How Much Does a Lockbox Processor II make?

Lockbox Processor II made a median salary around $48,056 in December, 2024. The best-paid 25 percent made $53,098 probably that year, while the lowest-paid 25 percent made around $43,207. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Best-Paying Cities for Lockbox Processor II

The metropolitan areas that pay the highest salary in the Lockbox Processor II profession are Hopkins , Mendota , Minneapolis , Minnetonka , Saint Paul .
Hopkins, MN $50,835
Mendota, MN $50,835
Minneapolis, MN $50,835
Minnetonka, MN $50,835
Saint Paul, MN $50,835

Best-Paying States for Lockbox Processor II

The states and districts that pay Lockbox Processor II the highest salary are District of Columbia (around $53,326) , California (around $52,847) , New Jersey (around $52,512) , Alaska (around $52,177) , and Massachusetts (around $52,129) .
District of Columbia $53,326
California $52,847
New Jersey $52,512
Alaska $52,177
Massachusetts $52,129

What is the Career Path of Lockbox Processor II?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Lockbox Processor II, the first career path typically starts with a Loan Processor III position , and then progresses to Loan Processing Supervisor.

The second career path typically progresses to Loan Processing Assistant Manager.

Additionally, the third career path typically progresses to Loan Processing Manager.

Besides, Lockbox Processor II can also turn to other related jobs, including Lockbox Processor , Loan Processor II , Lockbox Manager and Accounts Receivable Processor II .

Frequently Asked Questions for Lockbox Processor II

Q: What is the salary range of Lockbox Processor II in Rochester, MN?
A: In 2024 , the lowest-paid Lockbox Processor II in Rochester, MN earned an average annual salary of $43,207 , while the highest-paid made $53,098.
Q: What is the salary for a Lockbox Processor II in California?
A: Lockbox Processor II employed in California earned an average salary of $52,847 in 2024.

Average Lockbox Processor II Pay vs. Other Jobs

Lockbox Processor II earned an average salary of $48,056 in 2024. Other jobs related to Lockbox Processor II earned the following average salary in December, 2024. Lockbox Processor made $35,542 , Loan Processor II made $47,685 , Lockbox Manager and Accounts Receivable Processor II made $112,225 and $49,570 respectively .

Relevant Jobs of Lockbox Processor II

Lockbox Processor - Average Salary $35,542
There is currently no job description for Lockbox Processor, be the first to submit the job responsibilities for Lockbox Processor.
Loan Processor II - Average Salary $47,685
Loan Processor II performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Loan Processor II verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Loan Processor II ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Processor II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Loan Processor II typically requires 1-3 years of related experience.
Lockbox Manager - Average Salary $112,225
Lockbox Manager manages, coordinates and oversees all aspects of the company's lockbox operations. Coordinates and monitors daily operations in the mail room and money transfer. Being a Lockbox Manager typically requires a bachelor's degree. Typically reports to a senior manager. The Lockbox Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Lockbox Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
Accounts Receivable Processor II - Average Salary $49,570
The Accounts Receivable Processor II ensures transactions are recorded promptly and accurately in accordance with internal accounting policies. Records, verifies and posts payments received by the organization. Being an Accounts Receivable Processor II may be responsible for ad hoc customer billing and responding to customer inquiries regarding bills. Reconciles payments with accounts receivable ledger and prepares reports of delinquent accounts. In addition, Accounts Receivable Processor II requires a high school diploma or equivalent. Typically reports to a supervisor or manager. Being an Accounts Receivable Processor II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Working as an Accounts Receivable Processor II typically requires 1-3 years of related experience, or may need 0 years of experience with additional specialized training and/or certification.
Accounts Payable Processor II - Average Salary $50,790
The Accounts Payable Processor II reviews purchase orders, statements, and invoices to verify amounts owed. Prepares and processes payments for vendor invoices and other financial obligations in accordance with internal accounting policies. Being an Accounts Payable Processor II responds to vendor inquiries and resolves any discrepancies in billings and payments. Maintains and reconciles accounts payable ledger. In addition, Accounts Payable Processor II may process requests for employee expense reimbursements. Requires a high school diploma or equivalent. Typically reports to a supervisor or manager. Being an Accounts Payable Processor II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Working as an Accounts Payable Processor II typically requires 1-3 years of related experience, or may need 0 years of experience with additional specialized training and/or certification.