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Lockbox Payment Processing Jobs in Maryland (NOW HIRING)

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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.

What are the key skills and qualifications needed to thrive in lockbox payment processing?

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.

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 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.

Lockbox Payment Processing jobs near you
Infographic showing various Lockbox Payment Processing job openings in Maryland as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Insurance Payment Processor/Poster Position Control Number PP1-22-920-01

U M FDSP Associates PA

Baltimore, MD • On-site

$15 - $18/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Key responsibilities

  • Post and manage account payments, including insurance and patient payments.

  • Review, verify, and reconcile transaction data, including preparing deposits and refund requests.

  • Sort, distribute, and process incoming insurance documentation requests and correspondence.

Job description

SUMMARY:
U.M. FDSP Associates is a non-profitaffiliate of the University of Maryland School of Dentistry. U.M. FDSPAssociates is the organization that provides patient care focusedstaffing for the clinic operations so that faculty and studentsmay provide patient care to the general public.
We offer a comprehensive benefits package to support work-life balanceand employee well-being. Our benefits include:
  • Time Off: Generous paid vacation, sick leave, and personal days, plus 17 paid Federal holidays. Enjoy Thanksgiving Day and the Friday after Thanksgiving off, as well as a full winter break from Christmas Day through New Year's Day.
  • Health Coverage: Medical, dental, and vision insurance, along with short-term and long-term disability, and life insurance options.
  • Retirement: 401(k) with a competitive employer match of up to 6%.
  • Work Schedule: Normal operations hours are Monday through Friday.

We prioritize flexibility, health, and financial security, creating anenvironment where employees can thrive both professionally and personally.
Under general supervision, performs accounting clerical orbookkeeping tasks to support accounts payable/receivable, and/or otheraccounting related functions. Postsjournal entries, processes payments or deposits, and verifies accuracy of data.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Responsible for collecting, posting, and managing accountpayments. Ensures claim information is complete and accurate including but notlimited to:
  1. Posting of all received payments from insurance companies and patients.

  1. Inputs data; records and verifies details of transactions in logs, journals, ledgers, and automated systems

  1. Updating daily check database as to checks assigned

  1. Review, sort and distribute incoming insurance documentation requests to appropriate business and/or insurance clinic staff.

  1. Preparing daily deposits of check copies (received from lockbox and as per check database assignments) as appropriate including: completed Daily Deposit Summary and Bank Deposit Report from AxiUm.

  1. Reviewing patient accounts, being alert for errors or inconsistencies; checking for accuracy and discrepancies; preparing refund requests; rebilling to secondary insurance with appropriate attachments.

  1. Proven ability to work in a team environment where everyone does everything daily including opening, distributing incoming mail, preparing outgoing mail and copying chart records.

Note: The intent ofthis list of primary duties is to provide a representative summary of the majorduties and responsibilities of this job. Incumbents perform other related duties assigned. Specific duties and responsibilities may varybased upon departmental needs.
EDUCATION and/or EXPERIENCE:
High school diploma or general education degree (GED)
Salary is commensurate with experience
This job description is designed to give an outline ofwhat job duties are expected of this position. As an outline it does not fully describe or limit the extent of theposition's duties. UM FDSP AssociatesP.A. and its supervisors may amend the job description as it deems necessary,without advance notice. The jobdescription is not intended to create an employment contract and should not beconstrued as such.

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