Position Summary Under general supervision, responsible for creating or reviewing all necessary lease and loan documentation for the most complex leases. Works with internal resources to document, track and price assigned leases. Responsible for completing all UCC filings. Oversees and may lead the work of other Lease Contract Specialists.
Effectively reviews complex middle market lease approvals and informal information sheets in order to create or review all the necessary lease and loan documentation, including any non-standard and additional paperwork to meet all of the requirements of the CR (Credit Request). Oversees and reviews documentation created by other Lease Contract Specialists.
Works closely with account officer, broker or discounter, sales officer, customer or vendor to coordinate all aspects of the lease or loan paperwork in order to meet the funding deadline. Covers all costs including foreign exchange rate locks, tax and billing information up front and communicates with the account officer, vendor or broker/discounter on any outstanding issues. Establishes and develops relationships with Bank customers to enhance future business opportunities.
Identifies and negotiates complex language or issues. Identifies and proposes document language and solutions to any outstanding issues for approval by Documentation Manager, credit officer or counsel.
Creates any and all amendments and addenda and/or oversees the creation of said documents. Communicates any changes to all interested parties.
Accurately creates and completes BOW systems input sheets and disbursement sheets for each transaction detailing all aspects of the deal for vendor payments, customer reimbursements, invoicing, pricing spreads and tax information for tax reporting purposes. Assists and reviews junior Lease Contract Specialists to ensure BOW document standards.
Confirms and updates pricing using the appropriate price modeling tools prior to sending out docs and again at time of funding. May assist manager in reviewing pricing with junior Lease Contract Specialists prior to funding.
Accurately completes UCC filings as required on a timely basis. Orders/analyzes UCC searches and creates all necessary release/subordination documents for signature by secured parties prior to funding.
Communicates proper title preference for titled vehicles and tracks and follows for receipt of original titles.
Oversees the organization of documents of each file to ensure original chattel is placed in vault and files are properly assembled and secured in designated file cabinets. Directly responsible for tracking and receiving any follow-up items.
May act in lead capacity, overseeing the work of other specialists.
Performs other duties as assigned.
Required Education or Equivalent Experience
Associates degree in related field or equivalent combination of education and experience.
Bachelor's degree preferred.
6-8 years of leasing and contract experience
Field of Experience
Thorough knowledge of legal concepts; legal entities and significance of proper legal name; elements of a lease contract and purpose thereof; Master Lease, Schedule, Guaranty, Acceptance, End of Lease documentation, Opinion of Counsel; as well as intent and purpose of Uniform Commercial Code; Title of equipment; DMV; and Real Property Waivers.
Strong understanding of both the credit approval process and all lease structures to the effect of its interrelationship of economic, legal and accounting issues.
In-depth understanding of cost in various contexts and the ability to perform calculations within the established guidelines.
Thorough knowledge of the difference between business and legal issues and who can resolve problems relating to specific kinds of issues.
Ability to propose document language for approval by manager, credit officer or counsel.
Thorough understanding of BOW policy and procedures.
In-depth knowledge of leasing documents, approval memos and information sheets with a thorough understanding of the purpose and use of each document and ability to ensure all requirements are met.
Strong knowledge of lease accounting software programs.
Ability to handle complex lease and loan transactions independent of supervision.
Highly skilled at resolving problems.
Efficiently handles a high volume of transactions with a low error rate
Excellent customer service skills
May lead one or more employees performing similar work.
Internal Number: 037379
About Bank of the West
What sets Bank of the West apart from other banks is our team members-they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values-straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity - an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines - Retail Banking, Commercial Banking, National Finance, and Wealth Management.
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