St. Louis, MO, USA
9 days ago
Equipment Finance Specialist

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 


Compensation Range

Hourly: $26.25 - $35.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to load, book, research, maintain transactions in Aspire system, perform daily reconcilement duties, and create payoffs for leases and loans.

Essential Functions

Load and book commercial leases and loans in the Aspire system

Perform file audits to verify data added by others to Aspire

Comprehend requests in order to produce, review, and explain ad-hoc reports to Senior Management

Responsible for invoicing and researching sales and property tax issues, including interpretation of state statutes regarding tax, and applying these rules to how the equipment is used to determine a prudent course of action

Analysis of the portfolio in order to create presentations and charts for Senior Management

Identify efficiencies within the department; write policy and procedures for the department

Process property tax bills and invoice customers received from taxing jurisdictions

Transfer nightly GL via the accounting system’s process

Perform daily reconcilement – verify general ledger accounts are balanced or make corrections to get them in balance

Compute payoffs for leases and loans by having knowledge of documentation and accounting system data

Prepare vehicle titles for release when a customer pays off a lease/loan

Perform other duties as assigned

Knowledge, Skills & Abilities Required

Intermediate knowledge of accounting and tax rules as they apply to leases

Intermediate analytic abilities to decipher financial data

Knowledge of lease structures

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

Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook  

Education & Experience

Bachelor’s degree in Accounting or Finance or equivalent combination of education and experience required

3+ years experience in an accounting/finance role required

3+ years experience in the equipment finance industry preferred

**Level of position will be determined based on several factors including skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs.

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Equipment Finance Specialist II and Senior job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $26.25 to $35.00 per hour.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

Location: 8000 Forsyth Blvd, Clayton, Missouri 63105

Time Type:

Full time
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