Operations Specialist

Posted 5 Days Ago
Be an Early Applicant
Philadelphia, PA
Junior
Financial Services
The Role
The Operations Specialist at NewLane Finance is responsible for accounts receivable management, payment processing, customer statement preparation, cash management functions, and workflow improvement initiatives. The role requires strong organizational and communication skills, attention to detail, and a customer-centric attitude in a finance-oriented environment.
Summary Generated by Built In

Job Description

NewLane Finance is a commercial equipment finance company, serving small and mid-size business nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience, and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by a $24B financial organization.

NewLane Finance is immediately seeking an experienced Operations Specialist with strong skills in, but not limited to, effective communication, ability to identify issues and provide solutions, attentiveness, and time management. The successful candidate will also possess an energetic, courteous, and professional demeanor. This position will be reporting to the VP of Finance.

Responsibilities

  • Broad understanding of accounts receivable, payment application and account reconciliation.
  • Prepares, reviews and mails monthly customer statements.
  • Posts customer payments by recording cash, checks, and credit card transactions.
  • Summarizes receivables by maintaining invoice accounts, coordinating monthly lock box transfer to accounts receivable account, verifying totals, and preparing reports.
  • Perform cash management functions such as, but not limited to, depositing cash receipts.
  • Identify inefficiencies within the current workflows and assist in the logical implementation of improvement.
  • Assists other finance areas such as accounts payable.
  • Willingness to learn new technology, processes and procedures.
  • The Operations Specialist shall perform other duties in connection with the administration of leases as assigned or as business needs change.

Qualifications

  • General knowledge of commercial equipment financing and the products thereof.
  • The successful candidate will possess a positive and “customer-centric” attitude, adhering to NewLane’s core values.
  • Candidate must have a “business” mindset, with an understanding of the financial services industry – including an ability to understand all facets of financial services, such as leasing, secured lending and asset management.
  • 1 to 2 years in relevant operations, customer service and commercial collections experience. Leasing/financial industry/banking sector is preferred.
  • Exceptional organizational skills.
  • Ability to work autonomously while displaying excellent written and verbal communication skills.
  • Detail oriented and ability to remain patient and professional when interacting with customers.
  • Ability to work quickly and efficiently without sacrificing quality.
  • Proficient computer skills including MS Office Suite and ability to learn various proprietary software programs.
  • Must have legal right to work in the U.S.

The successful candidate will receive competitive compensation, excellent benefits including Health, Dental, Vision, 401k) with match, flexible spending, Life Insurance, Short Term and Long-Term Disability Insurance, generous PTO, and much more…

NewLane Finance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, protected veteran or disabled status, or genetic information.

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at [email protected].

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

The Company
HQ: Wilmington, DE
2,187 Employees
On-site Workplace
Year Founded: 1832

What We Do

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of June 30, 2024, WSFS Financial Corporation had $20.7 billion in assets on its balance sheet and $84.9 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. Member FDIC | Equal Housing Lender | NMLS #417673

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