Payment Processor

Arbor Realty Trust-posted 11 months ago

$55,000 - $65,000/Yr

Full-time • Entry Level

Tonawanda, NY

501-1,000 employees

Funds, Trusts, and Other Financial Vehicles

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The Payment Processor is responsible for the accurate and timely identification and posting of daily incoming cash and other financial transactions on Arbor's commercial loan portfolio. This role involves posting new loan fundings, payments, IRDs, assumptions, payoffs, reversals, and processing disbursements from reserve and holdback funds. Additionally, the Payment Processor will manage disbursements for loans that are paid in full and manage draw disbursements. The successful candidate will be detail-oriented, efficient, and able to work on other projects and tasks as needed.

Interface with internal and external systems to obtain reports for monitoring and reconciliation purposes throughout the day
Disburse check and wire requests from Portfolio Management, Risk Management, and Special Products
Review and correction of partial payments
Post New Loan Fundings and Assumptions per the funding advice
Post Loan Payoffs and Curtailments
Post funds from manual ACH drafts, funds received into Receipts Clearing, and funds received for IRDs
Process funds transfers upon request and other requests received via Task
Prepare daily check deposit
Process reversals for returned payment items and stopped or voided checks, or reverse/repost transactions for corrections as needed
Daily monitoring of ACH batches for exceptions
Monitor department email box and respond to inquiries in a timely and accurate manner
Periodic report generation and information gathering for audit purposes
Ensure all transactions are completed in a timely and accurate manner

High School diploma or equivalent; Degree in Business, Finance, or Accounting strongly preferred
Minimum of one to three years of experience in mortgage servicing, accounting, or finance preferred
Basic Microsoft Office skills - Excel, Word, Teams, Outlook
Familiarity with commercial loan terminology and general real estate principles
Strong analytical skills with high attention to detail and accuracy
Strong organizational, time management, and prioritizing skills
Excellent verbal, written, and interpersonal communication skills
Ability to work in a fast-paced environment with strict deadlines

Competitive base salary
Discretionary bonus
Full range of medical benefits
401(k) eligibility
Paid time off benefits

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