Toromont Cat is looking for a Equipment Finance Specialist to join our team! The Equipment Finance Specialist has a role in implementing and managing a centralized financing process for the Heavy Equipment business, who will coordinate and administer equipment financing solutions for our new and existing customers. Most of your responsibility is ensuring that Toromont's security interests (liens) in assets are properly documented, registered, and maintained to establish priority over other potential creditors. This role plays a critical part in mitigating risk and ensuring compliance with provincial PPSA regulations.
Pay Type
Full Time, Permanent
Compensation
$59,025.00 to $73,782.50
The listed base salary is just one component of our total rewards package, and performance-based or discretionary bonuses may be available
This role can be done from multiple locations
As a Equipment Finance Specialist, YOU will experience:
- Working within one of the safest organizations in the industry where your safety and well-being are our most important priority
- Working for the best in class equipment dealer and with the premium Caterpillar brand
- Opportunities to continuously Learn, Grow and Develop with our Toromont team through our internal Training teams that are geared for your success
- Competitive total rewards including: wages, benefits, and premiums (as eligible)
- An opportunity for flexible work schedules and opportunities across multiple locations across Eastern Canada
In a typical day, YOU will:
- Work with Used Equipment, sales management, Sales Ops, provide lien searches, waivers registrations and discharges for all machines regardless of source
- Be the Dealer contact for Sales Ops, Sales team with respect to Cat Finance requirements, includes credit apps, issue quotes and finance options, approvals, funding and document process. Work in Cat Finance's Capital Stream system to develop viable financing solutions for equipment transactions and rapid funding
- Interface with CAT Finance (both TM's and Burlington admin centre) on regular basis with respect to the deal progress, document management, use of programs and funding scenarios
- Track all equipment invoices to ensure timely funding and improve equipment invoice cycle and equipment DSO for the financed portfolio.
- Review and process all customer finance contracts to ensure consistency of process. Allocate all required funding and subsidies (including merchandising funds) to ensure all Toromont financial and Risk Management objectives are met. Facilitate the use of alternative finance solutions as required, if Cat Finance is not an option
Must-haves for this role:
- Post-Secondary Education with 5 + years' experience in the equipment financing/leasing industry either from the sales or credit adjudication side
- Must have knowledge in origination and transaction fulfillment for equipment sales
- Customer centric with exceptional relationship management, consulting skills and ability to provide proactive resolution to complicated situations
- Well-developed analytical, communication, interpersonal and organizational skills
- Hands on with excellent proofreading ability with exceptional attention to detail
- Effective time-management and planning with the ability to quickly adapt to multiple and often changing schedules and priorities in a deadline driven environment
- Self directed, team-player with high integrity and initiative to be proactive in problem solving superior proficiency in Microsoft Office software (ie Word, Excel and PowerPoint and other customer based systems)
- Valid Driver's Licence with the willingness and ability to travel as required in support of About Toromont Cat
About Toromont Cat
With over 4,000 employees and 56 locations from Manitoba to Newfoundland, Toromont Cat has a proven track record, industry knowledge, dealership infrastructure, and service mindset to ensure our Construction, Mining, and Power Generation customers succeed. At Toromont Cat, work is built around people's strengths, our products, technology and an outstanding customer experience and through our strong partnership with Caterpillar , Toromont Cat takes care of our employees who take care of our customers! When you join our team, you become a member of the Toromont family. Your success is our success!
Artificial Intelligence (AI)
Please note that our hiring processes involve the use of artificial intelligence (AI) tools to assist with screening, assessing, or selecting candidates; all final decisions are reviewed by our Talent Acquisition team to ensure fairness and compliance with applicable laws.