Commercial Participation Analyst at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Associates degree or equivalent combination of training and work experience
One to two years banking experience
Proficient in Bank systems as well as Microsoft Office
Minimal to no supervision required
Above average problem-solving skills and customer service skills
Good interpersonal skills
Ability to handle and prioritize multiple tasks
Experience with Word and Excel

Responsibilities

Owns standard bought participation loans within the overall bought participation portfolio
Maintains healthy portfolio and proactively ensures dates, rates, and balances are in alignment with agent bank
Performs research needed to resolve problems in a timely manner
Provides thorough diligence in the move money processes that meets SLAs and prevents near miss/Ops losses
Monitors and resolves reporting (Suspect, Past Due, High Balance, Aged Wires, Int Adjustment and Bill Forward) and escalates to management when applicable
Performs thorough analysis of notifications to identify and remediate inconsistencies or errors prior to posting transactions
Inputs required transactions as relayed in notifications from agent banks that include, but are not limited to, payments, rate changes, advances, and conversions
Establishes relationship and maintains communication with Agent Bank to ensure timely and accurate exchange of information and money
Acts as liaison between relationship managers, corporate customers, members, and other relevant stakeholders
Maintains reporting
Ensures all daily processing and servicing functions are completed accurately and within service levels on multi-billion-dollar loans

Skills

Key technologies and capabilities for this role

portfolio maintenanceloan servicingfinancial analysisresearchproblem resolutionreportingrisk managementdiligencemove money processestransaction processingpaymentsrate changesadvances

Questions & Answers

Common questions about this position

What is the base salary for the Commercial Participation Analyst role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills and experience are required for this position?

An Associates degree or equivalent, one to two years of banking experience, proficiency in bank systems and Microsoft Office (especially Word and Excel), above average problem-solving and customer service skills, good interpersonal skills, and ability to handle multiple tasks are required.

What is the company culture like at Fifth Third Bank?

The company emphasizes doing the right thing for customers and colleagues, driving positive customer experiences, and managing risks while recognizing employees through comprehensive benefits and differentiated compensation.

What makes a strong candidate for this role?

Candidates with 1-2 years of banking experience, strong problem-solving and customer service skills, proficiency in Microsoft Word and Excel, and the ability to work with minimal supervision while handling multiple tasks will stand out.

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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