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Lease Servicing Specialist IV

Job in Minneapolis, Hennepin County, Minnesota, 55401, USA
Listing for: CoBank
Full Time position
Listed on 2026-08-05
Job specializations:
  • Finance & Banking
Salary/Wage Range or Industry Benchmark: 66500 - 76100 USD Yearly USD 66500.00 76100.00 YEAR
Job Description & How to Apply Below

Job Title

Performs end to end deal management activities for lease transactions.

Job Description

Performs end to end deal management activities for lease transactions. Responsible for task prioritization, quality assurance, documentation, funding and booking and maintenance activities. Works in a team environment and collaborates with other internal departments including operations, asset management, credit, accounts payable and tax to ensure that lease origination commitments are fulfilled. Provides periodic status to Lease Operations leadership and other internal departments.

Assists supervisor with mentoring, process documentation, training and continuous improvement activities.

Essential Functions
  • Coordinates with leasing customers and partners to collect credit conditions required to prepare lease documents. Validates conditions meet requirements.
  • Prepares and sends lease contract documents to leasing customers and partners in accordance with FCL policy and procedure, ensures completeness and accuracy over lease agreements
  • Completes booking activities to meet internal, partner and customer commitments. Performs booking functions to active lease contracts in the lease accounting system. Performs validation steps over contract documents and system attributes to ensure the completeness and accuracy of manually keyed attributes to the lease accounting system.
  • Completes funding activities for assigned accounts to meet internal, partner and customer commitments. Performs appropriate due diligence according to FCL policies and prepares vendor payment requests within authority limits. Obtains additional approval from LDS leadership for payment requests outside of authority.
  • Concentrates efforts on larger more complex project transactions, interim financing, and standard structured transactions.
  • Completes UCC filings within regulatory guidelines and takes appropriate steps to manage recordable legal documents with title companies, state and local jurisdictions.
  • Backs up other team members. Performs various activities for other teams in support of work load leveling.
  • Performs quality assurance functions. Works with team to ensure that high quality standards are achieved. Identifies opportunities for quality improvement, leads and coordinates efforts to improve processes and controls, mentors team and provides ongoing feedback to management.
  • Communicates activity status to team and leadership. Keeps supervisor informed of work load and closing issues.
  • Actively engages with LDS team contributing to fulfillment of overall partner and customer commitments, escalates issues in a timely manner, facilitates issue resolution and communicates remediation status and impact to stakeholders and leaders.
  • Leads relationship status calls and participates in on-site visits to assigned accounts to build relationships and improve service.
  • Works closely with Relationship Managers, Account Managers, Customers and Lease Partners to provide superior customer service.
  • Assists management with overall procedure management, assigns and monitors progress of procedures to be updated, periodically reviews and updates procedures, and provides peer review over procedure updates to align with business practices.
  • Actively identifies continuous improvement opportunities and partners with management to implement process and system enhancements. Participates in requirements gathering, defines user stories, performs user acceptance testing, updates procedures to support change and support leadership in change management activities.
  • Assists leadership with mentoring, training and continuous improvement opportunities.
  • Cross-trains in order to assist and back-up other associates. Proficient with all larger, more complex servicing relationships.
  • Performs other duties as assigned.
Education
  • High school diploma or GED required
Work Experience
  • 5 years of experience, preferably in the leasing industry. required
Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time.

Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About Co Bank

The typical base pay range for this role is between $66,500 - $76,100. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting.…

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