Payment Analyst

Job Description

Job Description

Position is located in Auburn Hills, Michigan and selected candidate must be able to work on-site at the Auburn Hills location 5 days a week. No relocation or remote work offered.

Job Summary

Support Portfolio Analysts and Account Executives by processing payments, entering invoices, balancing transactions while managing a small portfolio of AR only clients.

Primary Responsibilities

• Match ACH remittances with payments, scan images into factoring software and apply payments to invoices.
• Balance incoming payments to loan software daily
• Post all incoming lockbox checks to invoices.
• Support collateral analysts by entering invoices as needed.
• Identify red flags, assess risk, and recommend solutions to the appropriate individuals (Account Executives)
• Maintain outstanding customer service to clients, prospects, account debtors and all internal stakeholders.
• Maintain a small portfolio of AR only clients with a focus of preventing operational risk rating downgrades.
• Responsible for meeting monthly / quarterly verification and collection requirements.
• Monitor reporting requirements i.e., insurance certificates, payroll reports, bank statements, etc. and ensure documents are received in a timely manner and reviewed / verified accordingly.
• Research, reconcile and apply payments out of unapplied cash as needed.

Required Skills / Abilities :

Education and Experience

Supervisory Responsibilities :

n / a

Physical Requirements :

This job description is not designed to cover or contain a fully comprehensive listing of activities, duties or responsibilities that are required of the team member. Duties, responsibilities, and activities may change or be assigned at any time with or without notice.

This position will comply with all BSA compliance laws and regulations including the Bank’s BSA policy and procedures.

Additional Information

Department : OCF

Classification : Exempt

“Oxford Bank is an equal opportunity employer and is committed to providing equal employment opportunities and an environment free of discrimination and harassment. All employment decisions at Oxford Bank are made without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, veteran or disability status.”