Equipment Finance Job Description
Equipment finance
provides training and consultation related to new systems and/or reporting methodology and ensure the development of related policies and procedures.
Equipment Finance Duties & Responsibilities
To write an effective equipment finance job description, begin by listing detailed duties, responsibilities and expectations. We have included equipment finance job description templates that you can modify and use.
Sample responsibilities for this position include:
Have at least 5 years experience in a management position in a financial products role
A sound understanding of asset finance products, documentation, banking and settlement procedures
Tertiary education in business/ related field, or equivalent experience
Ideally you will have several years experience working with leasing products (technology or medical equipment highly regarded)
Maintains and reconciles general ledger and subsidiary ledger accounts
Excellent people manager, open to direction and display commitment to get the job done
Delegate responsibility effectively
Will have credit approval authority based on level of experience and performance, (generally $500M to 1,000M)
Manages and supervises the credit department staff to include development of department goals, performance management, staffing and training, and staff development and performance appraisals
Reviews and analyzes various transactions prepared by others
Equipment Finance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Equipment Finance
List any licenses or certifications required by the position: ASA, UDT, CPA
Education for Equipment Finance
Typically a job would require a certain level of education.
Employers hiring for the equipment finance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Business, Accounting, Education, Economics, Marketing, MBA, Financial Analysis, Business/Administration, Management
Skills for Equipment Finance
Desired skills for equipment finance include:
Products
Education
Job area typically obtained through advanced education combined with experience
Terminology
Systems and procedures obtained through prior work experience
Applicable laws and regulatory requirements
Closing policies and procedures
Legal documents
Systems related to assigned area of leasing operations
Excel
Desired experience for equipment finance includes:
Bachelor's degree in Accounting or directly related field
Two years bookkeeping/accounting experience
Bachelor's Degree and 3 years related experience including Direct Sales, Risk, Finance, Audit and/or Sales Database Management experience (or a high school diploma / GED and a minimum of 6 years of financial services experience)
Organize and manage a territory to generate the maximum in new lease originations
Ability to secure face to face meetings a must
Degree preferred in business or related field, or equivalent experience
Equipment Finance Examples
1
Equipment Finance Job Description
Job Description Example
Our company is looking to fill the role of equipment finance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equipment finance
- Completes ratio and trend analysis to determine if a customer is eligible for financing
- Works with Sales to monitor delinquency, delinquency trends and repossession activity
- May travel with sales staff to locations on occasion
- Build business partnering skills that will enable you to become a future, trusted advisor to our businesses
- Determine the drivers of sales success in a financial services business
- Friendly, professional and with an ability to work to own initiative
- Ideally, but not essential, have experience within financial services and/or have used Oracle
- Approves daily cash posting
- Develops an effective sales and relationship management culture
- Manage and support the data reporting initaitives and user community
Qualifications for equipment finance
- Ideally have at least five years experience working in a technology equipment or general leasing organization with third party introducers
- Oversee overall management of the booking/funding, customer service and end of lease functions
- Improve the operational systems, processes and policies
- Manage staff performance, including implementing and monitoring staff and department KPI's
- Liaise with key business staff and IT support on all system related issues and enhancements
- Identify potential risks within the business, and implement processes and controls to mitigate
2
Equipment Finance Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of equipment finance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equipment finance
- Develops and maintains reports, models or databases to support individual group and /or the enterprise’s routine and ad hoc data and analytical needs
- Responsible for all customer invoice generation and delivery and accurancy of the processes and system projects associated with this
- Prepare and process wire payments for syndicated deal payments received and submit to Agency Services
- Ensure that the periodic processing of transactions does not impact the general ledger incorrectly
- Sales and revenue (new and existing equipment finance clients) - prospecting and lead generation, sales meetings and discovery sessions, sales planning and reviews
- Maintains direct contact and interaction with VCE field representatives to maintain effective working relationships to support VCE OEM and dealer sales goals provide insight and promote teamwork in order for the DFM to meet or exceed VFS sales objectives
- Responsible for the overall month end closing process for the Wireless Equipment Margin portfolio
- Manage allocations between segments and ensure these allocations are done properly and on time for month end closing
- Responsible for Equipment Margin Planning including leading the forecasting and budgeting elements
- Evaluate new programs and their implications in the Equipment Margin portfolio
Qualifications for equipment finance
- Negotiate on disputed termination quotes with clients and introducers
- Negotiate customer and introducer documentation if required to align with business rules and processes
- Approve the appointment of new introducer sources
- Be seen as the subject matter expert for the Canadian Flow operations team by the broader MEF business
- Extensive sales and leasing experience (8+ years) working with related technologies and a record of success working with vendor leasing programs and end-user customers
- A Bachelor’s degree in Finance, Accounting, Business or related field, or previous work experience equal to a degree plus the requisite years of experience is required
3
Equipment Finance Job Description
Job Description Example
Our company is searching for experienced candidates for the position of equipment finance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for equipment finance
- For the equipment financing relationship, act as the primary contact for customers and prospects, effectively communicating the company’s products and capabilities to the customer and the customer’s needs to the company
- To perform this job successfully, an individual should have knowledge of Microsoft Office programs including Outlook, Word, Excel, PowerPoint and Access
- Finance owner of Equipment related projects such as the implementation of IFRS, Device Financing, HUP Pay at Till and the new Retail POS system
- Create, modify, and manahe a portfolio of reports and dashboards including management, analysis, informational and audit reporting
- Responsible for the overall month end closing process for the Wireless Equipment Margin portfolio under the new IFRS guideline
- Provide recommendations about ways to simplify and automate the processing of IFRS entries at month end
- Responsible for Equipment Margin Planning under IFRS which includes monthly forecasting and annual budgeting
- Understand new product launches & programs impacting Equipment Margin and their implications in IFRS
- Provide requirements to update the Equipment IBRO database under IFRS
- Liaise with auditors to support portfolios, journal entries, account balances, Defend IFRS logic before Management and Auditors
Qualifications for equipment finance
- Act as a “centre of expertise” in the investigation, formulation and completions of lease structures and in the valuation of equipment
- Demonstrate teamwork and leadership excellence
- Provide support and training to staff
- Preparation of management reports as required
- Authorize funding of new transactions
- A minimum of 7-10 years credit underwriting experience and prior credit approval authority is required
4
Equipment Finance Job Description
Job Description Example
Our growing company is looking to fill the role of equipment finance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equipment finance
- Covers territory consisting of 1-3 states
- Maintain contributory role in Bank Market meetings
- Collects and analyzes information that reflects the current creditworthiness of customers and the current merits of existing loans/leases
- A strong understanding of the steps required in processing a lease, from application through to termination
- Demonstrated self-motivation with an ability to use own initiative and drive in execution of responsibilities
- Ability to work across different tasks and demonstrated comfort with multi-tasking
- Ability to deal with high volumes of work within tight deadlines
- Displays good attention to detail
- Process design, review and improvement experience will be advantageous but is not a requirement
- Market leadership, building close alignment partners and supporting Business Financial Services key priorities
Qualifications for equipment finance
- Prepare asset reviews with a high quality of risk assessment, credit structure, due diligence and credit presentation
- Identify and market MEF's services to end user companies and to partners within the stated territory
- Create and put in place marketing strategies that inform end users of the benefits of leasing MEF's leasing value proposition
- Organise and manage a territory to generate the maximum in new lease originations
- Based on experience this position can be a salary grade 81 or 82
- Identify available equipment in the market, justify the acquisition and seek approval to execute the transaction
5
Equipment Finance Job Description
Job Description Example
Our innovative and growing company is hiring for an equipment finance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for equipment finance
- Research prospects and make cold calls to establish appointments and drive leads for Executive Sales Officers
- Assist Executive Sales Officers with maintaining strong relationships with clients
- Set up and track paperwork for client appointments, attend client meetings as needed
- Review all documentation for completeness and suitability and work with clients to obtain information needed for any open administrative items
- Managing the drawdown process for clients
- Through direct selling, generate qualified equipment finance and leasing leads, proposing on and eventually closing required amounts of business
- Properly and consistently recording customer and prospect data and sales efforts in all company used databases and management systems
- Identify and understand key risk elements of potential transactions and lessees/borrowers and work effectively with group leaders to competitively structure and price transactions that are candidates for underwriting or syndication
- Assume primary responsibility for transaction management after award
- Proficiently identify cross-selling opportunities with prospects and customers and arrange access to the decision makers in those accounts for other product specialists within the bank
Qualifications for equipment finance
- Contribute to Leasing’s growth objectives by delivering innovative and effective lease solutions to clients
- Contribute to business unit performance objectives for growth (sales, revenue, volume and new customers) and credit loss/non-performing leases
- Ensure CTP of the portfolio meets or exceeds targets
- High degree of confidence in presenting arguments / recommendations to next level of mgt regarding terms and documentation outside of range of authority
- Specific knowledge of Infolease
- Experience in bank affiliated leasing subsidiary