The Bancorp Bank

  • AR - Payoff Clerk - Leasing

    Job Location US-FL-Orlando
    Regular Full-Time
  • Overview

    Provide financial and administrative support and services to the Leasing Operations department. The position’s daily focus is on the timely processing and posting of lease payoffs and reconciling associated general ledger entries.


    • Process daily payoff quotes for the Sales Department in the Lease Wave database. Enter and update data on a timely basis in accordance with departmental policies and procedures.
    • Retrieve and process daily electronic wire transfers from bank and daily deposits from various customers in accordance with generally accepted accounting principles and company policies and procedures.
    • Report on and process all turned in assets to inventory, providing a daily reconcilement to the finance department of units added to the inventory general ledger.
    • Generate a variety of lease financial statements and related information including receivables for payoff lease charges, and payoff invoices. Review information for accuracy and completeness, ensuring all charges are invoiced and itemized correctly.
    • Post all payoff receipts into the applicable system(s). Track and investigate over-payments and issue refunds to customer accounts in a timely and accurate manner.
    • Process and reconcile general ledger (GL) entries for all payoffs. Upload any manual GL entries into the proprietary bank accounting system. Validate that the appropriate GL accounts are debited and credited. Balance the GL accounts on a daily basis in accordance with all established deadlines and schedules. Investigate and resolve any issues and/or problems arising in the reconciliation process. Elevate issues as needed to management.
    • Update and maintain thorough, well organized accounts receivable customer electronic files.
    • Provide back up support and assistance for the posting of daily lease payments, daily scanning of payment checks into the electronic storage system, and monthly ACH requests and submissions ensuring that payments processed do not exceed total authorized amounts.
    • Perform all billing and reporting activities accurately and in accordance with assigned deadlines and office administrative policies and procedures.
    • Respond to client and/or sales team questions and/or concerns related to status of accounts and payoffs. Anticipate problems and/or issues notify appropriate parties and pro-actively initiate solutions as needed.
    • Perform other related accounting activities as assigned.



    • An undergraduate degree in a related field or an equivalent combination of training and experience.
    • A minimum of 3 - 5 years related accounts receivable experience


    Other Qualifications:

    • Strong working knowledge of accounts receivable practices and principles.
    • Strong background in and knowledge of general ledger account balancing.
    • Excellent verbal, written, and interpersonal communication skills with demonstrated ability to communicate professionally with internal team members and external clients
    • A team player able to work effectively in a team fostered, multi-tasking environment
    • Proficient in relevant computer applications


    Employment with The Bancorp requires passing a background check that includes credit, criminal, OFAC, education and prior employment.


    The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.


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