Contract Administrator - Equipment Finance

Contract Administrator

As a Contract Administrator, you'll 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. You'll 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

Education & Experience

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.