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Lockbox Processor Jobs in Elgin, IL (NOW HIRING)

BMO Capital Markets

Specialist-ACH

Naperville, IL · Remote

$41.71K - $69K/yr

Deposit and Payments operations includes (but are not limited to) specialized operations processes and activities related to cheque and electronic transaction processing, lockbox and remote deposit ...

New

The Jel Sert Company

Sr. AP Analyst

West Chicago, IL

$68.58K/yr

Process annual 1099's. * Assist with month end reconciliation. * Provide assistance to outside auditors at year end. * Check AP/AR mailboxes. Scan documents in mailboxes. * Mail AR checks to lockbox.

The Jel Sert Company

Sr. AP Analyst

West Chicago, IL · On-site

$68.58K/yr

Process annual 1099's. * Assist with month end reconciliation. * Provide assistance to outside auditors at year end. * Check AP/AR mailboxes. Scan documents in mailboxes. * Mail AR checks to lockbox.

Truist

AFCO Payment Specialist I

Lake Forest, IL · On-site

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

Truist

AFCO Payment Specialist I

Lake Forest, IL

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

Truist

AFCO Payment Specialist I

Lake Forest, IL · On-site

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

Truist

AFCO Payment Specialist I

Lake Forest, IL · On-site

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

Truist

AFCO Payment Specialist I

Lake Forest, IL

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

Truist

AFCO Payment Specialist I

Lake Forest, IL

$45.76K - $72.38K/yr

... processing of account receivables of all types of payments, payment variances, resolve payment ... from the lockbox and online payment facility. 2. Reconcile unidentified payments by contacting ...

PNC Bank

Product Manager II

Chicago, IL

... lockbox, electronic receivables, and cash application capabilities. This role is ideal for a ... Participates in customer focused quality assessments and improvement processes. Leverages knowledge ...

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How much do lockbox processor jobs pay per hour?

As of May 31, 2026, the average hourly pay for lockbox processor in Elgin, IL is $17.73, according to ZipRecruiter salary data. Most workers in this role earn between $16.63 and $19.23 per hour, depending on experience, location, and employer.

What is a Lockbox Processor job?

A Lockbox Processor is responsible for handling and processing payments received through a company's lockbox system. They open, sort, and scan incoming checks and documents, ensuring accurate data entry and deposit processing. The role requires attention to detail, efficiency in handling financial transactions, and familiarity with banking or payment processing systems. Lockbox Processors play a key role in maintaining cash flow by ensuring timely deposits and accurate record-keeping for businesses and financial institutions.

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

To thrive as a Lockbox Processor, you need strong attention to detail, accuracy in data entry, and basic numerical skills, often supported by a high school diploma or equivalent. Familiarity with lockbox processing software, document scanners, and sometimes bank-specific systems is typically required. Outstanding organizational skills, reliability, and the ability to work efficiently under deadlines are valuable soft skills in this position. These abilities are crucial for minimizing errors and ensuring the secure, timely processing of payments and transactions.

What does a typical day look like for a Lockbox Processor?

As a Lockbox Processor, your day generally involves opening and sorting incoming mail, extracting payments and documents, and carefully entering data into specialized bank systems. You'll often work in a secure, team-oriented environment where attention to detail and speed are equally important, as processing errors or delays can impact clients and bank operations. Collaboration with fellow processors, supervisors, and occasionally customer service teams is common to resolve exceptions or reconcile accounts. The workflow is typically structured with set deadlines, and while the role can be repetitive, it offers a clear sense of accomplishment and the opportunity to develop further skills in banking operations.
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SVP Deputy Director of Bank Operations

SVP Deputy Director of Bank Operations

Old Second National Bank

Aurora, IL • On-site

Full-time

Posted 16 days ago

Job description

Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
The Deputy Director of Operations provides strategic, operational, and people leadership across multiple core banking operational units including atm and cards services, deposit operations, electronic payments, and treasury management support operations. This role acts as a second-in-command to the Head of Operations, ensuring efficient, compliant, and customer-centric execution of daily activities while driving long-term operational excellence. The Deputy Director leads large cross-functional teams, strengthens internal controls, supports enterprise initiatives, and ensures consistent alignment with regulatory expectations and the bank's strategic direction.
Essential Job Functions
Strategic Leadership & Operational Oversight
  • Drives oversight and execution of operational conversions, ensuring full readiness for system conversion, validating seamless integration into operations for both data and process conversion.
  • Serves as the senior leader for various operational units.
  • Translates the bank's strategic plan into actionable priorities within each operational area.
  • Monitors performance, KPIs, SLAs, and risk indicators across all reporting units.
  • Leads operational readiness for system enhancements, regulatory changes, and acquisition/conversion activities.
  • Identifies opportunities to streamline processes, reduce risk, and improve efficiency.
  • Appointed as sponsor of key operational projects
Internal Controls, Risk Management & Regulatory Compliance
  • Ensures operational processes comply with banking regulations
  • Oversees adherence to documentation standards, payment processing rules, and customer communication requirements.
  • Partners with Compliance to assess regulatory impacts to Operations and oversee and approve the required policy or procedural updates.
  • Maintains deep knowledgebase of payment operations, payment rails, and knowledge of connection points between payment platforms and core systems (SFTP, API, Batch, real-time)
  • Maintains working knowledge of NACHA operating rules, fraud controls for online banking, ACH, wire initiation and dual control.
  • Possesses a clear understanding of RDC and Mobile RDC, lockbox, treasury onboarding, Reg E., Reg CC, Reg D, UDAPP, escheatment laws, and debit card disputes.
  • Familiar with downstream customer effects of payment delays, rejects, or failures.
  • Conducts root-cause analysis for customer impacting payment incidents.
  • Maintains a robust control environment to support successful regulatory exams, internal audits, and external reviews.
  • Ensures training, guidance, and ongoing compliance expectations are firmly imbedded in daily operational workflows.
  • Oversees the timely closure and remediation of findings, gaps, and audit items.
  • Ensures adherence to segregation-of-duties and documentation standards.

People Leadership, Coaching & Culture
  • Leads, develops, and mentors managers across all reporting divisions.
  • Invests in developing bench strength and succession planning.
  • Builds high-performing teams through coaching, succession planning, and capability development.
  • Creates a culture of accountability and continuous improvement.
  • Supports talent acquisition, onboarding, and training strategies.
  • Drives team engagement and communication routines.

Operational Efficiency, Process Improvement & Technology Integration
  • Sponsor of automation and workflow redesign initiatives.
  • Partners with IT for enhancements across core systems and platforms.
  • Ensures system usage aligns with design and control expectations.

Minimum Requirements
Bachelor's degree in related area of study or 10 or more years in Banking Operations leadership experience. Operations bank conversion experience a must.
Competencies
  • Communicates clearly, concisely, and persuasively with senior leadership, operational leaders, committee members, and front-line staff.
  • Leads with balanced presence - calm, steady, and approachable while maintaining firm expectations and accountability.
  • Ability to simplify complexity and convey impact in a way that facilities decision-making.
  • Maintains strong understanding of internal control frameworks and regulatory compliance requirements.
  • Professional verbal and written communication skills with discretion and understanding of confidentiality.
  • Strong analytical skills to interpret and apply policies and regulations across complex business environments; detail-oriented.
  • Builds trusted strategic relationships and networks with internal and external stakeholders.
  • Works effectively in a fast-paced, dynamic environment and shift priorities quickly.
  • Strong follow-through, independent judgment and sound decision-making abilities.
  • Manages multiple projectsin a fast-paced environment.
  • Proficiency with a PC including Microsoft Office.
  • Strong interpersonal skills and collaborative approach.
  • Bank conversion experience a must.

Preferred, but not required
  • Jack Henry system experience.

Compensation & Benefits
Base pay: $150,000 - $195,000
Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.
Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 20% of base salary based various performance components.
Benefits: How We Support You - Old Second
Thanks for considering Old Second!

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