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Payment Processing Supervisor

Company Description

     

      Knowledge, Skills, and Abilities:

      • Detail-oriented with strong analytical skills.
      • Self-motivated capable of working independently on multiple projects under tight deadlines.
      • Strong leadership, time management, organizational, and interpersonal skills.
      • Excellent communication skills for collaborating with various departments and leaders.
      • Ability to stand, reach, kneel, and lift or move items weighing up to 50 pounds.
      • Specific vision abilities include close, distance, peripheral, and depth perception, along with focus adjustments.
      • Flexible work hours based on business needs.

      Individuals in this role are expected to excel in their responsibilities while continuously expanding their knowledge of all facets of the department. Eligibility for promotion will be evaluated based on the successful completion of tasks, consistent delivery of high-quality customer service, a cooperative mindset, openness to embracing new responsibilities, and the capacity to promote and adapt to change and ongoing improvement.

         

         

        Job Description

        Career Opportunity: Payment Processing Supervisor in Mason, OH

         

        Do you have experience managing various payment types in a high-volume environment? Are you comfortable overseeing adjustments and conducting related research to resolve discrepancies? If so, we want to speak with you!

         

        We are excited to offer a full-time contract-to-permanent position.

         

        The Payment Processing Supervisor will have primary responsibility for managing the payment processing and invoice reporting function. This includes managing the various payment types, overseeing adjustments and related research, analyses of payment processing work products and processes, balancing/reconciliations, and reporting. In addition, the Payment Processing Supervisor works with external/internal auditors and corporate Accounting.

        Other responsibilities include:

        • Ensure the integrity of payment processing recording and collector numbers.
        • Provide necessary information to the Accounting group for accurate general ledger reporting.
        • Direct the resolution of payment processing issues in a timely and effective manner.
        • Oversee balancing and reconciliation functions related to payment processing.
        • Supervise day-to-day operations of the Payment Processing team, including processing borrower payments and preparing management reports.
        • Work with other operational areas to resolve payment processing, borrower, or client issues.
        • Participate in internal and external audits and ensure regulatory compliance (e.g., NACHA).
        • Continuously monitor and analyze department processes for efficiency and effectiveness.
        • Establish employee goals, conduct performance reviews, and oversee staff development and cross-training.
        • Review and test new client setups and develop procedures to ensure compliance with federal, state, and client requirements.

        Qualifications

        You will have significant decision-making latitude, including making decisions related to payment application and invoice reporting, recommending hiring or termination of employees, and overseeing program changes to ensure compliance with federal, state, client, and legislative requirements.

        Qualifications:

        • 3-5 years financial field experience
        • 3-5 years management experience
        • Excellent communication and written skills
        • Intermediate Excel and Word skills
        • 2 yr. Associate Degree with major in Business; preferred.
        • FACS or CRS experience preferred but not required.
        • Collection industry and/or banking experience; preferred.
        • 1-2 years experience with Credit Card and ACH payment types; preferred.
        • Working knowledge of Microsoft Query and Access; preferred.

        Additional Information

        If you are looking for a great career opportunity with a company eager to build their team, apply online at https://grnh.se/8c631bbb3us!

        Employer is EEO/M/F/D/V. No third-party applications please.

        Average salary estimate

        $70000 / YEARLY (est.)
        min
        max
        $60000K
        $80000K

        If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

        What You Should Know About Payment Processing Supervisor, strategic HR, inc.

        Are you ready to take the next step in your career as a Payment Processing Supervisor with a dynamic team in Cincinnati, OH? We are looking for someone with strong leadership qualities and a knack for managing various payment types in a high-volume environment. In this exciting role, you'll be at the forefront of the payment processing function, responsible for overseeing audits, balancing transactions, and ensuring accurate invoice reporting. Your analytical skills will shine as you conduct research to resolve discrepancies, while your excellent communication capabilities will allow you to collaborate with internal and external teams effortlessly. You’ll also ensure compliance with regulatory standards like NACHA while continuously looking for ways to improve our processes. With a focus on team development and performance reviews, you will lead your team through day-to-day operations with a strong emphasis on efficiency. If you're a detail-oriented and self-motivated individual ready to excel, this is your chance to shine in our vibrant payment processing department!

        Frequently Asked Questions (FAQs) for Payment Processing Supervisor Role at strategic HR, inc.
        What are the key responsibilities of a Payment Processing Supervisor at the company?

        As a Payment Processing Supervisor, you will manage the payment processing and invoice reporting functions, oversee adjustments, and conduct research to resolve discrepancies. Additionally, you'll handle balancing and reconciliation, supervise day-to-day operations, and work collaboratively with auditors and the Accounting team to ensure compliance and accuracy in payment processing.

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        What qualifications do I need to apply for the Payment Processing Supervisor position?

        To be considered for the Payment Processing Supervisor role, candidates should have 3-5 years of experience in the financial field, along with management experience. A 2-year Associate Degree in Business is preferred. Additionally, familiarity with different payment types like Credit Card and ACH, along with strong skills in Excel and communication, will set you up for success.

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        How does the company support employee growth for Payment Processing Supervisors?

        The company values professional development and supports employee growth through regular performance reviews, goal setting, and opportunities for cross-training. By fostering a culture of continuous learning and improvement, employees can expand their skills and advance in their careers.

        Join Rise to see the full answer
        What types of payments will I be managing as a Payment Processing Supervisor?

        In the role of Payment Processing Supervisor, you will be overseeing various payment types, including but not limited to Credit Card and ACH payments. Managing these payment types efficiently will be crucial to ensuring accuracy and integrity in the payment processing workflow.

        Join Rise to see the full answer
        What is the company culture like for a Payment Processing Supervisor?

        The company prides itself on a supportive and collaborative culture, where Payment Processing Supervisors are encouraged to lead their teams effectively while continuously seeking innovative solutions. You'll find a community that values openness, cooperation, and a proactive approach to challenges.

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        Common Interview Questions for Payment Processing Supervisor
        How have you handled discrepancies in payment processing in the past?

        In handling discrepancies, I ensure clear communication with relevant parties involved. I analyze the data meticulously and collaborate with team members and accounting to identify the root cause. This systematic approach allows me to resolve issues efficiently, ensuring compliance and smooth operations.

        Join Rise to see the full answer
        Can you describe your experience with payment types relevant to this role?

        I have significant experience working with various payment systems, including handling Credit Card and ACH payments. Understanding the nuances of each payment method helps me manage operational risks and enhance processing effectiveness, ensuring a seamless experience for our clients.

        Join Rise to see the full answer
        What do you believe is the most critical skill for a Payment Processing Supervisor?

        I believe that strong analytical and communication skills are paramount. A Payment Processing Supervisor must analyze data efficiently and communicate findings and solutions effectively to different stakeholders. This blend fosters a cohesive environment and drives successful outcomes.

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        Describe a time when you improved a process within a payment processing team.

        In my previous role, I identified inefficiencies in the reconciliation process that led to delays. By implementing a new automated tracking system, I reduced errors and sped up the reconciliation timeframe significantly, leading to increased accuracy and a more productive workflow.

        Join Rise to see the full answer
        How do you ensure compliance with regulations such as NACHA?

        I stay updated on regulatory changes and ensure our processes align with those requirements. Regular training sessions for my team on compliance standards, coupled with periodic audits, allow us to maintain adherence and develop a culture of accountability.

        Join Rise to see the full answer
        How do you manage team performance and development?

        I set clear and achievable goals for my team members and conduct regular performance reviews to discuss their progress. I focus on providing constructive feedback and facilitate opportunities for professional development, fostering both individual and team growth.

        Join Rise to see the full answer
        What strategies do you use to handle high-pressure situations?

        During high-pressure situations, I prioritize tasks based on urgency and impact. I maintain open lines of communication with my team to ensure we are all aligned and working efficiently. Staying organized and focused is key to overcoming challenges effectively.

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        In your opinion, what makes a successful Payment Processing Supervisor?

        A successful Payment Processing Supervisor balances strong leadership and team support with an analytical mindset. Being detail-oriented, proactive in problem-solving, and fostering a collaborative environment are essential traits that lead to success in this role.

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        How do you incorporate feedback from audits into your daily practices?

        I view audit feedback as an opportunity for improvement. After an audit, I review the findings with my team and collaboratively develop action plans to address any shortcomings, ensuring we incorporate lessons learned into our daily operations.

        Join Rise to see the full answer
        What is your approach to maintaining accuracy in payment processing?

        Maintaining accuracy starts with diligence and thorough checks throughout the payment processing lifecycle. Implementing checks and balances, fostering a culture of accountability, and investing in training for my team are key components to achieving accuracy.

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        DATE POSTED
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