Equipment Finance Ops Analyst 1

Huntington National Bank•Minnetonka, MN

2d•$22 - $34•Onsite

About The Position

The Payoff Processing Associate is responsible for the accurate and timely processing of lease and loan contract terminations in accordance with the terms of the relevant payoff quote. This role involves data entry, document verification, data analysis, cash and account reconciliation, and communication with internal and external stakeholders to execute the payoff process.

Requirements

Equipment Finance/Leasing or financial services experience

Nice To Haves

Education: High school diploma or equivalent; Associate or Bachelor’s degree in finance, business, or related field preferred.
Experience: Previous experience in lease and/or loan processing, payment processing, or related field preferred.
Skills: Basic accounting/cash reconciliation
Strong attention to detail and accuracy
Strong analytical and problem-solving skills
Excellent data entry skills
Proficient in Microsoft Office Suite (Excel, Word, Teams, and Outlook)
Intermediate skills in Oracle and Atlassian Jira, preferred
Ability to quickly learn additional systems/software
Strong written and verbal communication skills with attention to detail
Good interpersonal skills
Ability to work independently and as part of a team
Ability to multitask in a deadline driven fast paced environment

Responsibilities

Process Payoff Requests: Accurately review, analyze, verify and process payoff termination quotes in the system of record. Ensure that all necessary steps, documentation, and tracking updates are complete and correct.
Data Entry: Enter payoff termination quotes into the system while maintaining accuracy and attention to detail.
Document Verification: Review and verify documentation related to processed terminations complies with company policies and procedures.
Account Reconciliation: Analyze loan and lease terminations for accuracy, overpayments, application of credit memos and the potential refund of overpayments.
Communication: Liaise with internal departments and external parties to resolve any issues or discrepancies related to terminated contracts.
Customer Service: Provide excellent customer service by addressing inquiries and resolving issues in a timely and professional manner.
Compliance: Ensure all termination processing activities comply with regulatory requirements and company policies.