Lease Specialist in New Richmond, WI at Midwest Machinery Co.

Date Posted: 11/22/2022

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    At least 3 year(s)
  • Date Posted:
    11/22/2022

Job Description

Purpose:

Manage and administer all aspects of Midwest Machinery Companys in-house leasing company. Consistently exhibit Midwest Machinery Companys core values of Commitment, Passion, Progressiveness, Integrity, and Value Delivery.

Responsibilities:

Generate lease financing

  • Build relationships with all Midwest Machinery salespeople.
  • Train sales force on in-house finance process, continually quote payments, structure lease quotes to fit customers cash flow while protecting companys equity position in equipment.
  • Visit all locations periodically.
  • Set annual goals for each salesperson and market promotions throughout the year for sales team. (Excel, Access, In-person travel/contact, Phone, Email, Text)

Administer day-to-day operations

  • Create and process all lease paperwork required to perfect companys position in the leased equipment.
  • Enter completed leases into company database.
  • Create and mail out monthly invoices, perform collections on customer accounts.
  • Set up and process ACH payments with bank, process cash, check, and credit card payments daily.
  • Manage and balance bank account. (QuickBooks, Word, postage meter/post office, letters, online banking, and web sites)

Manage and direct all leasing company business

  • Approve credit and structure of leases including residual buyouts, determine prepayments or down payment required.
  • Generate month end reports, including year-end and any audits.
  • Review lease paperwork and notices as needed to stay compliant.
  • Determine course of action on collection of past due accounts.
  • Handle all legal action and filings.
  • Implement online improvements for customers.
  • Continually review and update structure and practices for lease approval process and collections. (Periodic attorney interaction, courtroom appearances)
  • Maintains and promotes a safe work environment. Demonstrates understanding of and ability to follow all safety rules and regulations in performing work assignments
  • Performs other duties as assigned

Job Requirements

Experience, Education, Skills and Knowledge:

  • 3+ years experience with leasing and financing equipment
  • College Degree: business or finance preferred
  • Knowledge of John Deere Ag, commercial, and consumer product equipment and computer systems preferred
  • QuickBooks, and Microsoft Access, Excel and Word experience preferred
  • Ability to use standard laptop, load applications, and internet functions
  • Excellent customer relationship skills
  • Ability to write and speak effectively one-on-one and within a group

Physical and Mental and Other Requirements:

  • Occasional bending and stooping, Ability to lift up to 50 lbs., Ability to travel and work flexible hours
  • Valid drivers license with an insurable driving record required
  • Must pass a pre-employment background study

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