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Payment Processing Specialist

Lake City Servicing
Coeur d'Alene, ID Full Time
POSTED ON 12/18/2024 CLOSED ON 4/16/2025

What are the responsibilities and job description for the Payment Processing Specialist position at Lake City Servicing?

The payment processing role at Lake City Servicing is for all you detail oriented mathematicians out there. This is a critical role - our payment processors are the heartbeat of what we do! This role also has close interaction with our Accounting Team and Fund Managers. This is an ideal role for an accountant type professional that is interested in real estate finance.


Responsibilities

Process daily lending related payments, disbursements to our lenders/payors, prepare payoff statements/lien releases, assist with escrow disbursements, daily bank reconciliations, and incoming/outgoing wires. This position is part of the Servicing team, but works closely with our accounting, investor relations, origination, and fund management teams. There is also opportunity for database and reporting projects for applicants with those skillsets.


Qualifications

Preference is for applicants with an associate or bachelor's degree in account, business, or finance, but applicants with comparable work experience are encouraged to apply. The tasks performed in this role require strong math aptitude, proficiency with excel, and ability to navigate multiple computer systems and applications. Excellent organizational skills and attention to detail are a must in our fast paced work environment (particularly at month end - but OT is rarely, if ever, required). Direct client interaction and customer service is not a major component of the position, but applicants need the ability to interact with clients via email and on the phone (E.g. borrowers/payees, lenders/payors, vendors, title companies).


Compensation

DOE starting at $24 an hour and up for well qualified applicants. Full benefits eligible at 90 days including health insurance, 401(k) (w/ match up to 10%), dental, vision, employer paid life insurance, optional monthly book reports (up to $1,440 annually), premium financing benefits through Cogo Capital, and free access to 100% of the world renowned real estate investing education offered by the Lee Arnold System of Real Estate Investing.*

*This is a general overview of our benefits. Benefits, including specific eligibility requirements, are described in written plan documents which are provided in the event of a written offer letter for at-will employment. All Cogo Capital underwriting criteria applies and this is not a commitment to lend.

Salary : $1,440

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