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Sr EFD Contract Specialist - Tempe, AZ




United States-Arizona-Tempe

Job function

Business / Commercial Banking



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.

Job Description Summary

Under minimal supervision, responsible for creating or reviewing all necessary lease and loan documentation for moderately complex leases. Works with internal resources to document, track, and price assigned leases. Responsible for completing all UCC filings.

Essential Job Functions
  • Effectively reviews moderately complex 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).
  • 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. 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.
  • Confirms and updates pricing using the appropriate price modeling tools prior to sending out docs and again at time of funding. Reviews pricing with manager 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.

Required Experience
  • Requires broad knowledge of operational systems and practices typically gained through extensive experience and/or education.
  • Requires 5 years minimum experience.
  • May require vocational or technical education in addition to prior work experience.

  • Associate's Degree

  • Good understanding 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.
  • Understands both the credit approval process and all lease structures to the effect of its interrelationship of economic, legal and accounting issues.
  • Good understanding of cost in various contexts and the ability to perform calculations within the established guidelines.
  • 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.
  • Administrative/Technical Skills.
  • Good understanding of BOW policy and procedures.
  • Strong 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.
  • Ability to learn lease accounting software programs.
  • Ability to handle moderately complex lease and loan transactions independent of supervision.
  • Skilled at resolving problems.
  • Efficiently handles a high volume of transactions with a low error rate.
  • Excellent customer service skills.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
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