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Transaction Specialist Jobs (NOW HIRING)

Busey

Commercial Loan Transaction Specialist

Tomahawk, WI · On-site

$26 - $30/hr

Position Summary The Commercial Loan Transaction Specialist is responsible for customer inquiries, associate inquiries, loan disbursements, and general correction activities for all Commercial lines ...

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Transaction Specialist information

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$12

$19

$31

How much do transaction specialist jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for transaction specialist in the United States is $19.50, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $20.19 per hour, depending on experience, location, and employer.

What is a transaction specialist?

Transaction Specialists are professionals who manage and process financial transactions for organizations or clients. Their responsibilities often include verifying transaction details, ensuring compliance with regulatory standards, maintaining accurate records, and resolving discrepancies. They may work in industries such as banking, real estate, or corporate finance. Strong attention to detail, organizational skills, and knowledge of financial systems are essential for this role. Transaction Specialists help ensure that all transactions are processed efficiently and securely.

What are the typical daily responsibilities of a transaction specialist, and how do they interact with other departments?

Transaction Specialists are primarily responsible for processing and reviewing financial transactions to ensure accuracy and compliance with company policies. Their daily tasks often include data entry, reconciling accounts, verifying documentation, and resolving discrepancies. They frequently collaborate with departments such as accounting, sales, and customer service to gather information and resolve transaction-related issues. Effective communication and attention to detail are essential in this fast-paced role, as specialists often handle multiple transactions simultaneously and must meet strict deadlines.

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

To thrive as a Transaction Specialist, you need strong attention to detail, analytical abilities, and a solid understanding of financial processes, often supported by a degree in finance or business administration. Familiarity with transaction processing systems, spreadsheets (e.g., Microsoft Excel), and financial management software is typically required. Exceptional organizational skills, effective communication, and the ability to manage time efficiently help set top performers apart in this role. These competencies ensure accuracy, efficiency, and compliance in processing transactions, which are critical to minimizing errors and maintaining client trust.

What is the difference between Transaction Specialist vs Loan Processor?

AspectTransaction SpecialistLoan Processor
Required CredentialsTypically high school diploma or equivalent; some roles may prefer certifications in finance or bankingHigh school diploma; often requires mortgage or banking certifications
Work EnvironmentFinancial institutions, banks, or corporate finance departmentsMortgage companies, banks, or lending institutions
Employer & Industry UsageUsed across banking, finance, and real estate sectorsPrimarily in mortgage and lending industries
Common Search & Comparison IntentUnderstanding role differences, job requirements, career pathsClarifying responsibilities, qualifications, and industry focus

While both roles involve handling financial transactions, a Transaction Specialist typically manages a variety of financial operations across different sectors, whereas a Loan Processor specifically focuses on preparing and verifying mortgage loan applications. The roles share similar credentials and work environments, but their industry focus and daily tasks differ.

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Transaction Specialist jobs near you
Infographic showing various Transaction Specialist job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, and 2% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $40,568 per year, or $19.5 per hour.

Image Transaction Specialist

Western & Southern Financial Group

Fremont, MI • On-site

$15.75 - $19.50/hr

Full-time

Re-posted 11 days ago

Western & Southern Financial Group rating

8.9

Company rating: 8.9 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

46th of 311 rated insurance

Job description

Overview
Scans and indexes paper documents into the imaging system to trigger workflows for further electronic processing throughout the organization. Prioritizes imaging functions to fulfill requests in a timely and quality manner. All documents are to be handled in accordance with departmental standards including established time service and quality standards. Applies the correct indexing schema to each document to ensure appropriate downstream processes trigger if applicable.
Responsibilities
What you will do:
  • Distinguishes between and correctly identifies incoming correspondence for all business units and all departments. Requires mastery over unique document types and the associated workflow processes for identifying and distributing incoming correspondence. Includes mastery of related imaging software packages.
  • Sorts and prioritizes incoming mail, checks and faxes into multiple departments. Prepares documents for scanning.
  • Scans incoming mail, checks and documents received from business units. Prioritizes incoming work for same-day processing in accordance with guidelines.
  • Processes requests for archived images (fiche/film) until all archived records are imaged and/or purged based on record retention requirements.
  • Reviews return mail (general) and makes updates to system records when applicable.
  • Indexes scanned documents to the correct policy file and distributes to designated workflow folder for additional electronic processing.
  • Ensures that images are of highest imaged quality. In cases where images are not clear, the processor will delete the image(s) and rescan.
  • Provides excellent customer service to internal customers. Includes answering questions related to imaged documents, rescanning or reindexing the image.
  • Maintains or exceeds production and quality targets.
  • Assists in completing audits for Quality Review as necessary.
  • Fosters teamwork by assisting team members in meeting designated timeframe for all documents received.
  • Develops and presents structured job-specific training as management directs. Includes both on-the-job training as well as the creation and periodic updating of departmental training manuals and other training materials.
  • Performs duties related to the administration of Company retention policy, including daily filing duties as well as periodic purging of documents for destruction. This may include sorting work batches into boxes.
  • Upholds the highest level of integrity regarding compliance with all Company ethics, privacy policies and industry regulations.
  • Assists with preparation of indexed batches/boxes for onsite storage. May require the ability to occasionally lift and move boxes.
  • Performs other duties as assigned.
  • Complies with all policies and standards.

Qualifications
  • High School Diploma - Required
  • Some college work - Preferred
  • Proven experience working independently while handling high volumes, multiple duties and completing assigned tasks accurately and on a timely basis in a fast-paced environment. Requires the ability to continuously make repetitive motions of the wrists, hands and/or fingers. - Required
  • Proven experience with meeting multiple deadlines. - Required
  • Demonstrated experience working effectively within a team. - Required
  • Proven experience handling and effectively resolving customer problems. Must cite examples where independent decision-making and initiative were demonstrated. - Required
  • Demonstrated strong attention to detail with excellent organizational skills. -
  • Proven flexibility when faced with changes; must provide examples of grasping and initiating new concepts. -
  • Provide examples of consistently meeting and/or exceeding productivity and quality goals. -
  • Proven excellent verbal and written communication skills with the ability to convey information to internal and external customers in a clear, focused and concise manner while following proper rules of punctuation, grammar, diction and style. -
  • Working knowledge of word processing, spreadsheet and e-mail applications required. -
  • Previous experience with a professional imaging software package preferred. -
  • LOMA, CLU, or other industry designations considered a plus. Upon Hire - Preferred
Work Setting/Position Demands:
  • Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
  • Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
  • Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
  • Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
  • Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
  • Performs substantial movement of wrists, hands, and fingers for continuous computer work.
  • Extended hours required during peak workloads or special projects/events.
Travel Requirements:
  • None

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