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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.
ESSENTIAL DUTIES AND 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.
SUPERVISORY RESPONSIBILITIES:
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.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
Education/Experience
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. Supervisory experience is a plus.
Also requires solid finance operation knowledge, including functional knowledge of accounting principles, practices and procedures. And, working knowledge of equipment lease and finance accounting is strongly preferred.
Language Ability
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.
Math Ability
Ability to calculate figures and amounts such as discounts, interest, commissions, percentages, Ability to apply concepts of basic algebra.
Reasoning Ability
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.
Computer Skills
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.
Certificates and Licenses
None
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand; walk; sit.
All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.
Equipment Finance Operations Supervisor
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Cincinnati, Ohio 45202
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
