Payment Processing Specialist (Lockbox Operations)

Posted Yesterday
Be an Early Applicant
Warsaw, NY, USA
In-Office
17-19 Hourly
Entry level
Fintech • Financial Services
The Role
Processes and keys commercial, municipal, and internal loan payment receivables using lockbox software. Prepares remittance materials and correspondence, distributes daily client information, generates and reviews monthly reports, and escalates discrepancies. Requires accurate data entry, strong attention to detail, confidentiality, communication skills, intermediate Microsoft Office proficiency, and the ability to learn banking software. No supervisory responsibilities.
Summary Generated by Built In

The expected rate of pay for this position is shown above.   Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained.   Market and organizational factors are also considered.  In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.

Position Title: Lockbox Processor

Reports To: Lockbox Supervisor

Department: Deposit Operations

FLSA Status: Non-Exempt

 

Purpose: 

The Lockbox Processor is responsible for the processing and reporting of receivables for commercial/municipal Lockbox clients and Bank customer internal loan payments.


Supervisory Responsibilities:

Degree of Supervision Received: Moderate to High

  • Supervision Received (title): Lockbox Supervisor

 

Degree of Supervision Given: None

  • Supervision Given to (Titles): N/A

 

Essential Functions:

  1. Processes and keys Lockbox client receivables deposits and customer internal loan payments utilizing Lockbox software.  
  2. Prepares remittance and correspondence related to processed receivables and distributes to Lockbox clients daily.  
  3. Generates and reviews monthly reports. Escalate any discrepancies to the Senior Lockbox Processor
  4. Demonstrates the standards and principles of the Five Star Bank Experience in every interaction with internal and external customers and associates.  Incorporates the high-performance behaviors of teamwork, leading by example and service in every facet of work.
  5. This job description is not exhaustive. The Lockbox Processor may be required to perform other duties as assigned.

 

Job Related Qualifications – Education and Prior Experience:

Required:

  • Education: High school diploma or equivalent
  • Prior Experience: Demonstrated proficiency in utilizing a computer/keyboard

 

Preferred:

  • Education: Associates degree
  • Prior Experience: 1+ years of data entry or customer service experience


Competencies:

  1. Possess strong keying skills with a high level of attention to detail to ensure accuracy
  1. Able to maintain confidentiality at all times 
  2. Ability to take initiative in problem solving and make practical decisions 
  3. Strong verbal and written communication skills
  4. Possess a high level of attention to detail with the ability to follow detailed instructions/procedures to ensure accuracy
  5. Intermediate level with all Microsoft Office applications including the ability to learn new and existing banking software
  6. Responds to requests for information in a timely and professional manner
  7. Dependable in meeting attendance requirements and schedules established for the department

 

Physical Requirements:

  1. Able to regularly sit for prolonged periods of time.
  2. Able to regularly stand for prolonged periods of time.
  3. Extensive computer usage is required.

 

Skills Required

  • High school diploma or equivalent
  • Demonstrated proficiency using a computer and keyboard
  • Strong keying skills and attention to detail
  • Ability to maintain confidentiality
  • Strong verbal and written communication skills
  • Intermediate proficiency with Microsoft Office applications
  • Ability to learn banking software
  • Associate degree
  • At least one year of data entry or customer service experience
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The Company
HQ: Warsaw, NY
501 Employees

What We Do

With 200 years of community banking experience and a portfolio of $5.0 billion in assets, Five Star Bank offers a wide range of consumer and commercial banking services to individuals, municipalities and businesses through a network of more than 45 branches and offices in Western and Central New York State. We provide our customers a dedicated team of over 600 employees who work together in an environment of trust, integrity, and mutual respect. Our customers are at the heart of our organization, where every interaction is an opportunity for us to deliver a friendly, professional, relationship building experience. We take great pride in being a part of each and every community in which we serve. We're committed to giving back to a variety of non-profit organizations, neighborhood charities and countless others. We are proud to be there for you, our customers, wherever, whenever and however you need us. We are Five Star Bank.

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