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Lockbox Operations Manager Jobs in Wisconsin (NOW HIRING)

Lot Attendant

Waukesha, WI · On-site

$15 - $18/hr

What You'll Do As an Automotive Lot Attendant, you will support the daily operations of the ... Maintain license plates, lockbox keys, and related inventory * Assist the Merchandising Manager ...

Treasury Analyst

Middleton, WI · On-site +1

$70K - $80K/yr

Treasury Operations & Cash Management * Assist in leading global short-term cash forecasting ... Oversee complex bank integrations, including BAI2 files, lockbox data, ACH/wire confirmations, and ...

Lockbox Operations Manager information

What is the difference between Lockbox Operations Manager vs Lockbox Specialist?

AspectLockbox Operations ManagerLockbox Specialist
CredentialsTypically requires a bachelor's degree in finance, accounting, or related field; certifications like CPA or CAMS are a plusUsually requires a high school diploma or associate degree; certifications are less common
Work EnvironmentOversees teams in banking or financial institutions, managing operations and processesPerforms daily lockbox processing tasks, often in a banking or financial setting
Employer & Industry UsageUsed by banks, financial services, and corporations managing receivablesCommonly employed within banks and financial institutions for payment processing

The Lockbox Operations Manager oversees the entire lockbox processing operation, managing teams and ensuring efficiency, while the Lockbox Specialist handles the day-to-day processing of payments. Both roles are essential in financial institutions but differ in scope, responsibilities, and required experience.

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 or accounting software to maintain financial records efficiently.

Is operations manager a high position?

An operations manager is typically considered a mid- to senior-level management role responsible for overseeing daily business activities, implementing policies, and managing teams. The position's seniority can vary by organization, but it generally involves significant responsibility and decision-making authority.

What are Lockbox Operations Managers?

Lockbox Operations Managers oversee the processing of incoming payments (often checks) received through a lockbox service, which is a secure way for organizations to collect payments by having them sent directly to a bank. They are responsible for managing the team that handles payment processing, ensuring accuracy, compliance, and efficiency in the workflow. Additionally, they implement process improvements, manage client relationships, and ensure all regulatory and security standards are met. This role is crucial in industries such as banking and financial services, where timely and accurate payment handling is essential.

How much does a lockbox processor make?

A lockbox processor typically earns between $30,000 and $50,000 annually, depending on experience, location, and employer. The role often requires attention to detail and familiarity with banking software or processing systems.

What are some common challenges faced by a Lockbox Operations Manager, and how can they be addressed?

Lockbox Operations Managers often encounter challenges such as ensuring timely processing of large volumes of payments, maintaining accuracy under tight deadlines, and managing evolving regulatory requirements. Addressing these challenges requires strong organizational skills, effective use of automation technology, and consistent staff training to prevent errors. Additionally, fostering clear communication with both internal teams and external clients helps resolve discrepancies quickly and maintain high service standards.

Is operations manager a high paying job?

An Operations Manager, including Lockbox Operations Managers, typically earn a competitive salary that varies by industry, location, and experience. In financial services and banking, they often receive higher compensation due to the specialized nature of their responsibilities and required skills such as process optimization and team management.

What are the key skills and qualifications needed to thrive as a Lockbox Operations Manager, and why are they important?

To thrive as a Lockbox Operations Manager, you need expertise in payment processing, cash management, and a solid understanding of banking regulations, typically supported by a bachelor’s degree in finance or a related field. Familiarity with lockbox processing platforms, treasury management systems, and compliance software is crucial. Strong leadership, attention to detail, and problem-solving abilities are essential soft skills for managing teams and ensuring operational accuracy. These competencies enable efficient transaction processing, regulatory compliance, and high service quality in a fast-paced financial environment.
What are popular job titles related to Lockbox Operations Manager jobs in Wisconsin? For Lockbox Operations Manager jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Lockbox Operations Manager jobs in Wisconsin look for? The top searched job categories for Lockbox Operations Manager jobs in Wisconsin are:

Business Analyst- Business Technology (Finance, Payments)

American Family Mutual Insurance Company Si

Madison, WI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago


American Family Insurance rating

7.5

Company rating: 7.5 out of 10

Based on 135 frontline employees who took The Breakroom Quiz

214th of 299 rated insurance


Job description

The Business Analyst is an individual contributor within the Business Technology team, responsible for supporting analysis and delivery of enterprise payment solutions. This role partners with Treasury, Product, Digital, Technology, and Finance partners to help ensure payment capabilities are scalable, compliant, and in consideration of our needs.
You will help translate our needs into clear, applicable requirements, supporting the payments roadmap, and assisting with analysis of production issues that impact customer and financial operations.
You will report to the Senior Manager of Digital and Technology Product.

Position Compensation Range:

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Job Description

Main Responsibilities

1. Payment Solutions Support & Delivery

  • Support analysis and delivery of the enterprise payments roadmap, including digital, lockbox, AutoPay, and real-time payment programs
  • Partner with Product Owners and Lead Business Analysts to define features and document payment capabilities in consideration of value
  • Help with implementation and optimization of main platforms, such as payment gateways, billing systems, and treasury integrations
  • Help ensure solutions align with enterprise architecture, regulatory requirements, and financial controls

2. Requirements and Business Analysis

  • Elicit, document, and validate our requirements across the payment lifecycle, including initiation, processing, reconciliation, and reporting
  • Translate needs into user stories, acceptance criteria, process flows, and functional documentation
  • Perform gap analysis, process mapping, and impact assessments with guidance from senior team members
  • Develop artifacts such as process flows, data mappings, business rules, and functional specifications

3. Cross-Functional Collaboration

  • Be a liaison across Finance, Treasury, Billing, Product, UX, and Engineering teams
  • Participate in working sessions and requirements workshops with partners
  • Document solution options, trade-offs, decisions, and follow-up actions
  • Coordinate with external partners and vendors where applicable, such as payment processors and banks

4. Data, Reporting & Financial Controls

  • Document requirements for payment reporting, reconciliation, and financial controls
  • Partner with Finance and Treasury to support accurate cash application, settlement tracking, and audit readiness
  • Support data analysis to inform decision-making, issue resolution, and compliance needs

5. Governance, Risk & Compliance

  • Help ensure payment solutions follow regulatory, audit, and security requirements, including PCI, fraud controls, and segregation of responsibilities
  • Support enterprise governance practices, such as payment standards, onboarding strategies, and control frameworks
  • Identify and document risks across payment processes and system integrations, escalating concerns

6. Team Contribution & Continuous Improvement

  • Contribute to team best practices in business analysis, documentation, and partner engagement
  • Maintain clear, organized, and traceable requirements documentation
  • Support complex programs by partnering with senior analysts, product owners, and technical teams

Specialized Knowledge & Skills Requirements

Demonstrated experience providing customer-oriented solutions or service

Demonstrated experience defining technical SDLC requirements for moderately complex IT projects using a variety of graphical and textual techniques.

Demonstrated experience consulting on the development of test strategies and plans for medium to large IT projects.

Demonstrated experience using multiple facilitation techniques and other methods to elicit and document requirements and resolve conflicts among project partners.

Demonstrated experience with multiple modeling techniques/tools used to convey and gain agreement regarding requirements. Extensive knowledge of system development life cycle (SDLC) methodologies. (e.g. Waterfall, Iterative, Agile).

Solid knowledge of system architecture and system engineering processes.

Solid understanding of infrastructure technologies, operating systems, and the interconnectivity between infrastructure platforms and software tools.

Solid knowledge of general business operations and strategies.

Preferred Qualifcations

  • 3+ years of experience in Business Analysis, Product Delivery, Financial Systems, or related roles
  • Experience supporting payment systems, billing platforms, financial operations, or enterprise technology solutions
  • Support programs and collaborate with business and technology partners
  • Familiarity with Agile delivery methodologies
  • Experience in insurance or financial services
  • Familiarity with:
    • Payment gateways, ACH, card processing, lockbox, AutoPay
    • Treasury operations and cash management
    • Payment reconciliation and financial reporting
  • Understanding of enterprise integration concepts, such as APIs and event-driven systems
  • Experience with Jira and Confluence for requirements management, backlog tracking, and documentation
  • Experience with data analysis tools, such as SQL, Excel, Snowflake, Tableau, Power BI, or similar technologies, to support payment analysis, reconciliation, and reporting

Success Measures

  • Clear, complete, and traceable requirements documentation in consideration of roadmap priorities
  • Support for delivery of reliable payment capabilities
  • Improved understanding of reconciliation, reporting, and operational impacts
  • Analysis and documentation to support issue resolution

Why You will Matter

You will help deliver a modern, unified payments ecosystem by helping translate our needs into clear requirements, improving customer experience, and strengthening financial accuracy and control across the enterprise.

We will expect you to work 10. days per month from the office. You should reside within approximately 35-50 miles of one of the following office locations. The locations are: Madison, WI 53783. Boston, MA 02110 is another location. Additionally, Denver, CO 80112 is a location. We include Eden Prairie, MN 55343. Keene, NH 03431 is also a location. St. Joseph, MO 64507 is another one. Lastly, Phoenix, AZ 85034 is a location.

#LI-Hybrid

Additional Information
  • To ensure a strong start, all employees participate in our New Employee Orientation during their first week. This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth. At times, sessions may be delivered virtually based on scheduling and availability.
  • Offer to selected candidate will be made contingent on the results of applicable background checks
  • Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
  • Sponsorship will not be considered for this position unless specified in the posting

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation.


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