Equipment Finance Operations Manager (Full Time) - Remote at PROSPERITY BANK

Austin, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Apr, 26

Salary

0.0

Posted On

14 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Documentation Management, Loan Operations, Risk Assessment, Customer Consultation, Team Leadership, Detail Orientation, Microsoft Office, Communication, Problem Solving, Salesforce CRM, Time Management, Adaptability, Efficiency Improvement, Commercial Loan Documentation, Title Research, Fraud Identification

Industry

Banking

Description

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.prosperitybankusa.com%2FCareers&data=05%7C02%7Csandra.olivarez%40prosperitybankusa.com%7C4351c6288a4f46ccbc9e08dcd40d9146%7C00eda10cf32f45b88e91257da01a8f7c%7C0%7C0%7C638618401955642480%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=yg2VkStkdrf7Of6ttN7si0bcqfep9Z6KvaukXq%2BSYpI%3D&reserved=0]. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer. ---------------------------------------- POSITION PURPOSE The Loan Operations Manager is primarily responsible for the entire documentation and closing life cycle of Equipment Finance transactions, including interpreting legal and entity documents required to satisfactorily produce legally enforceable and compliant loan documents. This role is an essential partner to multiple departments and performs work that affects business operations to a substantial degree. ESSENTIAL FUNCTIONS AND BASIC DUTIES * Manage the entire transaction documentation and closing process for Equipment Finance transactions including those with complex documentation or structures as well as third party documentation from syndicated partners. * Decide when all underwriting, pricing and/or equipment management approval conditions for documentation have been satisfied. * Decide proper course of action if any contradictions are identified in documentation, escalate issues as needed. * Utilize discretion to escalate any potential risk discovered during funding process, including identifying potential fraud. * Interpret and develop commercial loan documents for collateral associated with complex commercial loans. * Resolve complex documentation issues, identify opportunities and work with management to implement operating practice improvements to maximize efficiency. * Consult with customers and dealers and be able to apply discretionary judgment to accommodate inquiries regarding loan documentation satisfaction. * Effectively prioritize a fluctuating workload and meet demanding funding deadlines * Execute titling documentation, research titles, and resolve issues as needed within company timeline. * Interface with customers, sales team, credit department, collections and accounting team, and various DMV agencies to ensure titles are properly processed and complete. * Identify and address commercial loan documentation and/or lien position perfection issues that may create problems with the commercial loan funding. * Control and prioritize work queues for new lease/loan transactions. The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time. SUPERVISORY RESPONSIBILITIES: * Lead and manage team through training, developing, and coaching associates on a consistent basis. * Encourage others to set challenging goals and high standards of performance QUALIFICATIONS Education/Certification: Bachelor’s degree preferred; equivalent combination of education and experience is acceptable. Experience Required: Minimum of 5 years of experience in the lease, loan, or mortgage industries. Experience with Sales force CRM a plus Skills/Abilities: Results oriented work ethic and high level of personal initiative. Extremely detail oriented and conscientious. Team player with the ability to maintain effective working relationships with co-workers and management. Adaptable to change. Proficiency with Microsoft office suite. Ability to work well in a fast-paced environment. Excellent communication, both written and verbal. ---------------------------------------- PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Physical Strength: Sedentary work; sitting most of the time. Exerts up to 25 lbs. of force occasionally (Almost all office jobs.) WORKING CONDITIONS None: No hazardous or significantly unpleasant conditions (such as in a typical office). MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Reasoning Ability: Ability to deal with a variety of variables under only limited standardization. Able to interpret various instructions. Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage. Able to perform very simple algebra. Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias. Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar. Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses.

Responsibilities

The Equipment Finance Operations Manager is responsible for managing the documentation and closing process for Equipment Finance transactions, ensuring compliance and legal enforceability. This role involves collaboration with multiple departments and addressing complex documentation issues.