Manager, Equipment Finance - Operations at Commerce Bank in Clayton, Missouri

Job Description:

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 160 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

Annual Salary: $134,000.00 - $159,500.00 (Amount based on relevant experience, skills, and competencies.)



About This Job



The purpose of this job is to oversee the accounting department functions within Equipment Finance and to be the subject matter expert for lease and accounting principles. In addition, this job will require knowledge and oversight of systems used within the Equipment Finance Division.



Essential Functions

• Develops knowledge of other employees for accounting issues, sales, use and property taxes, company policy and procedures
  
  


• Develop and implement custom reports on the portfolio in Crystal, SSRS, or Aspire to enhance efficiency and improve profitability
  
  


• Research and determine accounting rule changes, updates, etc. with respect to tax or booking policies
  
  


• Primary contact for any audits, both internal and external
  
  


• Stays abreast of accounting, industry, and IT developments to assist in making and maximize efficiency of accounting department
  
  


• 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
  
  


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


• Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report's individual needs
  
  


• Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required
  
  


• Communicate decisions, priorities and relevant information to team members effectively
  
  


• Support budget management, planning and expenditure
  
  


• Perform other duties as assigned
  
  

Knowledge, Skills & Abilities Required

• Subject matter expert for the department with any software such as Aspire, SuperTrump and ability to educate the sales staff on the system
  
  


• Detailed knowledge of accounting principles related to loan and lease accounting
  
  


• Strong accounting skills to understand, interpret, and review reports before dissemination
  
  


• Proficient in the use of back-end system, ASPIRE and knowledge of reports generated by Aspire as well as ability to create ad hoc reports using systems like Crystal
  
  


• Proficient in HotDocs and the ability to create and to change document templates used by the department. Also, maintain the connection between HotDocs and ASPIRE to expediate document creation
  
  


• Detailed knowledge of state and local property, sales and use tax laws and ability to research and advise the group on appropriate tax treatment of transactions and respond to and manage subsequent audits
  
  


• Knowledge of Sarbanes Oxley and similar statutes and ability to ensure policy and procedures are complied with by accounting staff in a timely and accurate manner
  
  


• In-depth knowledge of the various types of lease structures and federal tax benefits associated with each transaction
  
  


• Ability to manage diverse job functions simultaneously, work independently, and manage time properly
  
  


• Ability to work in a fast-paced environment with exceptional attention to detail
  
  


• Sales and property tax knowledge and how these rules are affected by various types of leases
  
  


• Federal income tax knowledge and how these affect implicit rates and tax yields
  
  


• Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems
  
  


• Ability to drive results and balance management of organizational risk and meeting goals of the business
  
  


• Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals
  
  


• Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing
  
  


• 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
  
  


• Advance 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
  
  


• 10+ years of relevant industry experience relating to accounting, preferably in a mid-ticket ($200,000 to $5,000,000) commercial equipment loan or lease environment for a financial institution, required
  
  


• 7+ years experience with lease types and structures, including documentation knowledge and where to tax structures defined within the documentation required
  
  


• 3+ years leadership/supervisory experience required
  
  


• Certified Lease Professional and/or CPA required, or qualified and expected to obtain
  
  

***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 Manager, Equipment Finance - Operations job and contemplates a wide range of factors that are considered in 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 $134,000 to $159,500 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.


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 Apply Now