Transaction Coordinator I

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Career Area:

Finance

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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.

Your Work Shapes the World at Caterpillar Inc.

Our common values and focus on inclusion and respect drive the decisions made by our company, teams and people. This is why we are committed to hiring and building diverse teams representative of the customers we serve globally. When you join our team, you can apply your unique life and job experiences and work in an environment where your ideas are heard, your contributions are celebrated, and your whole-self matters.

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

Cat Financial is a subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more than 40 years, Cat Financial has provided a wide range of financing solutions to customers and Cat® dealers for machines, engines, Solar® gas turbines, genuine Cat parts and services. Headquartered in Nashville, Tennessee, Cat Financial serves customers globally with offices and subsidiaries located throughout North and South America, Asia, Australia, Europe and Africa. Visit cat.com to learn more about Cat Financial. JOB SUMMARY: Exercise decision-making authority in the preparation and/or management of the negotiation, execution, booking, and funding of documentation packages for Cat Financial. Transactions may include, but are not limited to, standard retail and direct lending transactions, corporate account and wholesale financing, construction (project financing), and retail floor-plan loans for U.S. and international transactions. Coordinate documentation closing activities, including gathering and review of conditions precedent prior to funding. Subsequently, may coordinate with shipyards/OEMs and customers adherence to terms and conditions of the transaction documents.

PRINCIPAL DUTIES AND RESPONSIBILITIES: 1. Exercises decision-making authority in their day-to-day processes of preparing, reviewing, booking, and funding standard and non-standard documentation. 2. Reviews other team members' work for completeness and accuracy and provides additional guidance when necessary. 3. Utilizes Legal, Tax, and other support functions within Cat Financial, as needed, to ensure compliance with laws and regulations in multiple national and/or international jurisdictions. 4. Ensures that all conditions of the transaction credit approval and/or commitment letter are correctly documented in the documentation package for each transaction. 5. May draft and recommend necessary amendments of a basic level of difficulty to management and Legal. 6. May communicate with internal/external counsel and other pertinent internal/external parties as needed to prepare and execute the necessary documentation. 7. Gathers information to determine proper legal names, guarantors, authorized signers, and types of board resolutions required to complete transaction documents. Typical financing documents may include loan/lease agreements, promissory notes, mortgages, security agreements, guaranties, assignments, and other transaction documents. 8. Ensures Cat Financial can obtain a security interest in financed equipment from Caterpillar dealers or other non-competitive equipment dealers or project construction contracts during construction. May draft amendments where necessary and recommend approval to management and Legal. 9. Explains documents and conditions precedent to funding to dealers, customers or shipyards/OEMs, negotiates documentation issues if needed, and approves exceptions to standard practice within authority level. 10. Confirms insurance coverage against standard requirements, follows up for any deficiencies, and may negotiate coverage to complete the document file. May coordinate with management and insurance brokers to confirm that insurance coverage is adequate and that the approved carrier rating for the insurance company is acceptable. 11. May develop project construction milestone schedules with Credit Analyst. 12. May ensure the modification of contracts within the system where there are additional drawdowns and/or when there are principal payments submitted. 13. May implement calculations as applicable for each contract with variable interest rates. 14. May provide documentation for financial merchandising programs and work with Sales Support Representatives to help resolve grief items. 15. Participates in accomplishment of continuous improvement objectives for the department and progress toward accomplishment is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of opportunities for improvement and assists in the development of resolutions to address them. 16. Understands the Harassment policy of the company and is responsible for its application in all aspects of employment. 17. Understands Know your Customer, data privacy, Global Payment Authority, and 2-Factor Authentication to ensure compliance with corporate guidelines.

JOB REQUIREMENTS: SKILLS, ABILITIES, AND KNOWLEDGE: 1. Demonstrated ability to apply leadership principles and techniques. 2. Demonstrated knowledge and ability to analyze problems, make decisions, and take measured risks, using available data. 3. Demonstrated ability to concentrate on results while being flexible to achieve goals. Has a sense of urgency and willingness to accept accountability. 4. Proven ability to develop and maintain good interpersonal relationships, working effectively with others inside and outside the company. 5. Working knowledge and ability to prepare sound, legally enforceable contracts and supporting documents that accurately set forth the terms of the transaction on a timely basis. 6. Working knowledge and ability to provide guidance and apply problem resolution techniques to team members on transaction issues. 7. Knowledge of basic contract law. 8. Ability to draft letters, contracts, and other legal documents. 9. Knowledge of and demonstrated ability to apply financing and taxation principles. 10. Knowledge of Caterpillar products and their applications and markets. 11. Knowledge of Caterpillar customers and their industries. 12. Knowledge of financing and documentation principles. 13. Demonstrated knowledge of requirements of filing security interests and their applicability to bankruptcy laws and regulations.

EDUCATION/EXPERIENCE: A 4-year college or university degree and a minimum of 2 years exempt experience in credit, customer services, collections, marketing, financial statement analysis and/or a related discipline is recommended. Previous exempt experience must be progressively increasing in responsibility and accountability and demonstrate an ability to gain knowledge, skills, and responsibility such that a level of full competency can be reached. Equivalent experience may be substituted for education.

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Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at

EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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