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Company: Valley Bank
Location: Township of Washington, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

Responsibilities include but are not limited to:

  • Accounts Receivable:
    • Process the daily lockbox, shadowbox and check receipts from customers into $Dollars Accounts Receivable system.
    • Prepare spreadsheets of daily cash and bank deposit slips.
    • Process and apply all funds to lessees account including ACH, wires, credit cards and specialized payment programs.
    • Process and apply all returned items (NSF).
    • Set up new ACH lease payments for monthly program processing (ACH debits).
    • Process advance ACH payments for new business customers.
    • Investigate any differences between deposit amounts and system receivables.
    • Reconcile daily cash activity per VNB Connect, $Dollars system (leasing product processor) and Sage (G/L).
    • Update and Maintain Account Receivable Policies and Procedures.
  • Early Terminations & End of Lease Options:
    • Calculate customer buyout / upgrade / prepayment quotes.
    • Process lease terminations for both system and non-system quotes.
  • Respond to General Customer Payment Inquiries:
    • Process customer bills of sale.
    • Correspond with customers regarding address changes or updates to their accounts.
    • Respond to written or verbal accounts receivable inquiries from customers.
  • Insurance on Contracts:
    • Will be a primary point of contact between HCC and ALI regarding customer information and contract status.
    • Process ALI insurance imports and exports to HCC $Dollars system 3 times a month.
    • Identify any customer insurance exceptions so forced placed insurance is not required.
    • Reconcile insurance credits and payments.


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