Equipment Finance Associate

The Equipment Finance Associate plays a key national middle office role in mitigating credit, client, reputational and operational risks related to simple and complex leasing processes, supporting RCAP Leasing products and services to business clients and partners. The Equipment Finance Associate is a key relationship partner for the client responsible to enhance the client experience through the effective management of leasing administration and fulfillment for leasing transactions.

The Equipment Finance Associates support revenue growth, operational effectiveness and risk mitigation balance through efficient and effective end to end preparation and co-ordination of lease documentation from approval through to funding.

The Equipment Finance Associate plays a key national middle office role in mitigating credit, client, reputational and operational risks related to simple and complex leasing processes, supporting RCAP Leasing products and services to business clients and partners. The Equipment Finance Associate is a key relationship partner for the client responsible to enhance the client experience through the effective management of leasing administration and fulfillment for leasing transactions.

The Equipment Finance Associates support revenue growth, operational effectiveness and risk mitigation balance through efficient and effective end to end preparation and co-ordination of lease documentation from approval through to funding.

• Timely and accurate update of required information for all assigned leasing transaction details e.g. supplier, banking and equipment details, last activity using multiple systems and technology applications.
• Production of accurate and timely of all contract documentation (100%) and submission to the client for execution in line with the transaction approval, policy, procedures and PPSA laws
• Timely follow up and collection of documentation and information with key contract contacts e.g. client, suppliers, insurance brokers by phone and/or email required to complete the transaction
• Responsible for the reconciliation of all invoices and proof of payments ensuring alignment to the contract approval and policy and procedures. This involves collecting payment receipts and matching invoices to the transaction online approval. This involves accounting for every proof of payment to mitigate credit risk.
• Responsible for the timely follow and resolution of any deficiencies/out of orders with the client, internal/external partners
• Complete all security registration in line with the transaction approval, policy and procedures and Personal Property Security Act and data input into the technology application. This can include search of registry service, obtaining waivers to mitigate risk to the bank. Complexities arise due to varying provincial regulations.
• Uses internal / external resources to investigate evaluate and resolve issues that will impede funding in line with policy/process/procedural guidelines in order to satisfy the client needs/client escalation
• Proactively assists other team members during peak period, sundry absences and vacations ensuring that established client commitments, quality and service levels are maintained
• Provides after sales support by liaising with internal partners (including Business Development Officer (BDO)), vendors, customers, other financial institutions and other internal partners to clarify transactions. Activities related to this responsibility include: follow-up on missing information required to start and complete transactions; collect information to execute documentation using strong knowledge of leasing products, processes, procedures and provincial…