Accounting Clerk

Job Description

Job Description

We are seeking a meticulous and organized Payment Processing Specialist for a full-time opportunity. This role involves posting and reconciling payments, preparing financial reports, and ensuring accuracy in all payment processing tasks. The ideal candidate will have strong Excel skills and attention to detail, along with a background in finance or accounting.

Key Responsibilities :

Payment Management :

Post payments and balance payment batches to control amounts.

Deposit checks and assist in resolving issues, including postdated checks, closed accounts, and payments tied to unidentifiable accounts.

Ensure bank deposits are accurate and initiate fund transfers to designated accounts.

Balance end-of-day reports and post transactions into internal systems.

Reporting and Documentation :

Compile daily collection reports and distribute them to appropriate stakeholders.

Prepare remittance schedules and statements for clients with supporting documentation.

Manage accounts receivable entries by importing fees into accounting software.

Issue Resolutions and Payment Processing :

Issue checks for client bank deposits, account refunds, and commissions.

Verify fund availability and remit payments via checks, wire transfers, or ACH as needed.

Resolve issues with scanned remittance documents to ensure accuracy and completeness.

Process Improvements and Training :

Recommend workflow enhancements to streamline payment processing and improve team productivity.

Assist in training new team members in payment processing functions and best practices.

Compliance and Security :

Adhere to applicable company policies regarding data security, privacy, and compliance with financial regulations.

General Duties :

Perform other tasks as assigned to ensure smooth operations within the payment processing team.Accounts Payable (AP), Accounts Receivable (AR), Data Entry, Invoice Processing, Microsoft Excel, Excel Formulas, Collections, Manual Checks