• Payoff Processing Analysts

    Huntington National Bank (Minnetonka, MN)


    Description

    Summary:

    The Payoff Processing Associate (Level 69 and 70) is responsible for accurately processing payoff requests and ensuring timely and efficient handling of loan and lease payoffs. This role involves data entry, document verification, data analyzation, cash and account reconciliation, and communication with internal and external stakeholders to execute the payoff process.

    Key Responsibilities:

    + Process Payoff Requests: Accurately review, analyze, verify and process payoff requests in the system. Ensuring all necessary steps, documentation, and tracking updates are complete and correct.

    + Data Entry: Enter payoff information into the system, maintaining accuracy and attention to detail.

    + Document Verification: Review and verify documents related to payoff requests, ensuring compliance with company policies and procedures.

    + Account Reconciliation: Analyze loan and lease accounts to determine accurate payoff processing details to enter in system.

    + Communication: Liaise with internal departments and external parties to resolve any issues or discrepancies related to payoff processing.

    + Customer Service: Provide excellent customer service by addressing inquiries and resolving issues related to payoff processing.

    + Compliance: Ensure all payoff processing activities comply with regulatory requirements and company policies.

    Qualifications:

    + Education: High school diploma or equivalent; Associate's or Bachelor's degree in finance, business, or related field preferred.

    + Experience: Previous experience in loan and lease processing, payment processing, or related field is preferred.

    + Skills:

    + Basic accounting/cash reconciliation

    + Strong attention to detail and accuracy

    + Strong analytical and problem-solving skills

    + Excellent data entry skills

    + Proficient in Microsoft Office Suite (Excel, Word)

    + Intermediate skills in Oracle and Atlassian Jira

    + Ability to quickly learn additional systems/software

    + Strong written and verbal communication skills with attention to detail

    + Good interpersonal skills

    + Ability to work independently and as part of a team

    + Ability to multitask in a deadline driven fast paced environment

    Preferred Qualifications:

    + Equipment Finance/Leasing or financial services experience

     

    Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

     

    No

    Workplace Type:

    Office

     

    Our Approach to Office Workplace Type

     

    Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

     

    Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

    Compensation Range:

    $22.00 - $26.00 Hourly

     

    The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).

     

    Huntington is an Equal Opportunity Employer.

     

    Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

     

    Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.