Contract Administrator Equipment Finance

Contract Administrator

As a Contract Administrator, you'll be responsible for documenting commercial leases and loans originated by Commerce Bank. These leases and loans range from $200,000.00 to $5,000,000.00 with varied equipment types for tax based commercial entities, municipalities, schools and other tax-exempt entities. You'll make sure all approvals and conditions are met, review lease and loan document requests, and tracking any outstanding items. If you are a detail-oriented person with the ability to manage multiple priorities, this might be the job for you.

Essential Functions :

• Prepare customer lease files and create lease and equipment loan documents consistent with bank policy
• Prepare a lien in the collateral through such methods as Uniform Commercial Code (UCC) filings, motor vehicle filings and other appropriate methods
• Track receipt of any outstanding items including invoices
• Follow up for insurance information
• Prepare UCC financing statements and motor vehicle lien registration for customers and for assignees
• Verify insurance coverage on financed assets
• Set up escrow funds and disbursement of funds
• Monitor UCC report, filing termination or amendment statements as necessary
• Prepare lease amendment documentation
• Post documents to Commerce website
• Perform other duties as assigned

Knowledge Skills & Abilities Required :

Education & Experience :

Hybrid Schedule : In office 3 days per week, this position may also be remote and located outside the St. Louis market

Level of role is determined by knowledge, experience, skills, abilities, and education

A reasonable estimate of the current base pay is $26.25 to $45.45 per hour. Depending on the job level, this position may be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.