required. 

Relationships

Responsible to the Document Transaction Manager/Officer for the fulfillment of duties, responsibilities, and for proper interpretation of role.

Please click on Apply Now.  Questions can be emailed to nlmessenger@merchantsbank.com Merchants Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities. 

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