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Transaction Processing Associate Jobs in Irvington, NJ

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Transaction Processing Associate information

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$12

$19

$31

How much do transaction processing associate jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for transaction processing associate in Irvington, NJ is $19.89, according to ZipRecruiter salary data. Most workers in this role earn between $16.68 and $20.58 per hour, depending on experience, location, and employer.

What is a transaction processing associate?

Transaction Processing Associates are professionals responsible for handling, reviewing, and processing financial or business transactions within an organization. They ensure that transactions are accurately entered, verified, and completed according to company policies and regulatory requirements. Their duties often include data entry, reconciling accounts, addressing discrepancies, and maintaining records. These associates play a key role in supporting finance, operations, or customer service teams, helping ensure smooth and efficient business operations.

What are the key skills and qualifications needed to thrive as a transaction processing associate, and why are they important?

To excel as a Transaction Processing Associate, you need strong analytical skills, attention to detail, and a basic understanding of financial transactions, often supported by a high school diploma or equivalent. Familiarity with transaction processing systems, databases, and spreadsheet software like Microsoft Excel is typically required. Effective communication, time management, and problem-solving abilities help you manage high volumes of data and collaborate with team members. These skills ensure accuracy and efficiency in processing transactions, which is crucial for maintaining financial integrity and customer satisfaction.

What are some common challenges faced by transaction processing associates, and how can they be managed effectively?

Transaction Processing Associates often encounter challenges such as handling high transaction volumes, meeting strict deadlines, and ensuring accuracy in data entry. To manage these effectively, it's important to develop strong organizational skills, maintain attention to detail, and utilize digital tools for tracking tasks. Collaborating closely with team members and supervisors can also help in resolving discrepancies quickly and ensuring that service level agreements are consistently met.

What is the difference between Transaction Processing Associate vs Customer Service Representative?

AspectTransaction Processing AssociateCustomer Service Representative
Required CredentialsHigh school diploma or equivalent; some roles may require financial or data entry certificationsHigh school diploma or equivalent; customer service experience preferred
Work EnvironmentBanking, finance, or corporate offices; focus on data entry and transaction accuracyCall centers, retail, or service centers; focus on customer interaction
Employer & Industry UsageFinancial institutions, banks, and corporate finance departmentsRetail, telecommunications, and service industries
Common Search & Comparison IntentUnderstanding job duties, requirements, and career pathCustomer interaction skills and job responsibilities

The main difference is that Transaction Processing Associates focus on handling financial transactions, data entry, and accuracy within financial or corporate settings. Customer Service Representatives primarily engage with customers, providing support and resolving issues. Both roles require strong communication skills, but their work environments and daily tasks differ significantly.

What job categories do people searching Transaction Processing Associate jobs in Irvington, NJ look for?

The top searched job categories for Transaction Processing Associate jobs in Irvington, NJ are:

What cities near Irvington, NJ are hiring for Transaction Processing Associate jobs?

Cities near Irvington, NJ with the most Transaction Processing Associate job openings:

Transaction Processing Associate jobs near you
Infographic showing various Transaction Processing Associate job openings in Irvington, NJ as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 25% Part Time, 1% Temporary, and 3% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $41,380 per year, or $19.9 per hour.

Operation Service Department- Syndication Loan Processing Associate

Bank of China Limited, New York Branch

Manhattan, NY

$42K - $90K/yr

Full-time

Re-posted 11 days ago

Job description

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.


The Syndication Loan Process Associate is to ensure the timely and accurate operation and administration process of syndicated loan and standby letter of credit transactions originated by the Front Business Line, review and process loan transaction requests and conditions effectiveness against current credit terms are performed and align with the Bank’s procedures, policy guidelines, standards, and regulatory requirements.


Syndication Loan Transaction/Administration (85%)

  • Review and verify loan requests are current to credit conditions, approval from Front Business Line of conditions effectiveness to advances.
  • Process loan booking, Loan amendment, and closing fees in the core banking system or CMS.
  • Prepare SWIFT messages on foreign currency transactions.
  • Prepare funding with Treasury.  
  • Process the collection of associated closing fees.
  • Reconcile monthly fee amortization.
  • Reconcile on-going cyclic commitment and facility fees.
  • Reconcile participation standby letters of credit balances and cyclic fees.
  • Daily monitor, review and control of loan due date transactions.
  • Daily monitor and follow up status on past due payments.
  • Create and maintain loan files.
  • Review Secondary Trade documents.
  • Review end of day reconciliation to ensure all related transactions are processed.
  • Process balance confirmations per request.
  • Maintain and update the contact list of Syndication deals.
  • Report any outstanding issues to superior for resolution

Risk Management/Compliance/Internal Audit (15%)

  • Understand and comply with the Bank’s procedures, policies, standards, and regulatory requirements.
  • Assist to update procedure to reflect current workflow processes and gaps on control processes.
  • Alert of any suspicious items and report to BSA Officer of the Front Business Line.
  • Respond timely to Internal/External auditors’ requests.
  • Assist to remediate any audit issue findings

  • Bachelor's degree required

  • Understanding of Secondary Trades, reconciliation of payments and basic accounting principles required

  • Experience in financing and banking is highly preferred

USD $42,000.00 - USD $90,000.00 /Yr.

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