The Role
The Credit Deal Closing Specialist manages credit-related documents, ensures compliance, collaborates with teams, and executes approvals to streamline the closing process.
Summary Generated by Built In
Position Summary:
The Credit Deal Closing Specialist is responsible for the review and processing of credit-related contract documents, focusing on accurate preparation. This role ensures that all credit documentation complies with internal policies, regulatory requirements, and industry standards. The specialist works closely with credit analysts, treasury, contract admin, sales and legal to obtain, review and accept/reject amendments and other credit-related paperwork in order to close PTL lease and maintenance deals requiring credit enhancements. Once all required documentation is obtained and correct, the Credit Deal Closing Specialist will execute a formal Credit Approval in Penske’s Contract Admin Tracking System to formally approve the transaction. This will centralize and standardize the document review process which is currently with the credit analysts and will shorten deal cycle time.
Major Responsibilities:
• Ensure completeness and accuracy of all documentation in alignment with credit decisions, policies and legal requirements.
• Issue a formal approval in CATS when all credit requirements are met.
• Work collaboratively with credit analysts and sales teams to resolve documentation discrepancies. If needed, work with the Legal team for guidance for issue resolution
• Other projects and tasks as assigned.
Qualifications:
• Bachelor's Degree in Business Administration, Finance, Legal Studies or related fields preferred. If no degree, equivalent work experience is required.
• Minimum 3 years of experience with contract interpretation, contract management systems, experience with sales processes and systems preferred.
• Minimum 2 years of experience in document management, administrative support in a credit or financial environment preferred.
• Intermediate knowledge in Microsoft Office, AS400, Salesforce & CATS.
• Ability to meet key deadlines
• Ability to prioritize, multi-task, handle multiple projects
• Analyzes complex information and presents it in a way that is easy to understand
• Excellent communication skills, both written and verbal
• Ability to collaborate and influence others
• Can work independently and with teams
• Ability to partner with international teams
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.
Physical Requirements:
• The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Penske is an Equal Opportunity Employer
About Penske Truck Leasing/Transportation Solutions
Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.
Skills Required
- Bachelor's Degree in Business Administration, Finance, Legal Studies or related fields
- Minimum 3 years of experience with contract interpretation
- Minimum 2 years of experience in document management
- Intermediate knowledge in Microsoft Office, AS400, Salesforce & CATS
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The Company
What We Do
Penske Logistics is a Penske Transportation Solutions company. We provide supply chain management and logistics solutions to leading brands around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing, freight management, and dry-van truckload services. Penske offers customized supply chain and logistics solutions including: Dedicated Contract Carriage; Distribution Center Management; Freight Management; Freight Brokerage; Transportation Management Solutions (TMS); Lead Logistics Provider (LLP), Control Tower and 4PL Solutions. We serve a variety of industries including: automotive; food, beverage, grocery, wine and spirits; cold chain; convenience and drug stores; quick service restaurants (QSRs); retail; big box retailers; building and construction products; CPG; healthcare; industrial manufacturing; consumer appliances and consumer electronics; and many others.
