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Payment Clearing Specialist - Contract 1099
Payment Clearing Specialist - Contract 1099Preferred Mortgage Services • Henderson, NV, US
Payment Clearing Specialist - Contract 1099

Payment Clearing Specialist - Contract 1099

Preferred Mortgage Services • Henderson, NV, US
15 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

Salary : $45-$60 per hour DOE

Please note : This is 3-6 Month 1099 Contract position. For consideration, candidates must have ICE MSP experience.

About PMSI

We are a highly respected tech-enabled services provider at the intersection of financial services and advanced technology. At our core, we build expert systems and deliver full-service investor reporting and investor accounting solutions to the mortgage servicing industry. Our reputation for excellence is grounded in deep domain expertise, technology-driven innovation, and trusted client relationships.

About the Position

The Payment Clearing Specialist is responsible for reconciling payment and disbursement clearing accounts and partnering with the Business Analyst team to support the completion of the PCA and DCA modules. This role requires a deep understanding of payment operations, including payoffs, reversals, return item adjustments, lockbox rejects, default payment processing, and ACH / biweekly setup and maintenance.

Strong analytical, reconciliation, and organizational skills are essential to ensure the accuracy of servicing systems accounts.

Responsibilities

  • Timely and accurate reconciliation of the payment and disbursement clearing accounts.
  • Validate all cash and system offsets related to the payment and disbursement clearing DDA accounts.
  • Create, maintain, and distribute the daily payment and disbursement clearing reconciliation report.
  • Research and resolve unidentified or outstanding cash items, escalating issues as needed.
  • Communicate research findings, resolution status, and clearance details to management and clients.
  • Develop and maintain policies and procedures to ensure compliance with investor, agency, and regulatory requirements.
  • Ensure all written procedures are current and accurately reflect operational processes.
  • Support internal and external audit requests and compliance reviews as required.
  • Collaborate with internal departments to support payment and reconciliation processes.
  • Support the Business Analyst team to complete the PCA and DCA modules.
  • Work with our clients to clear exceptions.
  • Perform other related duties and projects as assigned.

Job Skill Requirements

  • Strong analytical and problem-solving abilities with high attention to detail.
  • Effective verbal and written communication skills.
  • Proficiency with Microsoft Windows applications (Excel, Word, Outlook).
  • Ability to work independently and manage multiple priorities in a fast-paced environment.
  • Excellent mathematical aptitude and accuracy in data entry.
  • Strong organizational and time management skills.
  • Knowledge of mortgage servicing systems and cash applications processes.
  • Experience with ICE MSP is required.

    • Education and Experience

  • Bachelors degree in Accounting, Finance, Mathematics, Economics, or related field or equivalent education and related training.
  • 35 years of experience in mortgage servicing.
  • 5+ years of experience in a cash management, accounting, or payment-related role.
  • Experience working in a regulated financial services or investor accounting environment.
  • Prior experience developing or maintaining reconciliation and cash management procedures.
  • Familiarity with lockbox operations and ACH payment processing.
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    Payment Specialist • Henderson, NV, US