Senior Contract Administrator - Equipment Finance

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

About This Job

The main purpose of this job is to document commercial leases and loans originated by Commerce Bank. These leases and loans range from $200,000 to $5,000,000 with varied equipment types for tax based commercial entities and tax-exempt entities such as municipalities, schools, and other entities.

Essential Functions

• Act as subject matter expert in specialty areas, serving as a key resource for internal partners and a trusted point of contact for clients

• Manager client communications and expectations while proactively addressing questions to ensure a seamless, client-focused experience

• Verify approvals and conditions, along with reviewing lease and loan document requests and tracking any outstanding items

• Assist with document negotiations with outside counsel and review to ensure accuracy

• Review documentation requirements with clients to accomplish both the bank and client needs

• Create lease and equipment loan documents through internal systems, ensuring accuracy with approvals, internal requirements, etc.

• Prepare UCC financing statements to secure lien on collateral

• Verify insurance coverage on financed assets

• Set up escrow accounts and requests disbursement of funds

• Prepare lease amendment documentation

• Comprehend requests in order to produce, review, and explain ad-hoc reports to Senior Management

• Identify efficiencies within the department; write policy and procedures for the department

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of general legal principles related to contract work and lien issues through the Uniform Commercial Code (UCC) and motor vehicle titling lawns

• Ability to quickly learn and properly apply bank policy to various factual scenarios and to learn various bank systems used to create loan documents

• Strong analytical skills and ability to apply logic

• Ability to work independently and manage time properly

• ·         Ability to drive accuracy, mitigate risk, and improve turn around times

• Ability to support team in management’s absence, providing continuity in day-to-day operations and assist with oversight responsibilities as needed

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook  

Education & Experience

• Bachelor’s degree or equivalent combination of education and experience required

• 5+ years relevant industry experience relating to document creation required in commercial equipment loan or lease environment for a financial institution required

*Must be eligible to work in the U.S. without sponsorship now or in the future

**Hybride Schedule: 3 days onsite if located in St. Louis, or remote option available if location is outside of St. Louis.

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Senior Contract Administrator – Equipment Finance job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $93,000 to $109,000 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

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Must be eligible to work in the US without sponsorship now or in the future.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

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