Payment Processor Job Description
Payment processor
provides subject matter expertise related to payment systems infrastructure projects completed in partnership with key external vendors.
Payment Processor Duties & Responsibilities
To write an effective payment processor job description, begin by listing detailed duties, responsibilities and expectations. We have included payment processor job description templates that you can modify and use.
Sample responsibilities for this position include:
Perform all duties and responsibilities as assigned
Analyze mortgage payments made via lockbox that cannot be processed without further review and research through internet sites
Provide introductory and ongoing training and education to staff
Perform daily cashiering and resolve cashiering issues
Perform weekly quality audit for accuracy of cash postings
Ensure day end processing occurs
Assure daily posting of all payment and adjustments
Assure proper cash posting and balancing to tape totals, deposits and day end totals
Supervise research and correction/application of all transactions relating to unapplied cash
Supervise research and correction of other cashiering transactions as needed
Payment Processor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Payment Processor
List any licenses or certifications required by the position: RHIT, CPC
Education for Payment Processor
Typically a job would require a certain level of education.
Employers hiring for the payment processor job most commonly would prefer for their future employee to have a relevant degree such as Associate and High School Degree in Accounting, General Education, Business, Associates, Business/Administration, Education, Supply Chain Management, Finance, Computer Science, Guidance
Skills for Payment Processor
Desired skills for payment processor include:
Auto Process systems
FACS
ItemAge
Opex
Excel and Outlook
Clients' payment requirements
Payment vendors
Products
Microsoft Excel 2013
ItemAge/ Opex/ FACS/ auto process systems
Desired experience for payment processor includes:
Create payments using JDE application
Research unpaid items and update records accordingly, ensuring accounts are updated accurately
Manages and leads teams that cross multiple functions and have significant impact on the line of business and organization
Organizes, directs, and manages activities of oversight projects and staff
Lead both proactive and reactive projects and initiatives designing and building best-in-class AML/Compliance programs
Recommend strategies and solutions for AML/KYC initiatives to Executive Management
Payment Processor Examples
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Payment Processor Job Description
Job Description Example
Our company is searching for experienced candidates for the position of payment processor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for payment processor
- Positively and creatively influence change and champion mission critical change initiatives
- Processes customer transactions in the manner described in operating procedures using data processing equipment and/or personal computers
- Communicates and works with other shift/cost center staff, internal and external customers, technical support staff, and supervisors to respond to requests for information
- Image checks using appropriate machine
- Update procedures
- Payment Posting -- Transcribes payment data from negotiable instruments and computer printouts and posts payment data to debtor/customer accounts in MSB's collection system
- Payment File Exceptions -- Determines resolution for payments which post to exception reports for the electronic files
- Review and process Medical and Marketing HCP honoraria payments
- Keep current with compliance requirements and process changes
- Interact with multiple colleagues to obtain additional documentation as required
Qualifications for payment processor
- Shift work is required for full-time positions
- A significant level of analytical ability is required in order to correct errors and notice trends
- Ability to proofread and check documents for errors problem solving issues
- Able to fully commit to the work schedule
- High-risk area requires annual background and credit check
- Must work until completion of daily vault functions
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Payment Processor Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of payment processor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payment processor
- Produce Payment Summary Report
- Familiarity with finance processes
- College preferred with attention to detail
- Respond to inquiries on status of client payments & deposits
- Meets daily, weekly, and month end deadlines
- Working knowledge of MS Office, particularly Excel
- Professional, positive attitude and sharp
- Enjoys working in a team-focused environment
- Desire to work for a large well-branded organization and grow within
- Go-getter, passionate and driven
Qualifications for payment processor
- Must be able to stand or sit for prolonged periods of time
- Ability to learn and follow new procedures quickly
- Successful contractors will have prior experience working in a fast-paced, detail oriented, high volume production environment
- Must be able to follow detailed instructions and process high volume, error free processing on a consistent basis
- High school diploma or GED and five years of banking related work experience
- Ability to work independently team
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Payment Processor Job Description
Job Description Example
Our innovative and growing company is hiring for a payment processor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payment processor
- Downloads deposit files from lock box accounts
- Posts payments, denials, and adjustments from all payers
- Review all remittance advices for accuracy to identify errors or questionable data
- Researches and resolves unapplied/unidentified cash receipts
- Reviews postings to ensure payment is applied appropriately, corrects payment posting errors for the sites, and submits refund requests
- Operates effectively within the organizational structure
- Assists with the follow-up requests for medical records, continuing claim reports (PR's), and other information related to claims that are on the "no activity report"
- Creates and mails letters and follows-up on correspondence to the applicant and the financial institution related to a change in or denial of coverage
- Prepares and submits check requests to Accounting for payment of invoices from physicians and other medical facilities for medical records
- Assists with incoming calls from claimants, physicians, and financial institution clients and documents the calls in the claim file and EDMS
Qualifications for payment processor
- A business related certificate/diploma from Community College or University
- Some college course work in medical terminology or related field preferred
- Must have at least two (2) year analytical type general office or related experience
- Must have strong analytical, organizational, and detail oriented skills
- Must have excellent verbal and written communication skills to interact with internal/external contacts and customers
- Must be able to use basic office equipment and have excellent organizational and communication skills
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Payment Processor Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of payment processor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payment processor
- Handles the Applications Processor mail
- Generates No Activity Report for claims
- Reviews individual applications for Payment Protection business to determine eligibility for coverage and adherence to program parameters and enters/indexes application data in the Electronic Data Management System (EDMS)
- Prepares/mails and follows up on letters to applicants and the financial institution related to a change in or denial of coverage/protection
- Assists with incoming phone calls from claimants, carriers, and financial institutions
- Provides training to the entry-level Payment Protection Processors
- Provides assistance to the Claims Processor in verifying coverage, establishing new claims in the system, and generating claim payments
- Assists with processing and distributing all incoming mail for claims and applications
- Assists with filing claims documents
- Research payment posting issues, such as misapplied payments, missing items and duplicate payments
Qualifications for payment processor
- Must be able to type 40 WPM accurately and know 10 key by touch
- Must be able to bend, stoop, and stand to perform filing duties
- Requires a high school diploma or equivalent and at least 5 years of experience in the field or in a related area
- Able to use Microsoft Excel
- Is reliable and able to be at work daily
- Ability to handle confidential information/discretion must be used in releasing any information
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Payment Processor Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of payment processor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payment processor
- Working on special projects as assigned by the department manager
- Reviews individual applications for payment protection business to determine eligibility for coverage and adherence to the program parameters and enters application data in the Electronic Data Management System
- Prepares and follows up on letters to applicants related to a change/denial of coverage/protection elected and informs the financial institution
- Prepares reports for internal and external customers
- Assists the Senior Payment Protection Processor in requesting medical records and information on claims with no activity and documenting such within the claim files and EDMS system
- Serves as back-up to the Claims processor to include coverage verification, new claim set up and generate claim payments within the claims system
- Serves as back-up to the Premium Processor in Accounting to include balancing single premium batch entries, MOB premium processing, and new account set-up
- Assists with processing incoming mail as needed
- Assists with performing as an Electronic Data Management System Power User to make changes as needed based on the business owner needs with management's approval
- Input all payments new business efficiently and accurately into record keeping system.When requested, research payments as necessary
Qualifications for payment processor
- Willingness and ability to work in a fast paced environment to handle a large volume
- Ability to successfully work with a wide range of personnel including community managers, assistants, Board Members and all levels of management personnel
- Proven high degree of accuracy along with an attention to detail for numbers
- Proficient in English, Bilingual helpful
- Must have Microsoft Suite of Services experience
- Prior banking or payment processing experience preferred