About this opportunity
Fifth Third Bancorp lists this Accounts Receivable Specialist opportunity in des plaines, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Fifth Third Bank Career OpportunityMake banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.This role is based onsite in Rosemont, ILGENERAL FUNCTION:Provide client support to Equipment Finance customers by working closely with Bancorp Relationship Managers and direct contact with Accounts Payable partners of privately and publicly held companies and Syndication partners. As a Portfolio Analyst I, you are the primary contact to provide timely resolution for inquiries on Equipment Finance transactions after the account is boarded onto the servicing system.Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.ESSENTIAL DUTIES AND RESPONSIBILITIES:Adhere to Federal Lending Regulations as it relates to Equipment Finance.Read, analyze and interpret Equipment Finance loan and lease documents, including documents prepared internally, by outside counsel and external sources and how they relate to the servicing system to resolve client inquiries and/or internal boarding issues.Provide cross functional support for portfolio monitoring of newly booked and existing accounts, provide customer service to internal and external clients and assist with lien perfection on equipment.Provide support to the Equipment Finance Portfolio Analyst II. Aide in gathering information needed for loan/lease servicing as well as providing additional customer support for specific clients.Customer Service:Establish, foster and maintain strong working relationships with the Commercial Bank (portfolio managers, underwriters, credit officers, senior bankers, relationship managers) to improve the overall customer experience specific to Equipment Finance loan/lease servicing.Promptly analyze the client's communication and provide accurate and professional resolution based on knowledge of the relationship, documentation and servicing system.Encourage clients to sign up for Equipment Finance online payment services.Portfolio Quality:Manage a portfolio of accounts by proactively monitoring daily, weekly and monthly reporting to ensure new accounts are booked accurately for client billing and submit any required forms and/or corrections to internal partners to update the necessary servicing systems appropriately eliminating customer impact.Direct client contact to resolve cash application issues, invoice questions or other post boarding issues.Provide monthly invoices to customers.Reach out to customer to inquire regarding past due invoices and collect past due payments.Reconcile and resolve cash application issues with clients and third party servicers.Review and aggressively resolve delinquent accounts for assigned portfolio per Department's procedures and have the ability to recognize a potential credit issue for escalation to the Team Lead, Relationship Manager, Special Asset Officer and/or the Credit Officer.Provide manual billing via Microsoft Excel or Access as necessary for your assigned portfolio.SUPERVISORY RESPONSIBILITIES:NoneMINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:2+ years accounts receivable experience.Bachelor's degree in Business (e.g. Business Administration, Finance, Accounting) required.Familiarity with Equipment Finance loan and lease structures such as finance leases, operating leases, synthetic leases, Municipal leases, conditional sales, and the implications related to each transaction preferred.Knowledge of loan transactions and how to calculate interest accruals based on loan type preferred.Proficient with Microsoft Office products, including Word, Excel, & AccessInfoLease experience or comparable servicing system preferredStrong Customer Service, Invoicing/Billing, and Collections experience preferred.Excellent analytical abilityPrior experience using Artificial Intelligence(AI) in business environment.WORKING CONDITIONS:Normal office environment with little exposure to dust, noise, temperature and the like.Extended time at desk and/or viewing computer screen.Accounts Receivable Specialist Total Base Pay Range 48,100.00 - 96,200.00 USD AnnualAt Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: or by consulting with your talent acquisition partner.LOCATION -- Rosemont, Illinois 60018
Worksite address
des plaines, IL, 60018, US
Who can apply
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