Equipment Finance Leasing Specialist I

Fifth Third Bank • Rosemont, IL

8d • $47,100 - $94,200

About The Position

Fifth Third Bank is hiring an Equipment Finance Leasing Specialist I to support Equipment Finance customers and the Line of Business. The role works closely with Commercial Operations, Bancorp Relationship Managers, corporate officers, and syndication partners, and serves as the primary Line of Business contact for payment application and collateral inquiries on complex Equipment Finance transactions after accounts are boarded onto the servicing system. The specialist provides timely, accurate service to internal and external clients and supports lien perfection on equipment.

The position involves interpreting Equipment Finance loan and lease structures, documents, and applicable federal lending regulations; resolving customer and internal servicing inquiries; processing lease refinances, amendments, billing matters, contract and asset adjustments, and audit confirmations; and supporting title, UCC, and syndication activities. The role is accountable for following bank policies and procedures, escalating potential credit issues, and managing risk while contributing to a positive customer experience.

The position is based in Rosemont, Illinois. The stated annual base pay range is $47,100 to $94,200, and the role is eligible for incentive compensation. Fifth Third describes its benefits as comprehensive and designed to support employees’ physical, financial, emotional, and social well-being; specific benefits are not enumerated in the posting.

Requirements

• At least 2 years of related work experience in Equipment Finance or Commercial Banking.
• Bachelor’s degree in business, accounting, finance, or a similar field.
• Proficiency with Microsoft Office products, including Word, Excel, and Access.
• Strong customer service orientation.
• Excellent analytical ability.
• Excellent reconciliation ability.
• Familiarity with Equipment Finance loan and lease structures, including finance leases, operating leases, synthetic leases, municipal leases, and conditional sales.
• Familiarity with and adherence to federal lending regulations as they apply to Equipment Finance.
• Ability to analyze communications and documentation and provide accurate, professional resolutions.

Nice To Haves

• InfoLease experience or experience with a comparable servicing system.

Responsibilities

• Provide timely support to Equipment Finance customers and the Line of Business, including resolving payment application and collateral inquiries on complex transactions.
• Read, analyze, and interpret Equipment Finance loan and lease documents and determine how they relate to the servicing system to resolve client inquiries and internal boarding issues.
• Provide customer service to internal and external clients and assist with lien perfection on equipment.
• Establish and maintain working relationships across the Commercial Bank to improve the customer experience for Equipment Finance servicing.
• Own and resolve incoming client and Line of Business requests received by email or direct dial, providing accurate and professional responses.
• Analyze and process lease refinances and amendments, ensuring servicing-system updates preserve contract economics and allocations.
• Research and resolve end-of-term billing issues, including outstanding invoices, maturity date adjustments, rebilling, invoice waivers, security deposits, and billing suspensions.
• Process contract and asset adjustments, including asset locations, tax codes, marketing representatives, late-fee waivers, miscellaneous fees, asset corrections, IDC entries, and other servicing adjustments.
• Recognize potential credit issues and escalate them to the Team Lead, Relationship Manager, Special Asset Officer, and/or Credit Officer.
• Process audit confirmations according to department procedures.
• Support Title Specialists with vehicle titles and registration, UCC processing, and file maintenance.
• Support syndication payments by executing investor wires, reconciling monthly payments to the general ledger, and maintaining monthly reporting for new and closed accounts.
• Follow bank policies and procedures, exchange ideas and concerns openly, and identify, assess, manage, monitor, and report risks.

Benefits

• Comprehensive benefits programs designed to support employees’ physical, financial, emotional, and social well-being.
• Eligibility to participate in an incentive compensation plan, with payments based on company, line-of-business, and/or individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level