Invoice Approval Associate

MidFirst Business Credit, Inc.; Oklahoma City, Northern (OK, KY); Hybrid; USD 35,000 - 52,000; Full time

Job summary

Midland Mortgage, a division of MidFirst Bank, is seeking an Invoice Approval professional to review and approve vendor invoices for mortgage loan servicing. You will analyze expenses and ensure supporting documentation aligns with insurer and investor guidelines.

Strong Excel skills and attention to detail are required. Ideal candidates have office environment experience, the ability to navigate multiple applications, and a track record of meeting deadlines.

Qualifications

• Experience in a related office environment and handling detailed documents.
• Ability to navigate multiple computer applications and meet deadlines.
• Proficiency with MS Excel is required.

Responsibilities

• Review and analyze submitted expenses for payment, confirming they can be charged to loans.
• Gather and evaluate whether supporting documentation meets Insurer and Investor rules or guidelines.
• Participate in annual system testing when software releases occur.
• Contribute to ad hoc projects to maintain/update processes.
• Coordinate with outside vendors for documentation as needed.

Skills

Microsoft Excel

Education

High School or better

Job description

Midland Mortgage, a division of MidFirst Bank, is one of the most successful home mortgage servicers in the country. We focus on quality and creating winning teams to execute our mission to be the top performing financial institution in the markets we serve. We are looking for an individual that will share in our passion for this mission.

The Invoice Approval Department is primarily responsible for reviewing and decisioning invoices submitted for payment by vendors used in the course of servicing mortgage loans. The Department analyzes each expense to determine whether the item meets all required criteria for payment. From time to time, Invoice Approval associates may work with outside vendors including attorneys, utility companies, and municipalities. Associates in the Invoice Approval department learn about many different aspects of mortgage servicing and will also have opportunities to learn about processes in other default departments. Your work will help our team to execute the department mission to minimize losses by maximizing recoveries.

Responsibilities include:

• Review and Analyze submitted expenses for payment. This includes determining whether those payments can be assessed to loans.
• Gathering and evaluating whether supporting documentation is sufficient based on Insurer and Investor regulations or other applicable guidelines; this involves working and resolving various exceptions identified through the invoicing application
• Participating in annual systems testing to ensure all automated processes within the department function with new software releases
• Participating in ad hoc projects as required for maintaining and updating current processes
• Working with outside vendors to obtain supporting documentation for invoices, as needed.

Position Requirements

Candidates must possess experience in a related office environment, working with detailed documents, navigating multiple computer applications throughout the day, with demonstrated success meeting deadlines to be considered. Competency with MS Excel is also required.

Additionally, candidates must demonstrate:

• Strong analytical problem-solving skills
• Effective time management and ability to meet deadlines
• Ability to work independently

Prior experience (home or work) working with multiple computer monitors is preferred, as the position requires navigating multiple monitors and applications.

Qualifications

Skills

Required

Microsoft Excel

Intermediate

Education

Required

High School or better.

Experience

Required

Experience in a related office environment, working with detailed documents, navigating multiple computer applications throughout the day.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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