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Remittance Processing Associate Jobs in Iowa (NOW HIRING)

Remittance Processing Associate information

What are the key skills and qualifications needed to thrive as a Remittance Processing Associate, and why are they important?

To thrive as a Remittance Processing Associate, you need strong attention to detail, numerical accuracy, and a high school diploma or equivalent. Familiarity with remittance processing software, data entry systems, and basic office equipment is typically required. Excellent organizational skills, reliability, and the ability to work well under deadlines are valuable soft skills for this role. These abilities ensure error-free processing of payments, compliance with financial regulations, and efficient workflow in high-volume environments.

What are some common challenges faced by Remittance Processing Associates, and how can they be effectively managed?

Remittance Processing Associates often handle high volumes of payments and sensitive financial information, which can lead to challenges such as meeting strict deadlines, maintaining accuracy under pressure, and quickly resolving discrepancies. To manage these challenges effectively, associates should develop strong attention to detail, utilize organizational tools, and communicate proactively with team members and supervisors. Most organizations also provide ongoing training and support, helping associates stay updated on the latest regulations and process improvements.

What is a Remittance Processing Associate?

A Remittance Processing Associate is responsible for handling incoming payments, typically on behalf of a company or financial institution. They process checks, electronic payments, and other forms of remittance, ensuring that payments are accurately recorded and deposited. Their duties often include data entry, verifying payment information, resolving discrepancies, and maintaining financial records. Attention to detail and strong organizational skills are essential for success in this role.

What is the job description of a remittance?

A Remittance Processing Associate is responsible for handling and verifying incoming and outgoing payment transactions, ensuring accuracy and compliance with banking or financial institution standards. They often use specialized software and may need to follow strict security protocols to process payments efficiently. Attention to detail and knowledge of financial procedures are essential for this role.

What is the difference between Remittance Processing Associate vs Payment Processing Clerk?

AspectRemittance Processing AssociatePayment Processing Clerk
Required CredentialsHigh school diploma, basic financial knowledgeHigh school diploma, familiarity with financial transactions
Work EnvironmentBank or financial institution, office settingBank, accounting department, or financial services
Employer & Industry UsageFinancial institutions, payment companiesBanking, accounting firms, financial services
Common Search & ComparisonOften compared for processing and reconciliation tasksRelated to handling payments and transactions

The Remittance Processing Associate and Payment Processing Clerk roles both involve handling financial transactions within banking or financial institutions. While they share similar credentials and work environments, the associate typically focuses on processing remittance payments, verifying data, and reconciling accounts, whereas the clerk may handle broader payment processing tasks. Understanding these differences helps job seekers identify the right role based on their skills and career goals.

What are popular job titles related to Remittance Processing Associate jobs in Iowa? For Remittance Processing Associate jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Remittance Processing Associate jobs in Iowa look for? The top searched job categories for Remittance Processing Associate jobs in Iowa are:
Accounts Receivable Imbalances (ARI) Coordinator

Accounts Receivable Imbalances (ARI) Coordinator

Arconic

Bettendorf, IA • On-site

$18 - $23/hr

Full-time

Posted yesterday


Arconic rating

7.9

Company rating: 7.9 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

144th of 511 rated manufacturers


Job description

Job Description
Job Summary:
Under the direction of the Pricing and ARI Supervisor, this position is accountable to provide direct customer service to facilitate the coordination, follow-up, timely resolution and closing of ARIs which are assigned for commercial customers. The ARI Coordinator will be responsible for reporting metrics for the work group. The key role is to manage day-to-day account activities and to act as ARI Coordinator between the business and its customers. The ARI Coordinator position reviews receivables, claims, debits, credits and unapplied cash for domestic and export customers in a manner that ensures optimum cash flow. The ARI Coordinator will work on process improvements and problem solving to avoid reoccurrences and enable ARIs to be closed within 60 days. This role includes coordination with all business unit locations to create a standardized approach to ARI management.
Responsibilities
In this role, you will:
Responsibilities:
- Obtain an in-depth understanding of each customer's accounts payable and receivable processes to understand the needs of each customer. Incumbent must also obtain a basic knowledge of pricing, Transportation and Quality practices and use this information in a collaborative effort with the Commercial Team, Credit, Quality and Accounting to provide prompt responses, resolution of ARIs and meeting departmental goals.
- Provide timely, effective resolution to customer account discrepancies.
- Review customer check remittance data to determine whether the ARI is related to a pricing or a material issue.
- Prepare accurate credits/debits for customer account discrepancies and forward all related documentation to the responsible party for timely resolution.
- Develop process improvements to enable closure of new ARIs to established BU targets and provide solutions for the reduction of new ARIs.
Key Objectives:
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Disciplined Execution - Job requires holding the team accountable through daily execution to the plan. When required, he/she will need to be able to dive into details to ensure operational success.
- Data base user interface and query software - Customer service knowledge generation software.
- Negotiation - Bringing others together and trying to reconcile differences.
- Service Orientation - Actively looking for ways to help people.
- Written and Verbal Expression - The ability to communicate information and ideas verbally and in writing so others will understand.
- Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Integrity - Job requires being honest and ethical.
- Stress Tolerance - Job requires dealing calmly and effectively with high stress situations.
- Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Time Management - Managing one's own time and the time of others effectively.
- Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong.
Qualifications
You have: (required)
Basic Qualifications
  • Associate degree from an accredited institution.
  • Employees must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.
  • This position requires access to controlled technology, as defined in the Export Administration Regulations (15 C.F.R. §730, et seq.) and/or the International Traffic in Arms Regulations (ITAR). Authorizations from the relevant government agency may be required to meet export control compliance requirements.

Exceptional Candidates also have: (preferred)
Preferred Qualifications
  • Associate degree in accounting or finance from an accredited institution.
  • Minimum of 1-year experience in Accounting, Finance, or Credit role.

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