Lockbox Operations Processor

Posted 15 Days Ago
Be an Early Applicant
Medford, MA, USA
In-Office
22-22 Hourly
Entry level
Fintech • Software • Financial Services
The Role
Perform mail opening, sorting, balancing, and 10-key data entry for customer remittances. Prepare deposits, handle exceptions and returns, record daily production, and ensure compliance with banking regulations while meeting quality and productivity standards.
Summary Generated by Built In

Starting Rate:  $21.50 

Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information. 

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The Lockbox Processor performs various functions related to Mail Opening, Exceptions Processing, Sorting, and Keying within the Lockbox Department.

Job Responsibilities:

  • Open, sort, and balance customer remittances according to bank and customer procedures and deadlines.
  • Utilize an adding machine to balance multiple transactions and label with appropriate batch header.
  • Review processable returns for accuracy and complete a Return Item Notification form.
  • Prepare manual deposits for payments received without a document.
  • Prepare checks for data entry processing.
  • Sort through customer payments separating transactions according to customer specifications.
  • Review/prepare counterwork for processing.
  • Record daily production by completing an Employee Production Report and submit to Supervisor at end of shift for review/approval.
  • Sort and prepare the mail for processing by P.O. Box for distribution to the mail opening operation.
  • Perform 10 key data entry for customer payments in a fast-paced environment while meeting quality and productivity standards.
  • Responsible for data entry of detailed payment information from remittance documents according to customer specifications.
  • Monitor and/or ensure compliance with Federal and State laws and regulations, including but not limited to the Bank Secrecy Act and Anti-Money Laundering, in addition to, Bank operation policies and procedures.
  • Other duties as assigned.

Qualifications:

  • This position requires excellent manual dexterity, attention to detail, solid organizational skills, basic adding machine skills, and ability to meet processing standards. 
  • Position requires good communication skills.  Must be able to prioritize and follow direction. Must be able to work in a fast-paced environment. 
  • Candidate must be flexible and able to perform a variety of clerical duties during the shift and demonstrate the ability to move from one task to another easily in a high production environment.
  • The position requires effective interaction with all team members. Candidate must be able to follow verbal direction and read company procedures related to customer business requirements.
  • This candidate will be able to meet customer deadlines while working both independently and as part of a team.
  • Flexible schedule required to meet business needs.

Physical Demands/Conditions:                                                                                                          

The physical demands listed are typical of those an employee must meet to successfully perform the essential duties of this job. We may make reasonable accommodations to enable individuals with disabilities to perform those duties. While performing the duties of this job, the employee is regularly required to talk, see, hear, read, write, walk, sit, stand, stoop, kneel or bend; reach with hands and arms; use office equipment such as computer, telephone, calculator, and fax machine. The employee must occasionally lift and/or move up to 25 pounds.

Backfill coverage for 1) reformatter 2) backfill coverage for transmissions 3) backfill coverage for floor coordinator and 

4) backfill coverage for operations team leader coordinator.

About Us
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.

Eastern Bank is an equal opportunity employer.  All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.

At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Skills Required

  • 10-key data entry and fast, accurate numeric entry
  • Basic adding machine skills
  • Excellent manual dexterity and attention to detail
  • Ability to meet processing quality and productivity standards
  • Ability to prioritize, follow direction, and work in a fast-paced environment
  • Good communication skills and ability to interact effectively with team members
  • Ability to perform varied clerical duties and move between tasks quickly
  • Ability to meet customer deadlines working independently and as part of a team
  • Familiarity with Federal and State banking regulations (e.g., Bank Secrecy Act, AML) and compliance awareness
  • Ability to occasionally lift and move up to 25 pounds
  • Flexible schedule to meet business needs

Eastern Bank Compensation & Benefits Highlights

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

  • Retirement Support A defined‑benefit pension layered with a 401(k) and ESOP/cash‑balance elements creates uncommon depth for long‑term wealth building. This retirement stack differentiates the total package versus many regional banks.
  • Equity Value & Accessibility An employee stock ownership plan adds equity participation alongside core pay and benefits. IPO‑related share allocation underscores the program’s role in total rewards.
  • Inclusive Benefits Coverage Long‑standing LGBTQ+ support and sustained recognition for equality practices indicate benefits parity such as equal partner coverage. Employee networks and an inclusion focus are positioned as integral to the overall benefits experience.

Eastern Bank Insights

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The Company
HQ: Boston, Massachusetts
2,468 Employees

What We Do

Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency

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