Commercial Equipment and Vehicle Finance Operations Analyst

About the position

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. The primary function of the Commercial Equipment & Vehicle Finance role is loan/lease payments and maintenance for the defined lines of business, or executing related controls, utilizing the systems and processes defined by management. The incumbent handles researching of analytical components related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation. We are seeking a detail oriented CEVF Analyst to join our accounting team. The ideal candidate will be responsible for managing incoming funds via wire, IPA, and internal DDA accounts, ensuring accuracy and compliance with company policies and regulatory requirements.

Responsibilities

• Ensures the daily, weekly and monthly reconciliations are completed on time. Any differences are researched and resolved in a timely manner.
• Monitors daily activity and review control processes relating to monetary transactions and clearing accounts such as wire transfers, returned items, payments in process, check suspense, unapplied etc.
• Reconciliation and preparation monthly remittance of sales tax for external accounting firm, submits monthly sales tax through the states' websites.
• Prepares and processes daily entries with source documentation back-up to CAD and TREE, reviews and approves other team members' entries.
• Processes daily GL Link. Compares the InfoLease reports / extracts against Synergy totals. Ensures all entries passed through after the nightly job stream and that nothing has been rejected.
• Scans checks received via BIC (Branch Image Capture). Monitors the outgoing check file sent to FEDs to ensure Santander receives funds for checks posted in the system.
• Tracks incoming wire transfers and ACH transactions, maintains a spreadsheet to ensure all transactions are posted.
• Reviews and validates payments and payoffs are processed as expected. Serves as a second reviewer for Daily proof of payments and payoffs.
• Updates daily Treasury rate in InfoLease or serves as a second reviewer.
• Submits all payments and payoffs received via wire & ACH to Posting to process, along with buyout quotes and wire confirmations/ACH screenshots after verifying the funds. Ensures that the buyout quotes agree with the funds received and that they are not expired.
• Processes payoff assets from inventory that have been sold by the workout group, prepares any necessary Journal entries as needed for possible 2nd/3rd write downs or any entries deemed necessary by workout/Corp. Accounting.
• Places stop payments on Official checks lost/stolen/destroyed and reissue, completes the monthly escheatment report for the CEVF stale dated items that is sent by the Escheatment Dept.
• Researches and responds to incoming commercial loan requests/emails/inquiries received from business areas.
• Helps with Lockbox, ACH, Posting when necessary.
• Manages time efficiently to execute all daily/weekly/monthly tasks.
• Conducts yourself in a professional manner in your daily work ethic.
• Collaborates with internal teams to resolve payment issues and discrepancies.
• Ensures proper documentation is filed/saved appropriately and is available for internal and external audits.
• Identifies and resolves problems within established guidelines.
• Participates in Bank projects as needed, (UAT testing, testing before the system upgrade, testing for a new procedure).
• Participates in procedure review and updates (on demand and annual).
• Participates and supports in getting all the evidence requested for Internal and external audit (Control, RCSA, SOX, PWC).

Requirements

• Bachelor's Degree or equivalent work experience in Business/Accounting or equivalent degree - Required.
• 3-5 years of Operations / Client Service experience and banking operations.
• Accounting knowledge and experience.
• Understands debits and credits, general ledgers, Journal entries.
• Excellent communication, good organizational skills, and attention to details.
• Ability to adhere to policies, procedures, and instructions of management.
• Ability to adapt quickly and be a team player.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Displays a can-do attitude and willingness to learn.
• Sees through complexity and detail to get to the critical issues at hand.
• Working knowledge in Commercial Banking.
• Ability to work in a fast-paced environment with little supervision.
• Ability to work well with others and on teams.
• Demonstrated proficiency in Microsoft Office, including Word, Excel, and PowerPoint.
• Knowledge of the Syndicated and Commercial Loan products and markets.
• Demonstrated knowledge of other banking products and the ability to apply that information to this role.

Nice-to-haves

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Benefits

• 401k
• health_insurance
• dental_insurance
• vision_insurance
• life_insurance
• disability_insurance
• paid_holidays
• paid_volunteer_time
• tuition_reimbursement
• professional_development