Payoff Termination Analyst 1
Huntington National Bank•Minnetonka, MN
•$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
- 1+ Equipment Finance/Leasing or financial services experience
- 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)
- 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
- Applicants must be currently authorized to work in the United States on a full-time basis.
Nice To Haves
- Associate or Bachelor’s degree in finance, business, or related field preferred.
- Previous experience in lease and/or loan processing, payment processing, or related field preferred.
- Intermediate skills in Oracle and Atlassian Jira, preferred
- Ability to quickly learn additional systems/software
Responsibilities
- 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.
- Enter payoff termination quotes into the system while maintaining accuracy and attention to detail.
- Review and verify documentation related to processed terminations complies with company policies and procedures.
- Analyze loan and lease terminations for accuracy, overpayments, application of credit memos and the potential refund of overpayments.
- Liaise with internal departments and external parties to resolve any issues or discrepancies related to terminated contracts.
- Provide excellent customer service by addressing inquiries and resolving issues in a timely and professional manner.
- Ensure all termination processing activities comply with regulatory requirements and company policies.
Benefits
- health insurance coverage
- wellness program
- life and disability insurance
- retirement savings plan
- paid leave programs
- paid holidays
- paid time off (PTO)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
