Finance Coordinator

WSFS Bank•Philadelphia, PA

About The Position

NewLane Finance Company (“NewLane”) is a commercial equipment finance company, serving small and mid-size businesses nationwide. Their strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions with unmatched levels of speed, convenience, and customer service. NewLane is a majority-owned subsidiary of WSFS Bank, a $20+ billion financial organization. NewLane Finance is seeking a Finance Coordinator with documentation experience to work collaboratively with NewLane’s Business Development Representatives. The qualified candidate will be responsible for daily interaction with NewLane’s Vendor and Broker community, preparing and assessing the accuracy of documentation and funding packages, while providing effective customer service to NewLane’s internal and external customers.

Requirements

Ability to work independently as well as collaboratively within a cross functional team.
Proven ability to perform in a dynamic, high volume, transaction processing environment.
Strong organizational skills and attention to detail.
Excellent verbal and written communication skills.
Provide exceptional customer service.
Candidate should be self-motivated and possess a desire to learn.
Possess a positive and “customer-centric” attitude, adhering to the core values of NewLane Finance.
3+ years of experience in similar administrative role (i.e., Loan Processing, Documentation Review roles).
Strong interpersonal skills and ability to leverage relationship building skills.
Excellent computer skills to include, MS Office, Word, Excel, PowerPoint.
Proven ability to multi-task effectively in a fast paced, deadline-oriented sales environment.
Customer service focus and a professional approach to servicing B2B relationships.

Nice To Haves

Leasing/financial industry/banking sector is preferred.
Bachelor’s Degree in related field preferred but not required.
Title vehicle documentation experience desired but not required.
Finance agreement/documentation review experience preferred.

Responsibilities

Work collaboratively with Business Development Representatives to help close equipment finance transactions or to correct document deficiencies in an efficient and in a timely manner.
When needed, provide transaction status updates to Business Development Representatives.
Using DocuSign, prepare, review, send, and maintain finance end user agreements and related documents for approved transactions.
Ensure all executed agreements and related documents are accurate and complete according to NewLane’s policy and procedure guidelines.
Using Cloud Lending and related Salesforce applications, set up finance transaction for proper billing and servicing.
Assist customers and dealers with closing process requirements, such as, but not limited to, clearing documentation stipulations, agreement terms and conditions.
Complete welcome call with new customers to ensure all documentation terms and agreements are accurate.
Perform fraud checks and due diligence while documenting and authorizing funding for new contracts.
Prepare, authorize and issue purchase order agreements to 3rd party equipment dealers.
Assist Credit Management with ad-hoc projects.
Comply with audit and documentation policy and procedure requirements.
Must understand, abide and uphold audit procedures and internal controls related to essential duties and responsibilities.