Payment Posting Specialist

PRA Group (Nasdaq: PRAA); Norfolk (VA); On-site; USD 19,000 - 29,000; Full time

Job summary

PRA Group is seeking a detail-oriented Cash Applications associate to support payment processing and daily balancing tasks in our Norfolk area offices.

You will handle posting payments, researching discrepancies, and maintaining daily cash deposits using MS Office and typical accounting software.

Qualifications

• Associates degree in business or accounting preferred or equivalent experience.
• 1+ years of related experience involving payment receipts, processing and depositing payments preferred.
• Entry to moderate understanding of Accounts Receivable.
• Proficiency in Windows 10 or higher as well as with Microsoft Excel, Access, Word and Outlook.

Responsibilities

• Performs all the required Cash Application operations involving payment receipt, posting/processing of received payment types (checks, money orders, bankruptcy and CCCS payments), making deposits and other duties with accuracy and timeliness.
• May be responsible for processing additional payment types, such as Legal Payments, MoneyGram, Western Union, Overnights Consumer Credit Counseling and NSF’s.
• Analyzes and researches incoming payments and reconciles daily deposits and cash transactions.
• Assists in controls, balances and deposits of daily cash receipts.
• Maintains/completes user daily balancing sheet.

Skills

Accounts Receivable understanding

Windows 10 proficiency

Excel

Access

Word

Outlook

Accounting software experience

Education

Associates degree in business or accounting

Equivalent related experience

Tools

Accounting software

Job description

Position Summary:

Responsible for computing, classifying, recording and verifying numerical data for use in maintaining accounting records by performing the following duties. Works with various types of payments and requires strong time management skills and the ability to work independently and in a team-oriented environment.

Key Responsibilities (other duties may be assigned):

• Performs all the required Cash Application operations involving payment receipt, posting/processing of received payment types (checks, money orders, bankruptcy and CCCS payments), making deposits and other duties with accuracy and timeliness.
• May be responsible for processing additional payment types, such as Legal Payments, MoneyGram, Western Union, Overnights Consumer Credit Counseling and NSF’s.
• Analyzes and researches incoming payments and reconciles daily deposits and cash transactions.
• Assists in controls, balances and deposits of daily cash receipts.
• Maintains/completes user daily balancing sheet.

Professional Experience/Qualifications:

• Associates degree in business or accounting or equivalent from two-year college or technical school preferred or the equivalent amount of related experience preferred.
• 1+ years of related experience involving payment receipts, processing and depositing payments preferred.
• Entry to moderate understanding of Accounts Receivable
• Proficiency in Windows 10 or higher as well as with Microsoft Excel, Access, Word and Outlook. Equivalent accounting software experience preferred

Work Environment:

Work is performed in an office environment with telephones, personal computers, and printers. The office environment is an open workspace with individual workstations. The noise level of the environment is usually moderate. This position is a:

• Sedentary position with seldom to occasional lifting of less than 11 pounds; requires frequent lifting of less than 1 pound; and may require standing less than or equal to 1/3 of the day.

Disclaimer:

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

Salary Range:

$14.23 - $21.35

PRA Group has an effective process for assessing market data and establishing ranges to ensure we remain competitive. Actual compensation is influenced by a wide array of factors including but not limited to skill set, level of experience, specific working location and market position. This posted salary range is a good faith and reasonable estimate, and PRA Group reserves the right to adjust this range depending on the qualifications and location of the selected candidate. In addition to base salary, PRA may offer additional benefits to include performance based bonus programs and/or equity programs depending on the position. PRA offers paid time off, medical, dental, vision, 401k match, life insurance, and other benefits to assist with the physical and mental wellbeing of our employees.

All qualified applicants will receive consideration for employment regardless of age, race, color, sex, gender, religion, national origin, physical or mental disability, citizenship, or any other classes recognized by state or local law or any other characteristic protected under applicable federal, state or local law. We are a drug free workplace.

To qualify, applicants must be legally authorized to work in the United States, and should not require, now or in the future, sponsorship for employment visa status.