Job
Description
Job Description The Equipment Finance Closing Coordinator will contribute to a team environment by coordinating and leading the loan closing process for equipment finance loans. This position will effectively manage the closing timeline to ensure service standards. This position will have direct contact with external customers, lending partners, and legal counsel. The Equipment Finance Closing Coordinator must have strong knowledge and background in the key documentation elements of complex lending arrangements. This position requires excellent communication skills, and the ability to multitask in a deadline-driven fast-paced setting. Essential Functions Responsible for initiating and driving the loan closing process, coordinating the activities, decisions and communications with outside council Review of all loan documentation to ensure that all legal, credit, collateral, and regulatory requirements are included in the documentation. This will include a wide variety of complex commercial documents and contracts, leases, assignments, agreements, and other finance equipment documents. Review entity formation documentation, operating and partnership agreements to verify that the power, authority, and existence of all obligors, guarantors, etc. is obtained and is retained appropriately in company records. Demonstrate knowledge and ability to analyze problems, make decisions, and take measured risks, using available data Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations. Initiate and reconcile funds' movements in accordance with client/lender instructions Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions. Provide information as requested by clients, business partners, or lenders. Ability to establish effective working relationships among team members and participate in solving problems and making decisions Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems and monitoring own work progress, and effectively use resources Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas Coordinate the post-closing Legal Review of all transactions meeting the Association’s criteria for independent review by an attorney on the Legal Team. Coordinate any curative actions required by the independent Legal Review. Work as part of a team Back up co-workers and work with various special projects or other tasks as assigned Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency Education + Experience preferred Bachelor’s degree Experience closing Equipment Finance loans 6-8 years of related experience Analytical, problem solving, and proven decision-making skills Ability to manage concurrent assignments in an effective, efficient, and organized manner Location: this position may be performed remotely or onsite Mon-Thurs if within 40 miles of a Northwest Hub (including but not limited to: Fishers, IN, Columbus, OH, Independence, OH, Buffalo, NY, Pittsburgh, PA) Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. Show more Show less
