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Dealer Floor Plan Processor II

Location: Cincinnati
Posted on: May 11, 2024

Job Description:

GENERAL FUNCTION: Under minimal supervision, the Dealer Floor Plan Processor II will be responsible for initiating advances, applying payments, setting up unit loans.


.Ensure adherence to loan, credit, and operational policies.

.Assist level I processors with basic job functions as needed.

.Assist with the training of all new Processor I additions to staff.

.Review of all auction house requests for proper documentation prior to posting advances on the customer''s loan with direct payment to auction house.

.Use reports to research and process any MICR rejected payments / advances that have rejected into the In Process account. Communicate with external customer for clarification and resolution as needed.

.Use analysis to review all lease documentation including receipt of original title and verification of the Fifth Third Lien Position.

.Accurately document the title and Security Agreement information on all Lease Line Dealers for collateral verification by field auditors and Relationship Managers

.Monitor unit paid reports for timely release of titles to customers after payoff.

.Provide approvals to third party manufactures while monitoring commitment levels to eliminate risk to Fifth Third Bank. These approvals can be up to $500,000.00. Must monitor and track availability, and work with Affiliate RM on all exception /overline requests.

.Use professional telephone communication skills to work with the external customer and or manufacturers upon receipt of invoices so that flooring approval can be obtained and the manufactured paid in a timely manner.

.Ensure accurate and timely processing of intermediate level dealer floor plan adjustment requests at both obligor and unit level.

.Review and accurately process simple interest and curtailment payments.

.Research and resolve all problems identified by field auditors for Dealer Floor Plan. Communicate with external customer or Relationship Manager, providing documentation of research and work with the customer for resolution of audit issues.

.Verify EFT information, input and prepare ACH transactions for customers and third party vendors. Provide back up documentation and report to management when completed for final approval and authorization for all transactions.

.Responsible for the QA of DFP payoff, flooring, adjustment processing and new loan setups and renewals.

.Provide a high level of customer service.

.Ability to accurately handle all job functions of a DFP Processor I.

.All other duties as assigned.


Keywords: , Cincinnati , Dealer Floor Plan Processor II, PR / Public Relations , Cincinnati, Ohio

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