Default Specialist I

Fifth Third Bancorp
Cincinnati
Workplace: OnsiteFull timeFunction: Finance & AccountingExperience: 2+ yearsEducation: high_schoolSkills: ["Confidentiality","Communication","Attention to detail","Teamwork","Risk management"]

Verify and process incoming invoices from multiple vendor lines of business, approving or denying payments based on accuracy and allowable fee limits. Monitor mortgage and consumer billing inboxes and handle fee approval requests within policy thresholds. Process checks and wires through the default lockbox, post funds to unapplied accounts, and review charge-off reports. Maintain reporting and documentation while following investor, departmental, and legal guidelines.

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FursaFursa
Fifth Third Bancorp
Fifth Third Bancorp
3 days ago

Default Specialist I

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 5 hours agoStatus: Live
Reposted: similar role first listed 1 month ago

Job Summary

Verify and process incoming invoices from multiple vendor lines of business, approving or denying payments based on accuracy and allowable fee limits. Monitor mortgage and consumer billing inboxes and handle fee approval requests within policy thresholds. Process checks and wires through the default lockbox, post funds to unapplied accounts, and review charge-off reports. Maintain reporting and documentation while following investor, departmental, and legal guidelines.
Location: Cincinnati
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Mid level

Key Responsibilities

  • •Review incoming invoices from multiple vendors/lines of business to ensure billed items are accurately assessed.
  • •Approve or deny invoices for payment based on processing decisions and fee-limit requirements.
  • •Monitor mortgage and consumer billing inboxes and gain approval for any fee requests over allowable limits.
  • •Process checks and wires through the default lockbox, and post funds to default accounts as needed.
  • •Monitor unapplied funds buckets, review charge-off reports, create required reports, and distribute them as needed.

Key Requirements

  • •High school diploma or equivalent.
  • •Minimum two years of general office or accounts receivable/payable experience (or equivalent).
  • •Excellent oral and written communication skills with strong attention to detail.
  • •Solid mathematical skills and good knowledge of PC and Microsoft Office tools including Outlook, Excel, and Word.
  • •Systems experience with LoanSphere and Director is a plus; must follow confidentiality requirements.
Experience:2+ yearsAccounts receivable
Education:High School
Skills:ConfidentialityCommunicationAttention to detailTeamworkRisk management
Tech Stack:Microsoft OfficeOutlookExcelWordLoanSphereDirector

Company Brief

Fifth Third Bancorp
Fifth Third Bancorp is a diversified bank holding company offering consumer, commercial, and wealth management services. Through its banking subsidiaries, it provides deposits, lending, treasury management, payments, and investment solutions across the Midwest and Southeast.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Cincinnati, United States
Founded: 1858
Glassdoor
Glassdoor: 3.7
WebsiteLinkedInGlassdoor