Equipment Finance Rep

Columbus Equipment Co Careers•Columbus, OH

About The Position

Columbus Equipment Company, founded in 1952, is a family-owned business recognized as Ohio's Dependable Dealer in the heavy equipment industry, with ten locations across Ohio and the Midwest. The company is committed to providing the best equipment, product support, customer service, and overall experience, valuing its employees and customers. They are seeking team members to build successful partnerships and offer attractive benefit packages and career tracks. The primary role of the Equipment Finance Rep is to arrange financing for selected Columbus Equipment Company sales for customers.

Requirements

Proficiency in Word, Excel, Adobe etc.
Ability to manage every transaction Cradle to Grave
Works well with and communicates to personnel with clear direction
Key knowledge of Mortgage Calculations

Nice To Haves

Bachelor’s Degree
3 years in Equipment Finance Field

Responsibilities

Primary role is arranging financing for selected CEC sales for customers
Liaison between designated finance companies and CEC
Process credit applications and Submit to various funding sources
Collect financial info from customers when needed
Process credit reports and business reports (Paynet, D&B and CBR’s)
Perform searches on transactions where a trade is included, to assure clear title
Communicate finance approvals to all parties of interest
Negotiate acceptable approvals on behalf of the customer and CEC
Secure pay off’s for Trades on sales transactions
Document finance contracts and send to appropriate recipients
Review invoices related to every sale where financing is provided to the customer
Process/Review all Signed documents and send to the respective funding sources
Notify accounting, inventory mgr. and upper management of funds being received
Process pay off’s for trades and prepare check/wire requests through the VP of Finance
Generate Finance Documentation fees and when appropriate Referral fees. aka Dealer Reserve
Continue to support customer regarding questions that pertain to their finance accounts
Perform searches on all Equipment purchases of the Used Equipment Department
Prepare Subordination letters and send to secured parties to assure trade’s clear title to CEC
Request partial releases of assets that have been found to be secured by other financial institutions
Calculate costs to buy down rates to a lower % than what funding sources and programs offer
Secure Lease pricing on transactions that are outside Mfgr’s programs (3rd Party Funding Source)
Circulate all Finance Programs to the CEC Sales force and understand them
Be well versed in IRS rules regarding depreciation and any tax incentives for Capital Purchases
Assist customer base with refinancing, pay offs, consolidation loans and loan extensions etc.