Team Leader, Documentation - Equipment Finance
About The Position
The Team Leader, Documentation leads and oversees documentation, funding, and booking for the Leasing Company's lease and loan portfolio. This role manages the multiple-stage closing and funding process for complex middle-market and large-ticket lease transactions, including pre-funding administration and document creation and review. In partnership with the Sales Team, the role negotiates complex transactions and coordinates approvals from appropriate functional areas for nonstandard transactions to ensure regulatory compliance and protect the bank's interests. The role is accountable for accurate and timely transaction booking and funding, documentation negotiations with third-party sources and investors for transactions bought or sold, and tracking and following up on documentation exceptions. It also manages risk by exchanging ideas and raising concerns, following policies and procedures, and identifying, assessing, managing, monitoring, and reporting risks within the Bank's risk appetite. The position promotes positive experiences for customers and colleagues. The Team Leader supervises transaction documentation preparation, negotiation support, funding and booking, and employee development and performance feedback. The position is based in Cincinnati, Ohio.
Requirements
- 10 or more years of related work experience in the leasing industry.
- Proficiency with Microsoft Office products, including Word, Excel, and Access.
- Bachelor's degree required.
- Strong customer service orientation.
- Excellent analytical ability.
- Understanding of varied lease structures and corresponding complex documentation.
Nice To Haves
- Two to five years of direct documentation team lead experience preferred, but not required.
- InfoLease experience preferred.
- Legal background is a plus.
- Business or finance emphasis for the bachelor's degree preferred.
Responsibilities
- Lead and oversee documentation, funding, and booking of transactions for the Leasing Company's lease and loan portfolio.
- Manage the closing and funding process for complex middle-market and large-ticket lease transactions, including pre-funding administration and documentation creation and review.
- Work with the Sales Team to prepare transaction documentation and negotiate larger, more complex transactions.
- Ensure documentation is prepared accurately and promptly, verify that transaction structures can be handled accurately by the system, and follow up for complete documentation packages.
- Ensure negotiated documentation meets Fifth Third Leasing requirements and is submitted for legal, accounting, and tax review as required.
- Coordinate with leasing staff to verify pricing, special credit requirements, residual positions, return provisions, and related transaction details.
- Supervise transaction funding and booking and ensure the accuracy of information entered into the system.
- Coordinate timely and complete transaction documentation and sale or assignment documentation with indirect transaction sources.
- Work with syndication investors before funding to ensure transactions are documented correctly and completely and to facilitate transaction sales.
- Ensure transactions are booked correctly to facilitate servicing and avoid future reconciliation issues.
- Coordinate approvals for nonstandard transactions to meet regulatory requirements and protect the interests of Fifth Third Leasing and the Bank.
- Oversee documentation negotiations with third-party sources and investors for transactions that are bought or sold, and track and follow up on documentation exceptions.
- Manage risk by following policies and procedures, elevating concerns, and identifying, assessing, monitoring, managing, and reporting risks.
- Provide timely, candid, and constructive performance feedback; develop employees; provide career-growth opportunities; build bench strength and succession plans; and recognize and reward employee accomplishments.
Benefits
- Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.
- Eligibility to participate in an incentive compensation plan, with payments based on company, line of business, and/or individual performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
