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Lockbox Payment Processing Jobs in Iowa (NOW HIRING)

LHH US

Associate - Accounting Operations

Urbandale, IA · Hybrid

$25 - $28/hr

Review and process lockbox payments and apply cash to appropriate policies or invoices * Identify payment application details, ensuring accuracy of amounts and effective dates * Investigate and ...

LHH US

Associate - Accounting Operations

Urbandale, IA · Hybrid

$25 - $28/hr

Review and process lockbox payments and apply cash to appropriate policies or invoices * Identify payment application details, ensuring accuracy of amounts and effective dates * Investigate and ...

All JobsLockbox Payment Processing JobsLockbox Payment Processing Jobs in Iowa

Lockbox Payment Processing information

What is lockbox payment processing?

Lockbox payment processing is a service provided by banks to help businesses efficiently collect and process payments from their customers. In this process, customer payments are sent directly to a special post office box (lockbox), where the bank collects, processes, and deposits the payments into the business’s account. This service helps businesses speed up cash flow, reduce handling time, and improve accuracy in payment processing. Lockbox services are commonly used by companies that receive a high volume of check payments. They can also include electronic payment options and remittance document processing.

Are lock boxes a good idea?

Lockbox payment processing is a secure method used by financial professionals to automate the collection and deposit of payments, reducing manual handling and errors. It is especially useful for organizations handling high volumes of payments, as it streamlines cash flow and improves efficiency. Familiarity with banking procedures and secure data handling is important for professionals working in this area.

What is the difference between Lockbox Payment Processing vs Accounts Payable Clerk?

AspectLockbox Payment ProcessingAccounts Payable Clerk
Primary RoleManaging incoming payments received via lockbox servicesProcessing outgoing payments and managing vendor invoices
CredentialsFinancial or accounting certifications often preferredAccounting or finance certifications often preferred
Work EnvironmentBanking, finance departments, or outsourced payment servicesCorporate finance or accounting departments
Industry UsageFinancial institutions, corporations handling large volumes of paymentsBusinesses managing accounts payable processes

Lockbox Payment Processing focuses on receiving and depositing customer payments efficiently, while Accounts Payable Clerks handle vendor payments and invoice processing. Both roles require financial knowledge and often similar certifications, but they serve different functions within financial operations.

What is the best lock box to buy?

For lockbox payment processing roles, selecting a reliable lockbox service depends on factors like security features, integration capabilities, and industry reputation. Commonly used providers include banks and third-party vendors that offer secure, efficient processing solutions suitable for financial institutions and businesses. Evaluating service quality and compliance standards is essential when choosing a lockbox provider.

What is a lockbox?

A lockbox in payment processing is a service where customers send payments directly to a secure post office box managed by a bank or third-party provider. The bank then collects, processes, and deposits the payments into the company's account, streamlining cash flow and reducing processing time. Lockbox processing often involves data entry, check imaging, and reconciliation tasks performed by trained staff or specialized software.

What are some common challenges faced in a Lockbox Payment Processing role and how can they be managed?

A key challenge in Lockbox Payment Processing is maintaining high accuracy and speed when handling large volumes of payments and sensitive financial data. Errors can delay posting and affect customer satisfaction, so attention to detail is crucial. Adapting to evolving technology and security protocols is also important, as is effectively communicating with team members and other departments to resolve exceptions or discrepancies. Regular training and adherence to standardized procedures can help manage these challenges and ensure smooth workflow.

What are the key skills and qualifications needed to thrive in Lockbox Payment Processing, and why are they important?

To excel in Lockbox Payment Processing, you need strong attention to detail, accuracy in data entry, and familiarity with banking or financial operations, often supported by a high school diploma or equivalent. Experience with payment processing software, check scanning equipment, and financial management systems is typically required. Reliability, time management, and the ability to work well under pressure are valuable soft skills in this field. These competencies are crucial for ensuring accurate, timely processing of payments, reducing errors, and maintaining client trust in sensitive financial transactions.
Lockbox Payment Processing jobs near you
Infographic showing various Lockbox Payment Processing job openings in Iowa as of June 2026, with employment types broken down into 3% As Needed, 25% Full Time, 58% Part Time, 3% Temporary, 8% Contract, and 3% Nights. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution.

Associate - Accounting Operations

LHH US

Urbandale, IA • Hybrid

$25 - $28/hr

Contractor

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

Job Title: Accounting Operations (Staff Accountant I) LHH Recruitment Solutions is seeking an Accounting Operations professional (Staff Accountant I) to join our clients highly collaborative team in Urbandale. This role plays a critical function in cash application, reconciliation, and commission processing within a broker-dealer environment. The ideal candidate is detail-oriented, proactive, and eager to grow within financial services. You will partner with internal stakeholders across the organization, gaining valuable industry exposure while supporting core accounting operations. This is a contract-to-hire opportunity with strong long-term growth potential. Location: Urbandale, IA (Hybrid - onsite 6x/month: every Monday and every other Thursday) Duration: 6-Month Contract (Contract-to-Hire Opportunity) Schedule: Monday-Friday, 7:30 AM - 4:00 PM (30-minute lunch) Compensation: $25.00 - $28.00/hour (W2, non-exempt) Day-to-Day Responsibilities
  • Review and process lockbox payments and apply cash to appropriate policies or invoices
  • Identify payment application details, ensuring accuracy of amounts and effective dates
  • Investigate and resolve unapplied, unidentified, duplicate, or missing payments
  • Perform reconciliation of bank receipts to cash postings to ensure completeness and accuracy
  • Maintain and update internal databases (carriers, contacts, client details, policy/account numbers)
  • Apply fees and commission-related transactions in internal systems
  • Partner with internal teams (Supervisory Principals, Representatives, and other stakeholders) to research discrepancies and revenue reporting inquiries
  • Follow up on broker-of-record changes with providers
  • Collaborate cross-functionally to resolve reconciliation or system discrepancies
  • Assist with onboarding new business and acquisitions onto company platforms
  • Respond to audit requests, including FINRA, SEC, AML, and internal audits
Qualifications Required:
  • High School Diploma or equivalent
  • 1-2 years of accounting, finance, or related experience
  • Proficiency in Microsoft Excel
  • Strong written and verbal communication skills
  • High attention to detail and accuracy
  • Self-starter with the ability to work independently and prioritize workload
Preferred:
  • Bachelor's degree in Accounting, Finance, or related field
  • Experience in cash application, reconciliations, or financial operations
  • Exposure to broker-dealer or financial services environments
Additional Requirements & Details
  • Fingerprinting required (completed through Marsh; separate from background check)
  • Strong team fit: collaborative, motivated, and willing to take initiative
  • Excellent problem-solving skills with a proactive follow-up mindset
Pay Details: $25.00 to $28.00 per hour
Search managed by: Jason Timothy
Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.
Equal Opportunity Employer/Veterans/Disabled
Military connected talent encouraged to apply
To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy
The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
  • The California Fair Chance Act
  • Los Angeles City Fair Chance Ordinance
  • Los Angeles County Fair Chance Ordinance for Employers
  • San Francisco Fair Chance Ordinance
Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.