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Lockbox Coordinator Jobs in Michigan (NOW HIRING)

Redico

Accounts Receivable Coordinator

Southfield, MI · On-site

$18.25 - $23.50/hr

Accounts Receivable Coordinator (Commercial Real Estate) Join a Team Where Your Work Makes an ... Process high-volume cash receipts , bank deposits, and lockbox transactions daily. * Apply payments ...

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Lockbox Coordinator information

What is a lockbox coordinator?

A Lockbox Coordinator is a financial professional responsible for managing and processing payments received through a bank's lockbox service. This role involves overseeing the daily operations of lockbox accounts, ensuring that incoming payments are properly recorded, deposited, and reconciled with client accounts. Lockbox Coordinators also handle inquiries, resolve discrepancies, and maintain accurate documentation. Their work helps streamline the cash flow process for businesses by expediting the collection and posting of receivables.

How does a lockbox coordinator typically collaborate with other departments to ensure the accuracy and efficiency of payment processing?

A Lockbox Coordinator regularly works with accounting, treasury, and customer service teams to reconcile payments, resolve discrepancies, and maintain accurate records. They play a key role in ensuring that incoming payments are processed quickly and correctly, often communicating with internal departments to clarify remittance information or address exceptions. Effective collaboration helps prevent delays, ensures compliance with company policies, and maintains positive relationships with clients and customers. This teamwork-oriented environment also creates opportunities to learn from other functions and gain a broader understanding of company operations.

What are the key skills and qualifications needed to thrive as a lockbox coordinator, and why are they important?

To thrive as a Lockbox Coordinator, you need strong attention to detail, organizational skills, and a background in finance or banking, often supported by a high school diploma or equivalent. Familiarity with lockbox processing systems, payment processing software, and Microsoft Office Suite is typically required. Excellent time management, problem-solving abilities, and effective communication set standout professionals apart in this role. These skills ensure accurate processing of payments, timely resolution of discrepancies, and efficient workflow in high-volume financial environments.

What is the difference between Lockbox Coordinator vs Accounts Payable Clerk?

AspectLockbox CoordinatorAccounts Payable Clerk
CredentialsBasic accounting knowledge, familiarity with banking softwareBasic accounting, invoice processing experience
Work EnvironmentBanking or finance department, office settingFinance or accounting department, office setting
Employer & IndustryFinancial institutions, corporationsBusinesses, organizations with vendor payments
Search & Comparison IntentRoles handling bank deposits, cash flowRoles managing vendor payments, invoices

The Lockbox Coordinator primarily manages incoming payments processed through bank lockboxes, focusing on deposit accuracy and reconciliation. In contrast, the Accounts Payable Clerk handles vendor invoices and payments. While both roles require basic accounting skills and work in finance environments, their core responsibilities differ, with the Lockbox Coordinator centered on bank deposit processing and the Accounts Payable Clerk on managing outgoing payments.

What are the most commonly searched types of Lockbox jobs in Michigan?

The most popular types of Lockbox jobs in Michigan are:

What cities in Michigan are hiring for Lockbox Coordinator jobs?

Cities in Michigan with the most Lockbox Coordinator job openings:

Lockbox Coordinator jobs near you

Accounts Receivable Coordinator

Southfield, MI • On-site

Redico
See more jobs at Redicoexternal

$18.25 - $23.50/hr

Full-time

Re-posted 14 days ago

Job description

 Accounts Receivable Coordinator (Commercial Real Estate)Join a Team Where Your Work Makes an Impact

Are you someone who loves solving problems, staying organized, and keeping the financial side of a business running smoothly? We're looking for an Accounts Receivable Coordinator to join our Finance team. In this role, you'll play a critical part in ensuring accurate cash application, maintaining tenant accounts, and partnering with property management to deliver an exceptional client experience.

If you're detail-oriented, thrive in a fast-paced environment, and enjoy collaborating with others, we'd love to meet you.

What You'll Do

As an Accounts Receivable Coordinator, you'll be responsible for supporting the financial operations of our commercial real estate portfolio by ensuring payments are accurately applied and accounts remain current.

Key Responsibilities
  • Process high-volume cash receipts, bank deposits, and lockbox transactions daily.
  • Apply payments accurately to tenant accounts receivable ledgers across multiple entities.
  • Research and resolve unapplied cash, open credits, and payment discrepancies in partnership with Property Management teams.
  • Upload tenant invoice charges and ensure timely account updates.
  • Reconcile tenant accounts and investigate payment questions from clients, tenants, and internal stakeholders.
  • Respond to Accounts Receivable inquiries within 24 hours, providing outstanding customer service.
  • Monitor daily bank activity, including wires and ACH transactions, and communicate activity to the appropriate teams.
  • Process monthly prepayment applications.
  • Support the Accounting and Finance team with additional projects and initiatives that improve processes and client service.
What You Bring

We're looking for someone who combines strong accounting skills with exceptional organization and communication.

Qualifications
  • High school diploma or GED required.
  • Associate's degree in Accounting, Finance, Business, or a related field preferred.
  • Minimum of 2 years of Accounts Receivable experience.
  • Commercial Real Estate Accounts Receivable experience preferred.
  • Experience with MRI Software is a plus.
  • Proficiency in Microsoft Office, particularly Excel.
Success in This Role Looks Like
  • Highly organized with exceptional attention to detail.
  • Able to manage multiple priorities while consistently meeting deadlines.
  • Strong analytical and problem-solving skills.
  • Excellent verbal and written communication.
  • Self-motivated with the ability to work independently and collaboratively.
  • Sound business judgment and a proactive approach to identifying solutions.
  • Commitment to delivering excellent customer service to both internal and external clients.
Why You'll Love Working Here
  • Be part of a collaborative and supportive Accounting & Finance team.
  • Work in a stable, growing commercial real estate organization.
  • Make a direct impact on financial operations and client satisfaction.
  • Opportunities to expand your accounting knowledge and grow your career.
  • A culture that values teamwork, accountability, and continuous improvement.
Employment Type: FULL_TIME

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