The main purpose of this job is to 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. Make sure all approvals and conditions are met, review lease and loan document requests, and tracking any outstanding items.

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  

• Basic knowledge of general principles of accounting
• Basic knowledge of general legal principles related to contract work and perfection of lien issues through the Uniform Commercial Code and motor vehicle titling laws
• Strong phone skills and ability to type at least 40 words per minute
• Ability to quickly learn and properly apply bank policy to various factual scenarios and to learn various bank systems used to create loan documents
• Strong analytical and logical skills
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
• Basic level proficiency with Microsoft Word, Excel and Outlook

Education & Experience 

• Bachelor's degree in Legal studies or equivalent combination of education and experience required.
• 1+ years relevant industry experience relating to document creation required, ideally in commercial equipment loan or lease environment for a financial institution or law firm
• Job level will be determined by years of experience and skill level

About Commerce Bank

Commerce Bank is a super community Mid-Western bank headquartered in Kansas City, MO. We have bank charters in Missouri, Kansas, Illinois, Oklahoma and Colorado and business offices in Dallas, Houston, Grand Rapids, Cincinnati and Nashville. We have been in business for over 150 years and employee over 4,800 people.

Connections working at Commerce Bank