Full-Time

Lockbox Payment Processor

10:30PM

Posted on 11/25/2024

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Offers diverse banking and financial services

Fintech
Financial Services

Entry, Junior

Cincinnati, OH, USA

Category
Commercial Banking
Finance & Banking
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.

Fifth Third Bank provides a variety of financial services to individual consumers, small businesses, and commercial clients. Its offerings include personal banking products like checking and savings accounts, mortgages, personal loans, and insurance options such as life and health coverage. For businesses, the bank offers services including business accounts, commercial loans, and treasury management. Fifth Third Bank's revenue comes from interest on loans, account service fees, and commissions from insurance and wealth management services. What sets Fifth Third Bank apart from competitors is its comprehensive range of services tailored to both personal and business needs, along with specialized offerings like down payment assistance. The goal of Fifth Third Bank is to help clients achieve their financial objectives through effective banking solutions and financial planning.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The bank's adoption of digital disbursements and treasury management solutions can enhance operational efficiency and attract tech-savvy clients.
  • Fifth Third Bank's diverse product offerings, including specialized services like down payment assistance, provide ample opportunities for career growth and specialization.
  • The focus on digitization and instant payments can lead to increased customer satisfaction and retention, driving long-term growth.

What critics are saying

  • The lawsuit alleging the opening of fake accounts could damage Fifth Third Bank's reputation and lead to regulatory scrutiny.
  • The competitive landscape in the B2B payments sector requires constant innovation to maintain market share, posing a challenge for sustained growth.

What makes Fifth Third Bank unique

  • Fifth Third Bank's focus on digital treasury and instant payment solutions positions it as a forward-thinking player in the financial services sector, adapting to pandemic-driven trends.
  • The bank's comprehensive range of services, from personal banking to wealth management, allows it to cater to a diverse clientele, unlike competitors with a narrower focus.
  • Fifth Third Bank's involvement in the B2B payments sector, particularly through the use of APIs, highlights its commitment to innovation and efficiency in financial transactions.

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