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Payment Processor/Cash Dept in Lake Zurich at Dovenmuehle

Date Posted: 3/26/2018

Job Snapshot

Job Description

The Cash Department is responsible for processing payments including those from regular and express mail, lockbox, bill payment services, client branches, wire transfers, ACH, websites, and Western Union Quick Collect and Speed Pay.  The Cash Department is responsible for monitoring payments for loans processed with effective dates prior to the credit bureau monthly reporting date to determine if corrections are needed. Drafting services for borrowers include monthly ACH drafts and Budget Drafting.  The Cash Department is responsible for handling returned checks (NSF) and returned ACHs.



Ideal applicant: 2-3 years business/office experience. 


Above average math skills, basic accounting experience or classes.


 


Receive and sort payment/payoffs received through overnight and regular mail


Process payments and/or payoff checks through the internal system. Reconcile and balance batch.


Monitor daily suspense reports to insure timely application of irregular and rejected payment


Insure that all daily work is processed in an accurate and timely manner including irregular payments, suspense, corporate advance deposits and Collection/Bankruptcy payments


Monitor faxes and other information received to ensure timely processing of payments and other information received


Review rejected payments for distributions to proper department or area


Assists processing staff in accurate and timely processing of daily work


Job Requirements

High school diploma or equivalent


2 plus years payment processing and cash balancing experience. Large volume preferred.


Strong and accurate data entry skills.


Detail oriented and able to follow instructions, ability to prioritize duties.


Requires excellent problem solving skills.