Equipment Finance Operations Supervisor

Fifth Third Bank•Cincinnati, OH

1d•Onsite

About The Position

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. GENERAL FUNCTION: The Equipment Finance Operations Supervisor is responsible for certain portfolio operations functions within the Equipment Finance business. This position participates in the execution and achievement of the equipment finance company’s strategic objectives. Primary responsibilities include: ensuring the accurate production and delivery of the business unit’s customer invoices; reviewing and approving daily cash posting and disbursements; performing timely collections and workout support; developing, maintaining and reporting insurance and collateral tracking; acting as the primary liaison for internal and external audits, and compliance support. Responsible for management reporting for all of the above. This position expands and retains client relationships by recommending product solutions, responding to client questions and generating ideas to improve the customer experience. The role is 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.

Requirements

Bachelor's degree from a four-year college or university in Accounting, Finance, or related field; along with 5 to 8 years of work experience in portfolio operations/accounting; or equivalent combination of education and experience.
Also requires solid finance operation knowledge, including functional knowledge of accounting principles, practices and procedures.
Ability to read, analyze, and interpret common financial reports and legal documents.
Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
Ability to write documentation for publication that conforms to prescribed style and format.
Ability to effectively present information to top management, public groups, and/or boards of directors.
Ability to calculate figures and amounts such as discounts, interest, commissions, percentages,
Ability to apply concepts of basic algebra.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of instructions and deal with several abstract and concrete variables.
Advanced knowledge of systems including lease accounting software systems, Microsoft Office suite, Vertex Sales and Use Tax software, and other proprietary software products used in support of the business.

Nice To Haves

Supervisory experience is a plus.
And, working knowledge of equipment lease and finance accounting is strongly preferred.

Responsibilities

Manage the complete cash application process.
Responsible for reviewing and approving daily cash posting and check deposit processing.
Assist with clearing and resolving differences including working with customers and syndication partners.
Responsible for all customer invoice generation and delivery and accuracy of the processes and system projects associated with this.
Manage the monthly collections process and assist with workouts as needed.
Prepare and process wire payments for syndicated deal payments received and submit to Agency Services.
Review ACH payments for customers and ensure billing accuracy prior to submission.
Drive the processes and system projects associated with these functions.
Manage the post-closing collateral perfection process for Unform Commercial Code (UCCS), titled units and registration, perfection and annual renewals for marine and vessels, insurance tracking processes and the systems associated with these responsibilities.
Ensure that the periodic processing of transactions does not impact the general ledger incorrectly.
Research and resolve differences as appropriate.
Work with other departments to resolve open items.
Create new and modify existing processes as appropriate.
Cross train other department members and serve as a backup for other lease operational and accounting processes within the department.
Understand complex lease operational and accounting process and make recommendations to improve, streamline or eliminate processes or procedures within the business.
Complies with all applicable federal and state regulations.
Other duties may be assigned.
Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.