Equipment Finance Specialist
Commerce Bank

Job Info

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About Working at Commerce

Building a career here is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn't stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk.

Compensation Range
Hourly: $26.25 - $35.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to load, book, research, maintain transactions in Aspire system, perform daily reconcilement duties, and create payoffs for leases and loans.

Essential Functions

• Load and book commercial leases and loans in the Aspire system
  
• Perform file audits to verify data added by others to Aspire
  
• Comprehend requests in order to produce, review, and explain ad-hoc reports to Senior Management
  
• Responsible for invoicing and researching sales and property tax issues, including interpretation of state statutes regarding tax, and applying these rules to how the equipment is used to determine a prudent course of action
  
• Analysis of the portfolio in order to create presentations and charts for Senior Management
  
• Identify efficiencies within the department; write policy and procedures for the department
  
• Process property tax bills and invoice customers received from taxing jurisdictions
  
• Transfer nightly GL via the accounting system's process
  
• Perform daily reconcilement - verify general ledger accounts are balanced or make corrections to get them in balance
  
• Compute payoffs for leases and loans by having knowledge of documentation and accounting system data
  
• Prepare vehicle titles for release when a customer pays off a lease/loan
  
• Perform other duties as assigned
  

Knowledge, Skills & Abilities Required

• Intermediate knowledge of accounting and tax rules as they apply to leases
  
• Intermediate analytic abilities to decipher financial data
  
• Knowledge of lease structures
  
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
  
• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
  
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
  
• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
  

Education & Experience

• Bachelor's degree in Accounting or Finance or equivalent combination of education and experience required
  
• 3+ years experience in an accounting/finance role required
  
• 3+ years experience in the equipment finance industry preferred
  

**Level of position will be determined based on several factors including skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs.

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Equipment Finance Specialist II and Senior job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $26.25 to $35.00 per hour.

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. Click here to learn more.

Location: 8000 Forsyth Blvd, Clayton, Missouri 63105

Time Type:
Full time

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