GATX · 19 hours ago
Contract Specialist
Chicago, IL
Full-time, Contract
Hybrid
Entry Level
$60K/yr - $69K/yr
1+ years expGATX Corporation, an industry leader founded in 1898 and headquartered in Chicago, IL, is seeking a Contract Specialist. The role involves generating legal contract documentation, managing SAP entries for invoice generation, and maintaining the customer database program, while also serving as a point of contact for internal inquiries regarding SAP processes and billing issues.
Financial ServicesIndustrialTransportationVenture Capital
Responsibilities
Prepare various types of legal contracts for railcar and locomotive leasing including, but not limited to, net/full lease conversions, release and reassignments, lease termination agreements and lease transfers related to mergers and acquisitions
Proofread and edit all lease documents prepared by the Contract Team to ensure relevant contractual clauses are present
Resolve urgent customer inquiries on a wide range of issues. Work with appropriate ASL, Account Receivable representative to ensure customer requests and/or questions are resolved satisfactorily while maintaining strict adherence to SOX processes
Working with the Contract Team to ensure month-end completion of all operations related to (including renewals, assignments, amendments and transfers) billing of active lease contracts in SAP, Salesforce and ECM
Update customer name and contact changes in SAP, Salesforce, DocuSign and ECM as it pertains to rental and non-rental customers
Maintain clause library in DocuSign, Master Contract details in Salesforce and online templates under ISITE
Process adjustments for rate changes, retroactive lease transactions and restructured deals
Responsible for initiating invoices in SAP per the commercial agreements, recording customer liability and responsibility items
Ensure Salesforce, SAP and Locomotive MFSR (Monthly Fleet Status Report) data are synchronized
Ensure appropriate internal approvals are received from Investment Risk Management, as required
Maintain contract files in accordance with Records Retention policies
Provide reports and documents to internal/external auditors as well as explanations of process and initial order request
Qualification
Required
Bachelor's degree
1-3 years of contracts administration, legal or other relevant experience required
Strong PC skills with knowledge of Microsoft Applications (Excel, Word, PowerPoint and One Note), ECM (open text), DocuSign and Salesforce
Exceptional understanding of SAP
Basic Accounting experience related to solving invoicing issues
Preferred
Paralegal certification strongly preferred
Railcar and locomotive contract experience
Benefits
Short-term incentive plan
Company
GATX
GATX is an equipment finance company based in Chicago, Illinois.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$400M2025-10-23Post Ipo Debt· $400M
1987-11-05IPO
Leadership Team
M
Max Epstein
Founder
Recent News
2026-01-07
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2026-01-05
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