TD Bank Equipment Leasing Contract Administrator- Cherry Hill, NJ in Cherry Hill, New Jersey

Auto req ID 197715BR

Job Title Equipment Leasing Contract Administrator- Cherry Hill, NJ

Job Status Full Time

Country United States

Province/State New Jersey

City1 Cherry Hill

Location Astoria Building

Business line TD Bank AMCB

Job Category - Primary Commercial Banking

Job Category(s) Commercial Banking

TD Description About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. at http://www.tdbank.com/ Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com at http://www.td.com/ .

Job Description

The Equipment Leasing Contract Administrator coordinates independently the administration of the leasing approval process, preparation of documentation, closing process and initial account setup. This job facilitates approval process, closing process and initial account setup by coordinating with leasing officers, Customers, equipment vendors, outside professionals and other internal departments. This job may specialize in facilitating credit approvals or preparing documentation for loan closings and setting up new accounts.

Job Requirements

• Ensure that a complete documentation request package has been obtained, including Lease Approval Addendum, TD Bank approval, pricing, invoices, proposal, etc.

• Orders Judgment Searches, Corporate Status Searches, Flood Searches and UCC Searches where applicable.

• Determine if Asset Management needs to review invoices to prepare an AMES for residual position or reasonableness of cost.

• Obtain approval for a takedown under a Lease Line from Lender.

• Get lease or loan entered into Maestro.

• Maintain Lease Line of Credit Spreadsheets.

• Review invoices to determine hard and soft cost ratio.

• Verify proper sign off has been obtained from approvers for hard/soft.

• Review invoices to determine if we have PMSI or order a UCC Search.

• Obtain Subordination of Liens where necessary.

• Verify that proper Sales Tax has been assessed on lease.

• Prepares lease or loan documentation which reflects the conditions of approval.

• Follows up to ensure receipt of executed documentation, and reviews for compliance to existing policies and procedures.

• Order equipment inspections through Asset Management where required.

• Obtain proper insurance certificate evidencing Liability and Property coverage for the lease/loan/mortgage.

• Establish Escrow accounts where necessary and administer payments through the Escrow Account.

• Prepares checks or wires for disbursement on a lease or loan transaction, and approves vouchers for payment on lease accounting system after verifying OFAC.

• Follow to obtain encumbered title for vehicles.

• Administers the lease process on third party deals or larger more complicated transactions, including the preparation of documents, order corporate status searches, Judgment searches and UCC searches

• Prepares more detailed and customized reports summarizing wide variety of lease activity. Prepares Customer correspondence and maintains proposal log and files. Coordinates payment of internal lease referral fees.

• Forwards documents for attorney review and confirms conditions of approval have been met through outside counsel.

• Works with outside counsel to promptly close transaction.

• Assists Documentation Manager with review, approval, and booking of transaction on lease accounting system.

• Assists Lenders with quotes on municipal transactions

• Assists sales force when necessary with the preparation of yield analysis reports

• Facilitates approval process, closing process and initial account setup by coordinating with leasing officers, Customers, outside professionals and other internal departments.

• Interacts with Customers, equipment vendors, lenders and attorney for the funding of a transaction.

• Provides training to new Documentation Specialists.

• Assist in the conversion of leases from the Bank's loan system, and the collection of data and input of information for portfolio purchases, to the lease accounting system.

• Provides input to management on department policies and procedures. Gathers input from staff based on day-to-day experience with leasing activities and contributes own suggestions for improvements and changes as appropriate.

• Ensures credit decisions are communicated promptly to appropriate lending officers or directly to applicants if necessary; verifies that approved applicants will become Customers.

• Sends original approval and lease documentation to Filenet.

• Sets up new leasing accounts, according to established policies and procedures. Processes necessary new account transactions. Ensures the ongoing administration of the accounts is established to reflect details of individual lease agreements

Qualifications

• 2 Year Degree or equivalent experience

• 3-5 Years of related experience

• Extensive knowledge of leasing administration and documentation requirements.

• Knowledge of credit analysis and multi-state UCC requirements.

• Ability to understand and interpret contractual language of lease agreements.

• Attention to detail.

• Organizational skills, including ability to coordinate work of others, follow through and complete projects on a timely basis.

• Excellent communication skills, both verbal and written.

• Knowledge of Word and Excel.

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

**Province/State (Primary) New Jersey

City (Primary) Cherry Hill