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FT
Fifth Third Bank, National Association
Accounts Receivable Specialist
Career Insights for Accounts Payable / Receivable Clerk
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Scorecard
Based on Illinois data
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What they do
An Accounts Payable or Receivable Clerk keeps records of accounts and financial transactions, with specific responsibility for Accounts Payable/Receivable. Works for a business or bookkeeping service. Provides information for financial and tax reports completed by an accountant.
$45,316 / year median in Illinois
-10% projected decline
Job Description
Make 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, IL
GENERAL 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, & Access InfoLease experience or comparable servicing system preferred Strong Customer Service, Invoicing/Billing, and Collections experience preferred. Excellent analytical ability Prior 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.
com Careers page at:
https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.LOCATION
- Rosemont, Illinois 60018 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes
- no matter how they are submitted
- will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Benefits
- Dental Insurance