Deposits and Disbursements Representative

Posted 2 Days Ago
Be an Early Applicant
Lynchburg, VA, USA
In-Office
40K-53K Annually
Entry level
Fintech • Insurance
The Role
Process and reconcile policyholder payments and disbursements, handle deposits, wires, voids, stop payments and refunds, research and resolve unidentified payments, maintain internal controls, meet bank deadlines, support related departmental functions, and stay current on compliance and procedural changes.
Summary Generated by Built In

At Genworth and CareScout, we're on a mission to simplify and dignify the aging experience. 

The truth is, most of us will help a parent, spouse, family member, friend, or neighbor navigate aging and care at some point in our lives. We've been there ourselves. That's why we're building better ways to help people find, fund, and understand aging care all while being supported every step of the way. 

We're a team of curious problem-solvers, compassionate listeners, and people who care about making a difference. We value diverse perspectives and are committed to fostering an inclusive culture where every team member feels respected, supported, and empowered to bring their authentic self. 

Our four values guide our strategy, our decisions, and our interactions: 

  • Make it human. We care about the people that make up our customers, colleagues, and communities. 

  • Make it about others. We do what’s best for our customers and collaborate to drive progress. 

  • Make it happen. We work with intention toward a common purpose and forge ways forward together. 

  • Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

If you’re looking to build a meaningful career while helping transform the aging experience for millions of families, we’d love to hear from you.

POSITION TITLE
Deposits and Disbursements Representative

POSITION LOCATION

Lynchburg, VA

This position is available to Virginia residents as Lynchburg, Virginia in-office applicants only.

* Employees are expected to work on site Monday through Friday. In the event the office is inaccessible (i.e. Inclement weather or other business circumstances), employees may be required to work remotely as needed.

SCHEDULED HOURS

During training, your hours will be 8:00 AM- 5:00 PM EST. Once training is complete, your regular schedule will be an 8-hour shift between the hours of 7:00 AM- 6:00 PM EST. Schedule may adjust slightly in the future based on business needs. Candidates are expected to have consistent, reliable and predictable attendance during the duration of training and upon successful completion of training to support the needs of our business.

YOUR ROLE

As an Operations team member, you’ll play a crucial role in delivering world-class customer service and capabilities to our policyholders—now and in the future. This role plays an important part in ensuring policyholder payments are applied accurately, and financial transactions are completed timely and securely.

WHAT YOU WILL BE DOING

  • Review checks for negotiability and support deposit processing.

  • Process financial transactions, including premium payments, rejected premiums, premium refunds, premium reversals, suspense entries, and related disbursement activity.

  • Research premium activity, respond to inquiries related to premium application and billing, and resolve unidentified customer payments.

  • Process inbound and outbound wire transactions, as well as stop payments, voids, and manual checks accurately and within the established processing deadlines.

  • Ensure transactions are completed accurately and on time to meet bank and processing deadlines.

  • Maintain internal controls related to check handling while protecting the accuracy and integrity of customer records.

  • Learn and support multiple department functions to help ensure timely processing, team flexibility, and responsiveness to changing business needs.

  • Stay current on compliance, product, and procedural changes.

  • Support other projects and duties as assigned.

WHAT YOU BRING

  • High school diploma or equivalent.

  • Proficiency with Microsoft Office applications, including Excel, Word, and Teams.

  • Strong verbal and written communication skills, with the ability to interact effectively with management, team members, peers, and internal and external customers.

  • Ability to work collaboratively in a team environment and adapt to changing priorities in a fast-paced setting.

  • Strong organizational, prioritization, analytical, and detail-management skills.

  • Ability to quickly learn Customer Service accounting and reporting systems.

  • Strong attention to detail and commitment to accuracy, with the ability to consistently deliver high-quality work.

  • A dedicated, distraction-free workspace, and reliable high-speed internet in the event remote work is required

NICE TO HAVE

  • 1+ years of experience in banking, accounting, financial operations, cash processing, or a related environment.

COMPENSATION

Lynchburg Range: $39,500 to $53,000

Disclaimer: This role will be located in Lynchburg, VA. Actual compensation will vary based on experience, skills, and other job-related factors. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.

EMPLOYEE BENEFITS & WELL-BEING

Genworth|CareScout employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.

  • Competitive Compensation & Total Rewards Incentives

  • Comprehensive Healthcare Coverage

  • Multiple 401(k) Savings Plan Options

  • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)

  • Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave

  • Disability, Life, and Long Term Care Insurance

  • Tuition Reimbursement,  Student Loan Repayment and Training & Certification Support

  • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)

  • Caregiver and Mental Health Support Services

ADDITIONAL INFORMATION

* At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

Skills Required

  • High school diploma or equivalent
  • Ability to work on site in Lynchburg, VA Monday through Friday (in-office applicants only)
  • Proficiency with Microsoft Office applications including Excel, Word, and Teams
  • Strong verbal and written communication skills
  • Ability to work collaboratively in a team environment and adapt to changing priorities
  • Strong organizational, prioritization, analytical, and detail-management skills
  • Ability to quickly learn customer service accounting and reporting systems
  • Strong attention to detail and commitment to accuracy
  • Dedicated, distraction-free workspace and reliable high-speed internet for remote work if required
  • 1+ years of experience in banking, accounting, financial operations, cash processing, or related environment

Genworth Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Genworth and has not been reviewed or approved by Genworth.

  • Healthcare Strength Pay is frequently described as good when considered alongside a comprehensive medical, dental, and vision package with preventive care options and expanded mental-health counseling access. On-site clinics/fitness centers in some locations and gym reimbursement further strengthen the perceived health offering.
  • Leave & Time Off Breadth Time off offerings are presented as wide-ranging, including paid volunteer time, paid family leave, time off for voting, and flexibility to roll over time in some cases. Additional programs like crisis-management time off and multiple paid-leave options contribute to a strong overall leave picture.
  • Wellbeing & Lifestyle Benefits Wellbeing support is positioned as holistic, spanning work/life services such as life coaches, digital wellbeing programs, and caregiver-focused resources. Financial wellbeing add-ons like free personal financial planning and workshops also contribute to the broader lifestyle value of the rewards package.

Genworth Insights

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The Company
HQ: Richmond, VA
5,001 Employees
Year Founded: 2004

What We Do

Genworth is an insurance company that is dedicated to help people secure their financial lives, families, and futures. Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871. Our products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists.

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