Job Description
About the position
Citizens Asset Finance (CAF) is headquartered in Johnston, RI and provides
secured finance transactions for commercial clients.
Products include loans, capital leases, synthetic leases, leveraged leases, direct finance leases and
operating leases. CAF operates on a national business platform providing
coverage to the equipment financing industry throughout North America.
The Lead Documentation Coordinator is a critical member of the CAF documentation
team, who is responsible for ensuring that leases and loans with complex
structures and/or documentation requirements are documented and closed in
accordance with credit approval, product guidelines and regulatory requirements,
as well as approving outgoing funds to clients and vendors. The incumbent will
have the following primary responsibilities:
- Responsibilities
- Review documentation packages prepared by Documentation Coordinators and outside legal counsel including documentation and collateral (invoice/asset)review, outgoing wire validation and approval and pre-bookings entered intosystem.
- Perform appropriate due diligence to ensure all conditions precedent are met prior to closing / funding a transaction
- Research and resolve complex operational issues
- Must be well versed in UCC requirements to review UCC searches, UCC1, UCC3
- Assist in the development, implementation, and training on any new processes, tools or software enhancements
- Be able to review documents that CAF purchases and facilitate funding and pre-booking in system of record
- Support the Documentation Manager in establishing and maintaining appropriate procedures, training materials, control environment, metrics and reporting
- Act as an informal resource for colleagues on the team
- Requirements
- Requires 5+ years of related experience in financial services
- Understanding of lease and loan documentation requirements
- Self-motivated with an ability to adapt and adjust to changing conditions and priorities
- Have a collaborative style, be flexible, and have an ability to partner with other team members across global time zones
- An evidenced and accomplished history of independent problem solving
- Established track record of delivery results in a complex environment
- Ability to effectively manage multiple priorities through planning and time management
- Demonstrated motivation to assist with team goals
- Bachelor’s Degree required
- Nice-to-haves
- Prefer advance knowledge of post-approval to loan closing process for equipment finance transactions. Prefer strong knowledge of lease accountingsystem
- Prior supervisor experience a plus
- Paralegal preferred
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