Payment Specialist II

About The Role

Country Place Mortgage, a leading nationwide personal property and mortgage lender headquartered in Plano, TX, is seeking a

Accounts Receivable

• Perform automated posting of daily ACH and lockbox payments in loan servicing system; reconcile 100% to bank deposit confirmations
• Perform daily manual posting of wire transfers, western union, coupon-less lockbox payments and all other payment types; reconcile 100% to bank deposit confirmations
• Use desktop check scanner to electronically deposit checks physically received at the home office and manage storage according the company policy
• Post ACH returns and NSF check reversals in loan servicing system and reconcile 100% to bank returns reporting
• Responsible for managing and applying prepaid dealer interest deposits
• Record accounting journal entries for all cash received that is other than loan servicing (e.g., vendor refunds)
• Record and manage remittance of payments received from customers where servicing has been released
• Process all deferral and supplemental payment programs in the loan servicing system and prepare related journal entries in the general ledger
• Credit customer accounts for interest on escrow and setup monthly wire transfer
• Post payments received from bankruptcy trustees and monitor for discrepancies in arrearage balances
• Regularly monitor unapplied funds balances and ensure all funds are applied at month-end
• Process charge adjustments in the commercial loan servicing system and assist the commercial servicing team with account research

Country Place Mortgage, a leading nationwide personal property and mortgage lender headquartered in Plano, TX, is seeking a Payments Specialist
II to join our Finance Team. This in-person role, based in our Plano, TX office, offers an exciting opportunity for an individual to develop analytical skills in a high-impact environment. The Payment Specialist II will work closely with various departments in a highly visible role, driving cross-functional collaboration. This position is a combined accounts payable and accounts receivable role and reports directly to the Controller.

Accounts Receivable

• Perform automated posting of daily ACH and lockbox payments in loan servicing system; reconcile 100% to bank deposit confirmations
• Perform daily manual posting of wire transfers, western union, coupon-less lockbox payments and all other payment types; reconcile 100% to bank deposit confirmations
• Use desktop check scanner to electronically deposit checks physically received at the home office and manage storage according the company policy
• Post ACH returns and NSF check reversals in loan servicing system and reconcile 100% to bank returns reporting
• Responsible for managing and applying prepaid dealer interest deposits
• Record accounting journal entries for all cash received that is other than loan servicing (e.g., vendor refunds)
• Record and manage remittance of payments received from customers where servicing has been released
• Process all deferral and supplemental payment programs in the loan servicing system and prepare related journal entries in the general ledger
• Credit customer accounts for interest on escrow and setup monthly wire transfer
• Post payments received from bankruptcy trustees and monitor for discrepancies in arrearage balances
• Regularly monitor unapplied funds balances and ensure all funds are applied at month-end
• Process charge adjustments in the commercial loan servicing system and assist the commercial servicing team with account research

Accounts Payable

• Monitor the accounts payable mailbox and create purchase orders for all duly authorized invoices/check requests, ensuring compliance with applicable disbursement policies
• Ensure that purchase orders are coded in accordance with department policy and generally accepted accounting principles
• Receive and invoice all purchase orders daily and ensure appropriate sign off by the Controller
• Print daily checks based on Controller sign-offs and distribute to business departments timely
• Process all void transactions in a timely manner including reissues and cancellations, always ensuring funds are still available at the bank
• On a weekly basis, clear out negative purchase orders for void transactions not resulting in reissues
• Approve all employee expense reports in accordance with company policy using the Emburse system
• Track insurance claim disbursements manually in the insurance claim log
• Monitor vendor…