Payment Processor III - Checks

If you join our team, here are some of the perks you can expect:

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
• Up to a 4% match on 401(k) contributions
• UP to twelve weeks of fully paid parental leave
• An extensive Employee Assistance Program that provides personalized care options for your whole household
• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Elevations Credit Union- Broomfield Basecamp

Hybrid: Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two week pay period.

The Payment Processor III is a operational specialist within the Payment Services team whose primary purpose is to ensure the accurate, timely, and compliant processing of all check-related financial transactions in a fast-paced, deadline-driven environment. The role focuses on managing the daily flow of Share Draft files, handling Federal Reserve and Shared Branch returns and adjustments, overseeing Remote Deposit Capture processing, and preparing and submitting daily check deposits to the Federal Reserve. In addition to executing these core functions, the position serves as a knowledgeable resource and escalation point for complex issues, helping maintain operational integrity and supporting continuous improvement across payment processes. Success in this role requires exceptional attention to detail, strong analytical and problem-solving skills, reliability, the ability to work efficiently under time pressure, clear communication, and a proactive, self-directed approach to resolving issues and supporting team operations.

• Responsible for the accurate and timely daily processing of the Federal Reserve deposited item return files by ensuring that all items have been posted by regulated deadline. Prepare and balance all settlement spreadsheets.
• Responsible for reviewing Mobile Remote Deposit Capture and My Deposit items to make the determination to post or reject the deposit ensuring all daily deadlines are met.
• Responsible for the accurate and timely daily processing of the Share Draft files by ensuring that all items have cleared members account and all returns items are returned to the Federal Reserve prior to regulated deadline. Prepare and balance all settlement spreadsheets.
• Highly proficient and knowledgeable for the daily balancing of all org-wide checks in preparation of submitting to the Federal Reserve and ensuring regulated deadlines are met.
• Responsible for the processing, balancing and reconciling of the Check Adjustment Deposits (CADs) and applicable general ledgers.
• Highly proficient and knowledgeable in monitoring all negotiable instruments for potential fraud and respond and research all check fraud inquiries and investigations received from other banks, members or internally from other departments. Identify process and procedure gaps and enhancements.
• Collaborate with leadership in an effort to improve overall efficiency and quality. Highly proficient with the development of new procedures as it pertains to the Payment Services area. Certify updates are provided for existing procedures to ensure accuracy.
• Responsible for the processing, balancing and reconciling the ONUS files. Prepare and balance all settlement spreadsheets. Highly proficient and knowledgeable with the accounting reconciliation of all applicable general ledgers to ensure unidentified transactions related to check processing activity is rectified by month end.
• Completes and finalizes a high volume of member contact situations and service events daily. Able to handle member escalations on difficult issues.

Payments Manager

This role does not have supervisory responsibility 

• 3–5 years of experience in payment processing, check operations, or back-office financial operations
• Experience with Share Draft processing, Federal Reserve files, returns, adjustments, and RDC systems
• Experience balancing and reconciling general ledgers, settlement spreadsheets, and high-volume transaction files
• Strong attention to detail and high accuracy in transaction processing
• Analytical and problem-solving skills for resolving exceptions and discrepancies
• Ability to meet strict daily deadlines in a fast-paced, regulated environment
• Proficiency with payment processing platforms and financial systems
• Intermediate Excel skills, including working with formulas and reconciliation worksheets
• Knowledge of check processing workflows, including Share Drafts, ONUS, CADs, and Federal Reserve return processes
• Understanding of regulatory timelines and compliance requirements for check clearing and returns
• Knowledge of fraud indicators and negotiable instrument risk

• Experience in a credit union or banking environment
• Advanced Excel skills (pivot tables, lookups, data validation)
• Knowledge of fraud investigation processes or prior fraud-related responsibilities
• Certifications such as NCP (National Check Professional) or AAP (Accredited ACH Professional)
• Understanding of general ledger reconciliation and how check processing impacts accounting entries

• Elevations uses multi-factor authentication to keep our data safe. As such, a personal smart phone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

• Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects. 

• Full Time / 40 hours Monday through Friday

Non-exempt

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.