Default Specialist I

Posted 6 Days Ago
Be an Early Applicant
Cincinnati, OH, USA
In-Office
Junior
Fintech
The Role
Reviews and processes vendor invoices, fee requests, checks, wires, and charge-offs related to mortgage and consumer default accounts. Posts funds, monitors billing inboxes and unapplied balances, prepares reports, obtains approvals, and follows investor, legal, compliance, and confidentiality requirements. The role works under close supervision in a team-oriented office environment and may require overtime.
Summary Generated by Built In

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: Working under close supervision, verifies work completed on incoming invoices from various vendors and has invoices processed for payment. Monitors Mortgage and Consumer billing inboxes and gains approval for any fee request over Investor or Bank allowable limits. Reviews and processes incoming checks or wires through the Default Lockbox. Monitors funds within Default unapplied buckets, reviews Charge Off Reports and processes Charge Offs if appropriate. Specialist must follow Investor, departmental and legal guidelines and is required to utilize multiple systems. Responsibilities may include handling confidential or restricted information requiring the individual to maintain confidentiality.

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 while ensuring 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.

DUTIES & RESPONSIBILITIES:

  • Reviews incoming Invoices from multiple vendors for different lines of business to insure that billed items were accurately assessed.
  • Decisions and processes incoming invoices by approving for payment or denying payment.
  • Gains approval for any fee request over Investor or Bank allowable limits.
  • Posts funds to Default accounts as needed.
  • Creates and maintains reports as needed and distributes them to management or third-party vendors when required.
  • Performs other duties as assigned.

SUPERVISORY RESPONSIBILITIES: None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • High school diploma or equivalent.
  • Minimum two years general office, accounts receivable/payable, or the equivalent education/experience.
  • Excellent oral and written communication skills.
  • Strong attention to detail.
  • Solid mathematical skills.
  • Good knowledge of PC's, Microsoft Office Products including Outlook, Excel, Word and internet functions.
  • Systems experience with Ice LoanSphere/Director is a plus.
  • Annual Compliance and Regulatory Certifications as required by Fifth Third Bank.
  • Professional maturity and ability to work in a team environment while maintaining confidentiality.

WORKING CONDITIONS:

  • Normal office environment with little exposure to dust, extreme temperatures.
  • Noise level is moderate.
  • Extended viewing of CRT screen.
  • Repetitive keystroke movements.
  • Overtime as required.

Default Specialist I

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.

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 45227

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.

Skills Required

  • High school diploma or equivalent
  • At least two years of general office, accounts receivable/payable, or equivalent education and experience
  • Excellent oral and written communication skills
  • Strong attention to detail
  • Solid mathematical skills
  • Knowledge of PCs, Microsoft Office, Outlook, Excel, Word, and internet functions
  • Experience with ICE LoanSphere/Director
  • Annual compliance and regulatory certifications as required by Fifth Third Bank
  • Professional maturity, teamwork, and ability to maintain confidentiality

Fifth Third Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fifth Third Bank and has not been reviewed or approved by Fifth Third Bank.

  • Retirement Support A 401(k) company match, an employee stock purchase plan, and financial coaching are included. These offerings are characterized as a strong pillar of the overall package.
  • Leave & Time Off Breadth Paid time off, holidays, sick time, paid volunteer hours, and time for medical appointments are provided, with accrual increasing with tenure. Generous PTO and leave options are presented as standout elements.
  • Parental & Family Support Paid parental bonding leave and adoption assistance are offered, with additional family supports referenced. These benefits strengthen the package for employees with caregiving needs.

Fifth Third Bank Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Cincinnati, OH
20,258 Employees
Year Founded: 1858

What We Do

At Fifth Third Bank, we are always listening to new ideas so that we can strengthen our commitment to you and the communities we serve.

Similar Jobs

In-Office
Cincinnati, OH, USA
20258 Employees
In-Office or Remote
2 Locations
2459 Employees
21-23 Hourly
In-Office or Remote
2 Locations
1050 Employees
21-23 Hourly

Similar Companies Hiring

Hanover Park Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
42 Employees
Kepler  Thumbnail
Artificial Intelligence • Fintech • Software
New York, New York
9 Employees
Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
60 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account