Equipment Finance Operations Specialist I

Description

Location : On site at location listed in job posting.

SUMMARY

The Operations Specialist position performs a number of functions integral to the operation of the Equipment Finance business for First Horizon Bank. The functions range from collateral follow up, payment posting, payoff generation, insurance follow up, funding review, keying wires for transaction fundings and providing assistance to EF Relationship Managers as well as internal and external clients.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Transaction funding review and key wires for transaction funding

Assist with clearing loan exceptions, collateral exceptions, and past dues

Assists with payment posting and daily recons

Prepare payoffs and communicate the same to clients as well as filing termination documentation as needed to release the bank’s security interest

Provide assistance to internal and external clients in all areas of Equipment Finance

Responsible for updating insurance renewals for every contract

Responsible for internal reporting, daily, weekly and monthly

Orders UCC searches, files UCCs and performs OFAC checks

Communicate with clients, attorney’s, insurance companies, title companies, and various other professionals

Cross-train on loan documentation / funding, Rapport reviews, and basic understanding of attorney prepared documents

Work closely with Relationship Managers, Commercial Bankers, Portfolio Managers / Credit Analysts to ensure satisfactory on-going monitoring of loans to clients with supervision

Performs all other duties as assigned

SUPERVISORY RESPONSIBILITIES

• No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and / or abilities required in this position :

High school diploma, associates / bachelor’s degree preferred, and 0 - 2 years of experience in banking and / or contract administration or payment processing

Must be detail oriented and able to reconcile payments and loan / lease balances to the general ledger. Also, this position needs the ability to learn and understand lien perfection aspects of various equipment types.

COMPUTER AND OFFICE EQUIPMENT SKILLS

CERTIFICATES, LICENSES, REGISTRATIONS (Ex : CPA, Series 6 or 7 license, etc)

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com (!!Cz2fjcuE!hpq9hPnrucZCPIAVPojVESItIq-FPzhurNdCrQ3JE8Rkx3gMd70nIk6_kmPxl66_oJCEsXs0gNunPowMAMHCmBYPOtUxUGI$) .

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Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights () notice from the Department of Labor.