Contract Administrator Equipment Finance

About Working at Commerce

Building a career here is more than just steps on a ladder. Its 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 doesnt stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, youll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. Youll 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 lets talk.

Compensation Range

About This Job

As a Contract Administrator, youll be responsible for documenting commercial leases and loans originated by Commerce Bank. These leases and loans range from $200,000.00 to $5,000,000.00 with varied equipment types for tax based commercial entities, municipalities, schools and other tax-exempt entities. Youll make sure all approvals and conditions are met, review lease and loan document requests, and tracking any outstanding items. If you are a detail-oriented person with the ability to manage multiple priorities, this might be the job for you.

Essential Functions

• Prepare customer lease files and create lease and equipment loan documents consistent with bank policy

• Prepare a lien in the collateral through such methods as Uniform Commercial Code (UCC) filings, motor vehicle filings and other appropriate methods

• Track receipt of any outstanding items including invoices

• Follow up for insurance information

• Prepare UCC financing statements and motor vehicle lien registration for customers and for assignees

• Verify insurance coverage on financed assets

• Set up escrow funds and disbursement of funds

• Monitor UCC report, filing termination or amendment statements as necessary

• Prepare lease amendment documentation

• Post documents to Commerce website

• Perform other duties as assigned

Knowledge Skills & Abilities Required

• Basic knowledge of general principles of accounting

• Basic knowledge of general legal principles related to contract work and perfection of lien issues through the Uniform Commercial Code and motor vehicle titling laws

• Strong phone skills and ability to type at least 40 words per minute

• 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 and logical skills

• 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

• Basic level proficiency with Microsoft Word, Excel and Outlook

Education & Experience

• Bachelor's degree in Legal studies or equivalent combination of education and experience required. Paralegal degree preferred.

• 1+ years relevant industry experience relating to document creation required, ideally in commercial equipment loan or lease environment for a financial institution or law firm

* Hybrid Schedule: In office 3 days per week, this position may also be remote and located outside the St. Louis market

**Level of role is determined by knowledge, experience, skills, abilities, and education

***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 Contract Administrator I, II, and Senior Equipment Finance job and contemplates a wide range of factors that are considered in determining most appropriate job level and 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 $26.25 to $45.45 per hour. Depending on the job level, this position may be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

#LI-Hybrid

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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