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Lockbox Operations Processor Jobs in Washington (NOW HIRING)

NPR

Coordinator, Donor Services and Logistics

Washington, DC · On-site

$22 - $29.50/hr

... processing of lockbox, credit card, wire, stock, pledge and gift agreements and all other types of ... Provide hands-on administrative and operational assistance during Development division fundraising ...

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Lockbox Operations Processor information

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

To thrive as a Lockbox Operations Processor, you need strong attention to detail, basic accounting or financial knowledge, and a high school diploma or equivalent. Familiarity with lockbox processing systems, check scanning equipment, and banking software is typically required. Excellent organizational skills, reliability, and the ability to work efficiently under time constraints help individuals excel in this role. These skills ensure accurate, secure, and timely processing of payments, which is critical for maintaining client satisfaction and financial integrity.

What job makes $10,000 a month without a degree?

A Lockbox Operations Processor typically does not earn $10,000 a month without specialized experience or advanced skills. High-paying roles that can reach this level without a degree are rare and often involve sales, entrepreneurship, or skilled trades, but most high-income jobs require relevant experience or certifications. Generally, achieving such income levels without a degree involves significant expertise, industry connections, or entrepreneurial success.

What does a lockbox processor do?

A lockbox processor handles incoming payments and deposits by processing mailed checks and remittance information for a company. They verify, record, and reconcile payments using specialized software and ensure accurate posting to accounts. This role requires attention to detail and knowledge of banking procedures and financial systems.

What jobs in the US pay 300,000 a year?

Lockbox Operations Processors typically do not earn $300,000 annually. High-paying jobs in the US that reach this level often include executive roles, specialized medical professionals, investment bankers, and certain technology executives, which require advanced skills, extensive experience, and often leadership responsibilities. Most roles with such salaries involve significant management, technical expertise, or industry-specific certifications.

What is the difference between Lockbox Operations Processor vs Data Entry Clerk?

AspectLockbox Operations ProcessorData Entry Clerk
Required CredentialsHigh school diploma, basic financial or data processing knowledgeHigh school diploma or equivalent, basic computer skills
Work EnvironmentBank or financial institution processing payments and checksOffice setting, data input across various industries
Employer & Industry UsageFinancial services, bankingVarious sectors including healthcare, retail, finance
Common Search & ComparisonOften compared for data processing and accuracy rolesGeneral data entry roles, less specialized

The main difference between a Lockbox Operations Processor and a Data Entry Clerk lies in their specific functions and industry focus. Lockbox Processors handle payment processing for banks, requiring familiarity with financial transactions, while Data Entry Clerks perform general data input tasks across multiple industries. Both roles require attention to detail and basic computer skills, but Lockbox Processors typically work within financial institutions handling sensitive payment data.

What is a lockbox remittance processor?

A lockbox remittance processor is a professional responsible for receiving, processing, and recording payments sent via mail on behalf of a company. They verify payment details, update accounts, and ensure accurate posting of funds, often using specialized software and adhering to security protocols.

What are Lockbox Operations Processors?

Lockbox Operations Processors are professionals who handle and process payments received through a bank's lockbox service. They are responsible for opening mail, extracting payments and accompanying documents, verifying information, and entering data into banking systems. Their work helps businesses efficiently manage and deposit large volumes of incoming payments, reducing processing time and improving cash flow. Attention to detail, organizational skills, and familiarity with banking procedures are essential for this role.

What are some typical challenges faced by Lockbox Operations Processors, and how can they be effectively managed?

Lockbox Operations Processors often encounter challenges such as managing high volumes of transactions under tight deadlines and ensuring accuracy during data entry and payment processing. Attention to detail is crucial, as even minor errors can delay client payments or cause discrepancies. Effective time management, regular communication with team members, and leveraging automated tools can help address these challenges. Additionally, developing a strong understanding of company protocols and staying updated on compliance standards is essential for success in this role.
What are popular job titles related to Lockbox Operations Processor jobs in Washington? For Lockbox Operations Processor jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Lockbox Operations Processor jobs in Washington look for? The top searched job categories for Lockbox Operations Processor jobs in Washington are:
What cities in Washington are hiring for Lockbox Operations Processor jobs? Cities in Washington with the most Lockbox Operations Processor job openings:
Lockbox Operations Processor jobs near you
Cash Operations Representative

Cash Operations Representative

Luminis Health

Annapolis, MD • On-site

$17.20 - $23.71/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Luminis Health rating

8.1

Company rating: 8.1 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

67th of 876 rated healthcare providers

Job description

Position Objective:
Under the supervision of the Cash Operations Manager, the Cash Operations Representative is responsible for the validation and reconciliation of money and processing of all payments, adjustments, denials accurately and timely for all professional fee billing. Determines if applied payments should be refunded; monitors credit work queues and resolves credit balances stemming from over posted adjustments, payments. Researches patient's accounts on all requested refunds and completes necessary paperwork and process to finalize refunds.
Essential Job Duties:
The Cash Operations Representative is responsible for bank reconciliation and accurate posting of payments , adjustments, denials , recoupments and refunds while adhering to compliance, policies and regulations.
Responsibilities:
  1. Records monies received in multiple bank accounts and lock boxes daily and reconcile the posting of money to current and legacy AR systems on a daily and monthly basis accurately.
  2. Receives and records all electronic and non-electronic payments from lockbox or other locations daily.
  3. Identifies system payments and works with Cash Operations Lead/Manager to communicate funds received. Prepares and submits journal entries or money reclassifications for accuracy daily to Cash Operations Lead/Manager.
  4. Reconciles all payment, adjustment and refund batches to the daily journal. Resolves any out of balance batches before closing. Responsible for reporting to Cash Operation Lead/Manager any problems or issues on the monthly reconciliation.
  5. Validates receipt and loading of electronic remittance files, resolves errors according to policy and procedure and accepts files to post payments electronically daily.
  6. Post, reviews, scans and disburses self-pay and insurance lock box documents to appropriate resources/ external teams/units timely.
  7. Maintains manual posting batches chronologically by date of entry to the system to facilitate quick and easy access.
  8. Posts all manual payments, adjustments, denials and recoupments manually and electronically to the correct patient account/ invoice.
  9. Transfers secondary balances to the correct payer or patient as the account and payers' explanations of benefits dictates. Forwards copies of rejections or incorrect payments to the Accounts Receivable Specialist for research and resolution.
  10. Performs other duties as assigned.

Educational/Experience Requirements:
  • High School Diploma or equivalent (GED) required.
  • Excellent intrapersonal and communication skills required to and the ability to work collaboratively in a team setting as well as external vendors /departments and units.
  • Two or more years of experience performing the posting of self- pay and insurance payments, adjustments, denials and correspondence manually and electronically preferred.
  • Multi-division cash application processing experience with knowledge of lockbox manual and electronic file processing and banking reconciliation for multiple bank accounts.
  • Highly organized and flexible with the ability to re prioritize work and accept new or different assignments daily as needed to ensure completion of work..

Preferred Qualifications:
  • EPIC Cash Management Tool and payment posting module experience preferred
  • Experience working with lock box conversion vendors preferred.
  • Experience and knowledge in overall claims processing and insurance follow up collections preferred in a health care institution or multiple physician practice shared services environment.
  • Intermediate Microsoft Excel skills and perform independently is preferred.

Working Conditions, Equipment, Physical Demands:
There is a reasonable expectation that employees in this position will not be exposed to blood-borne pathogens.
Physical Demands -
Light Duty
The physical demands and work environment that have been described are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions in accordance with the Americans with Disabilities Act.
The above job description is an overview of the functions and requirements for this position. This document is not intended to be an exhaustive list encompassing every duty and requirement of this position; your supervisor may assign other duties as deemed necessary.
Pay Range
$17.20-$23.71 USD
Luminis Health Benefits Overview:• Medical, Dental, and Vision Insurance
• Retirement Plan (with employer match for employees who work more than 1000 hours in a calendar year)
• Paid Time Off
• Tuition Assistance Benefits
• Employee Referral Bonus Program
• Paid Holidays, Disability, and Life/AD&D for full-time employees
• Wellness Programs
• Employee Assistance Programs and more
*Benefit offerings based on employment status
Opt-in for text notifications!Luminis Health's two-way SMS texting platform lets you receive notifications and messages from our Talent Acquisition team directly on your phone.
To enable this feature, select "yes" when asked to "opt-in to receive text messages" and to "Receive updates from a recruiter about this job via SMS" when completing your application. Once you are opted in, you can easily opt-out at any time. Standard text messaging rates may apply based on the candidate's mobile carrier plan. Luminis Health is not responsible for any charges incurred by the recipient. Candidates are encouraged to review their mobile carrier's plan for applicable text messaging rates and usage charges.

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