Equipment Finance Group Quality & Control Specialist
First Commonwealth Bank•Easttown Township, PA
•Hybrid
About The Position
This role is responsible for the 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.
Requirements
- One (1) year of experience with loan documentation, with demonstrated expertise in due diligence and perfection processes required.
- Proficient in typing, knowledge of Microsoft Office software, reading, writing and grammar skills, analytical or mathematical skills, and communications and interpersonal relations.
Nice To Haves
- A Bachelor’s degree in Business (e.g. Business Administration, Finance, Accounting) or equivalent work experience preferred
- 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.
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 clients
- 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, subordinations/releases obtained to perfect liens/ownership (including proper motor vehicle title work), 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
- Review processes and recommends process improvements
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
