Equipment Finance Closing Officer I

Equipment Finance Closing Officer

The Equipment Finance Closing Officer manages the closing due diligence, documentation, and booking processes associated with closing new equipment finance loan and lease transactions for Equipment Finance. This position supports the EF RM Team and is the primary point of customer contact during the closing process. This role is also responsible for working with outside counsel when applicable and ensures that transactions are documented and closed in accordance with the credit approval and term sheet (if applicable).

Essential duties and responsibilities include :

• Engage and work with outside counsel to ensure that all required documents are complete and accurate
• Ensure transaction due diligence items required to close the transaction are collected
• Identify and request necessary pre-closing lien searches
• Insurance is obtained prior to closing in accordance with requirements
• Obtain necessary KYC / AML documentation
• Verify that all compliance issues have been addressed
• Obtain collateral perfection documentation in accordance with EF Lien Perfection Policy
• Determine when executed transaction documentation acceptable for closing a loan and communicate the appropriate personnel that loan cannot be closed until all outstanding documents are obtained
• Assess the loan documentation relative to policy to determine if there is an exception and uses discretion and independent judgment to determine whether or not the exception is allowable
• Review existing documentation for loan relationship with Bank for renewals and increases
• Confirm that collateral perfection documents and cancellation of documents have been filed with the proper record guardians
• Enter data into a front-end system to determine and create contractual documents based on the type of contract requested
• Address and clear any collateral exceptions issued on loans closed
• Assist in other duties and special projects as requested

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Benefit highlights include :

First Horizon Corporation is a leading regional financial services company dedicated to helping clients, communities, and associates unlock their full potential with capital and counsel.