Lease Services Representative

**Career Area**:Finance**:
**Your Work Shapes the World at Caterpillar Inc.**

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

**About Cat Financial**

**JOB SUMMARY**:

- Support various accounts receivable management efforts for Caterpillar Financial Services Limited.

**JOB DUTIES AND RESPONSIBILITIES**:

- Process lease option financing, refinance requests, transfer and assumption requests and other types of contract modification requests.
- Contacts customers to discuss and ultimately finalize the sale or return of equipment on finance leases. Makes an attempt to sell the customer on financing their purchase option.
- Negotiates with the customer the structure and pricing of the financing, quotes the financing, conducts due diligence, makes credit decisions within authority, executes documents within authority and books said financing in the leasing system.
- Ensures the equipment is returned to the nearest Caterpillar dealership in a timely fashion, once the machine is in the dealer’s yard, notifies Remarketing that the asset needs to be inventoried.
- When applicable, ensures the calculation, invoicing and collection of overuse charges from the customer.
- Performs loan and lease quotes, credit investigation, financial statement analysis, collateral evaluation, credit decision (within authority and makes recommendation when customer exposure is beyond established credit authority) and execution of documents for all lease service processes.
- Follows established procedures for performing basic accounting duties. More specifically the inputting of financial data associated with option financing and/or refinances into our leasing system.
- Participates in accomplishment of continuous improvement objectives for the unit. Progress toward accomplishment of these is measured through maintenance of necessary measurements and analysis of associated data.
- Participates in the identification of problem areas and development of resolutions to address them.

**JOB REQUIREMENTS**:

- Ability to read/analyze customer payment histories.
- Knowledge of financing and taxation principles.
- Knowledge of and ability to calculate payments and create amortization schedules.
- Knowledge of CFSL documents.
- Ability to analyze and understand various business reports pertaining to the sale of Caterpillar equipment.
- Knowledge of the industries served by Caterpillar.
- Knowledge of accounting principles and ability to verify correctness and completeness of such information.
- A general understanding of leasing and quoting systems and FinancExpress and CustomerExpress.

**EDUCATION/EXPERIENCE**:

- A 4-year college or university degree in any discipline is recommended. Experience in credit, customer services, collections, marketing, financial statement analysis and/or related discipline is desired.
- Previous work experience must be progressively increasing in responsibility and accountability and demonstrate an ability to gain in knowledge, skills, and responsibility such that a level of full competency can be reached.
- Equivalent experience may be substituted for education.

Caterpillar is an Equal Opportunity Employer (EEO).

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