... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
... lockbox. * Monitor Credit Analysts performance and provide direction and instructions as needed ... Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer ...
Bank Lockbox information
See Indiana salary details
$9.61 - $14.49
7% of jobs
$14.49 - $19.38
0% of jobs
$19.38 - $24.27
0% of jobs
$24.27 - $29.15
0% of jobs
$29.15 - $34.04
2% of jobs
$34.04 - $38.93
6% of jobs
$41.75 is the 25th percentile. Wages below this are outliers.
$38.93 - $43.81
16% of jobs
The median wage is $46.57 / hr.
$43.81 - $48.70
32% of jobs
$53.08 is the 75th percentile. Wages above this are outliers.
$48.70 - $53.59
12% of jobs
$53.59 - $58.47
8% of jobs
$58.47 - $63.36
15% of jobs
$9
$46
$63
How much do bank lockbox jobs pay per hour?
As of Jul 21, 2026, the average hourly pay for bank lockbox in Indiana is $46.57, according to ZipRecruiter salary data. Most workers in this role earn between $41.39 and $54.23 per hour, depending on experience, location, and employer.
What is a Bank Lockbox job?
A Bank Lockbox job involves processing and managing payments received through a secure mail collection service used by businesses to streamline receivables. Employees in this role open mailed payments, verify and record transaction details, and prepare deposits for the bank. Accuracy and attention to detail are essential to ensure efficient and secure handling of financial documents. This position is commonly found in banking institutions and payment processing centers.
Which bank job pays the highest salary?
In banking, senior roles such as bank vice presidents, chief financial officers, and investment banking directors tend to have the highest salaries. These positions require extensive experience, advanced skills, and often involve leadership and strategic responsibilities, with compensation often exceeding six figures annually.
What does a typical day look like for someone working in a Bank Lockbox position?
A typical day in a Bank Lockbox role involves opening, sorting, and processing incoming mail payments, accurately entering payment data into banking systems, and verifying transaction details for clients. You may also be responsible for handling exceptions, flagging discrepancies, and ensuring compliance with strict timelines to meet customer service standards. While much of the work is independent, collaboration with team members and communication with other departments is common to resolve issues quickly. The environment is generally fast-paced and detail-oriented, ideal for those who enjoy routine, accuracy, and supporting the smooth operation of cash flow for businesses.
What does a bank lockbox do?
A bank lockbox is a service where a company's incoming payments are sent directly to a bank's secure address, allowing the bank to process and deposit payments on behalf of the company. This helps improve cash flow and reduces processing time by automating the collection of payments such as checks and money orders. Lockbox operations often involve data entry, reconciliation, and secure handling of financial documents.
What are the key skills and qualifications needed to thrive in the Bank Lockbox position, and why are they important?
To excel in a Bank Lockbox position, strong attention to detail, data entry skills, and familiarity with basic accounting principles are essential, usually supported by a high school diploma or equivalent. Experience with lockbox processing software, check scanning equipment, and bank transaction systems is highly valued. Strong organizational skills, reliability, and the ability to work well both independently and as part of a team are important soft skills. These competencies ensure accurate, efficient processing of payments and transactions, which is critical to maintaining client satisfaction and financial accuracy.
What is the easiest bank job to get?
A bank lockbox clerk is generally considered an entry-level position that requires minimal prior experience and often offers on-the-job training. It typically involves processing payments and managing mail, making it accessible for those new to banking jobs. Having basic organizational skills and attention to detail can help in securing this role.
What does a lockbox specialist do?
A lockbox specialist manages the processing of payments received through lockbox services, which involves opening, sorting, and depositing payments such as checks and remittances. They ensure accurate data entry, reconcile transactions, and often use banking software or systems to streamline cash flow management.
What are popular job titles related to Bank Lockbox jobs in Indiana? For Bank Lockbox jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Bank Lockbox jobs in Indiana look for? The top searched job categories for Bank Lockbox jobs in Indiana are:
Full-time
Posted 8 days ago
Magnera rating
7.2
Based on 21 frontline employees who took The Breakroom Quiz
Job description
Overview
Magnera's purpose is to better the world with new possibilities made real. For more than 160 years, the originating companies have delivered the material solutions their partners need to thrive. Through economic upheaval, global pandemics and changing end-user needs, they have consistently found ways to solve problems and exceed expectations. By bringing together these legacy companies, the distinct scale and comprehensive portfolio of products will bring customers more materials and choices. With a combined legacy of resilience, Magnera will build personal partnerships that withstand an ever-changing world.
The Cash App, Credit and Collections Manager will be responsible for Managing the Credit Analyst and Cash Application teams while overseeing credit administration, cash application, collections, and the maintenance of Accounts Receivable to maximize cash flow, minimize risk, and ensure accurate customer account management.
Responsibilities- Oversee the accounts receivable process, including cash application, credit review, collections and customer account maintenance.
- Manage the daily cash application process to ensure timely and accurate posting of customer payments received via ACH, wire transfers, checks and lockbox.
- Monitor Credit Analysts performance and provide direction and instructions as needed.
- Lead and train a team and new hires in cash application, credit and collection.
- Assign tasks, track team collection efficiency, and conduct performance evaluations.
- Monitor aging reports and reduce delinquent accounts.
- Utilize daily, weekly, monthly reports to improve cash application accuracy, collection efficiency, reduce bad debt, and report to leadership.
- Monitor unapplied cash balances and resolve payment discrepancies including short pays, overpayments, duplicate payments, unidentified remittances, and deductions in a timely manner.
- Partner with Treasury and Finance to reconcile daily cash receipts, bank deposits, and customer payment activity to ensure accurate financial reporting.
- Develop and maintain standardized cash application procedures, internal controls, and process documentation to improve operational efficiency and ensure compliance.
- Identify and implement process improvements and automation opportunities within cash application, credit, and collections functions.
- Communicate with clients regarding credit terms, payment plans, and overdue balances.
- Maintain positive customer relationships while ensuring timely payments.
- Ensure analyst's conformance to collection strategies and initiatives to achieve prompt payment and reduce outstanding balances measurable by AR turns and DSO.
- Research and establish appropriate credit terms and limits for prospective and existing customers.
- Provide credit trade references when requested.
- Work closely with sales, legal, and finance departments to support business objectives and resolve customer account issues.
- Serve as the subject matter expert for cash application, credit, and collections processes, supporting ERP enhancements, system implementations, acquisitions, and continuous improvement initiatives.
- Ensure compliance with company policies, internal controls and SOX requirements (where applicable).
- Perform other tasks and special projects as required
- Bachelor's degree or equivalent experience in Accounting or Finance preferred.
- Minimum of 5 years commercial accounts receivable experience preferred.
- Supervisory or senior level experience required.
- Ability to gather and analyze pertinent data to support credit decisions on new and existing customers
- Working knowledge of Excel, Word and Powerpoint
- Ability to multi-task in a fast-paced environment
- Excellent written, verbal, and organizational skills.
