Full-Time

Lockbox Payment Processor

Posted on 2/19/2025

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Provides banking, loans, and wealth management services

Social Impact
Financial Services

Compensation Overview

$41.6k - $64.5kAnnually

Entry, Junior

Downers Grove, IL, USA

Category
Commercial Banking
Finance & Banking

You match the following Fifth Third Bank's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • High school diploma or equivalent.
  • One (1) year experience in a production or Lockbox environment preferred.
  • Attention to detail.
Responsibilities
  • Set up and operate Low Speed Extraction Equipment that is designed to cut open mail at a low speed.
  • Manually extract payments from envelopes, separating and sorting checks and invoices in order to prepare deposit in accordance with client specifications and required workflow.
  • Operator will extract the mail and prepare the payments for processing according to each customer's specific instructions.
  • Has gained an increased level of knowledge of multiple customers and procedures. This includes specialized processing for tax accounts, Healthcare accounts and other accounts with unique processing requirements.
  • Meet and maintain production and quality standards as set by the assigned department.
  • Review, sort, and audit materials as needed.
  • Communicate equipment issues, as occurring, to management team.
  • Complete all assigned paperwork and report on machines productivity.
  • Perform routine maintenance of machinery.
  • Perform general housekeeping on and around machine.
  • Perform all work in accordance with established safety procedures.
  • Comply with banking Regulations as they relate to customer confidentiality.
  • Perform quality checks and basic troubleshooting of machinery.
  • Perform any other duties as assigned.
Desired Qualifications
  • One (1) year experience in a production or Lockbox environment preferred.

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 financial solutions. The bank generates revenue through interest on loans, fees for services, and commissions from insurance and investment products. What sets Fifth Third Bank apart from its competitors is its strong focus on community engagement and financial education, providing resources to help clients manage their finances. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while promoting financial literacy.

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

1858

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital banking services enhances Fifth Third Bank's digital platform opportunities.
  • Interest in sustainable finance allows the bank to offer eco-friendly financial products.
  • Fintech partnerships can enhance customer experience and streamline operations for Fifth Third Bank.

What critics are saying

  • Increased competition in credit facilities may draw business away from Fifth Third Bank.
  • Potential overexposure to the aviation sector could be risky during industry downturns.
  • Pressure on interest margins may force the bank to offer more competitive rates.

What makes Fifth Third Bank unique

  • Fifth Third Bank offers a comprehensive range of financial services and products.
  • The bank emphasizes community engagement and financial education for its clients.
  • It provides personalized banking experiences using AI and data analytics.

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Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

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