Equipment Finance Operations Manager

Posted 1ds ago

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Job Description

Equipment Finance Operations Manager overseeing complex commercial loan documentation, title processing, and transaction closings. Leading associates and improving funding operations at Prosperity Bank.

Responsibilities:

  • Manage the entire transaction documentation and closing process for Equipment Finance transactions, including complex structures and third-party documentation from syndicated partners
  • Confirm that underwriting, pricing, and equipment management approval conditions have been satisfied
  • Determine appropriate action for documentation contradictions and escalate issues as needed
  • Escalate potential risks discovered during funding, including potential fraud
  • Interpret and develop commercial loan documents for collateral associated with complex commercial loans
  • Resolve complex documentation issues and identify operating practice improvements
  • Consult with customers and dealers regarding loan documentation satisfaction
  • Prioritize fluctuating workloads and meet demanding funding deadlines
  • Execute titling documentation, research titles, and resolve title issues within company timelines
  • Interface with customers, sales, credit, collections, accounting, and DMV agencies to ensure titles are properly processed
  • Identify and address documentation and lien-position perfection issues affecting commercial loan funding
  • Control and prioritize work queues for new lease and loan transactions
  • Lead and manage the team through consistent training, development, and coaching
  • Encourage challenging goals and high performance standards

Requirements:

  • Bachelor’s degree preferred; equivalent combination of education and experience is acceptable
  • Minimum of 5 years of experience in the lease, loan, or mortgage industries
  • Experience with Salesforce CRM is a plus
  • Results-oriented work ethic and high level of personal initiative
  • Extremely detail-oriented and conscientious
  • Ability to maintain effective working relationships with co-workers and management
  • Adaptable to change
  • Proficiency with Microsoft Office Suite
  • Ability to work well in a fast-paced environment
  • Excellent written and verbal communication
  • Ability to interpret legal and entity documents and commercial loan documentation
  • Ability to compute discount, interest, profit and loss, commission markup and selling price, ratio, proportion, and percentage
  • Ability to perform very simple algebra
  • Sedentary physical work; able to exert up to 25 lbs. of force occasionally

Benefits:

  • Equal Opportunity Employer statement
  • Sedentary office work environment
  • No hazardous or significantly unpleasant working conditions stated