Payment Processor
Sallie Mae - Arcade, NY

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The Payment Processor position is responsible for generating, processing and recording debtor payments accurately in a timely and efficient manner.

Payment Processing *
  • Posting payments received in the mail and direct payments received by client into the CRS collection software. *
  • Verification of funds availability based on dollar amounts *
  • Identify debtor account status and code payment appropriately
Mail Processing *
  • Open and distribute debtor payments and correspondence accordingly *
  • Identify and return via postal service, debtor payments that are no longer placed at Pioneer Credit Recovery, Inc. *
  • Generate letter to Massachusetts debtor and return any post dated payments back to the debtor
Batch Reconciliation *
  • Reconciling and balancing cash journals to bank deposits *
  • Generate client checks, review for accuracy and balance to check register *
  • Daily scan for post dated checks in collection software to generate "H" letters for posted dated checks entered beyond 10 days *
  • Maintain daily log of returned checks and supplying copies of the check to the Collection Managers, Directors, and Accounting Department
Daily Banking *
  • Ensure each debtor and client check are endorsed with the appropriate endorsements *
  • Deliver deposits to the financial institution when needed

  • 6 months experience in a Clerical/Administrative environment or equivalent. *
  • Knowledge of computers and Excel spreadsheets. *
  • Must have strong numeric data entry and math skills.
  • Customer Service skills. *
  • Good verbal and written communication skills.
  • Must have the ability to work in a fast paced environment *
  • Must be team oriented in accomplishing department goals. *
  • Must have organizational and time management skills to meet multiple deadlines. *
  • Must be detail oriented.

Sallie Mae is a federal government contractor. Should this position support a government contract, now or in the future, the successful candidate will be subject to a background check conducted by the U.S. Government to determine eligibility and suitability for federal contract employment for public trust or sensitive positions.

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About this company
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Sallie Mae, founded 28 years ago, provides funds for educational loans, primarily federally guaranteed student loans originated under the...