MelbourneFLRecruiter Since 2001
the smart solution for Melbourne jobs

Deposit Operations Specialist I

Company: Launch Credit Union
Location: Merritt Island
Posted on: January 14, 2023

Job Description:

Deposit Operations Specialist IMerritt Island, FL 32952 Posted 01/03/2023 - - Full-time, Non-exempt - Depends upon skills and experience - All PositionsApplyCompany DescriptionAs an independent not-for-profit cooperative financial institution, Launch Credit Union is owned by and operated exclusively for the benefit of our members. Our committed and friendly staff is dedicated to providing excellent service and a comprehensive array of financial products. Our team members are eager to assist members with creative and flexible solutions for all of their financial needs.As our Credit Union continues to grow, we are always seeking qualified personnel to join our team in providing our members with the quality service they deserve. If you are ready to be a part of an exciting team, then we encourage you to continue with this applicant friendly, online job application! Launch Credit Union is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, age, national origin, ancestry, citizenship, disability, or veteran status.Launch Credit Union participates in E-Verify.Job DescriptionPosition Summary:The Deposit Operations Specialist I performs a range of general clerical, accounting, and bookkeeping support functions, and assists branch staff and the Contact Center as needed. The incumbent performs one or more primary responsibilities and duties listed below.Primary Responsibilities and Duties

  • Wires - Processes incoming and outgoing domestic and international wire transfers. Sends daily MoneyGram wires, processes incoming and outgoing mortgage funding wires, processes credit union investment wires, log wires, OFAC incoming and outgoing wires, posts wire and fee to member accounts. Balances the wire activity to the Federal Reserve Bank statement and to the general ledger to ensure all items are processed.
  • Check Processing - Processes incoming and outgoing member checks, returns, chargebacks, create and send chargeback letters, processes returned mail, processes FED check adjustments, processes fraud checks, tracks old/new accounts for check payments, reviews remote Deposit Capture checks and creates check files that are sent to the Federal Reserve, processes foreign collection items and reconciles the charge off GLs monthly.
  • Courtesy Pay - Reviews negative Courtesy Pay accounts and completes the charge off process before the negative accounts exceed 45 days.
  • Negative Accounts - Reviews negative accounts, maintains charge off reporting system, and completes the charge off process before the negative accounts exceed 45 days. Posts negative account recoveries.
  • ATMs -Verifies branch ATM balancing and processes all adjustments as needed. Assists branch staff with ATM balancing differences. Must be familiar with ATM PIN and Signature settlement posting, daily reconciliations, reviews ATM checks, and processes ATM check deposit adjustments.
  • Check 21 - Processes branch Check 21 check/bond deposits nightly and remits cash letter file to the Federal Reserve Bank. Processing is done on a rotational basis with other staff members and requires the ability to work past 5pm Monday through Wednesday and past 6pm on Thursday and Friday.
  • ACH Processing - Performs daily processing of ACH debit and credit exceptions, processes Written Statement of Unauthorized Debits, and ACH Stop Payments. Daily creation and remittance of exception return files to the Federal Reserve Bank, processes Bill Pay origination files, reviews, and processes external transfer ACH origination file, set up ACH originations on member accounts in core, reverses returned Launch credit card payments, processes ACH reclamations and proof of authorization, sends provisional credit and closed letters to members. Sends notices of incorrect account number letters to members regarding ACH transactions, tracks and pays ACH items for old/new accounts, scan forms, letters and returned mail into archive system.
  • Person to Person Transfers - review reports, process disputes and fraud.Other Responsibilities and Duties
  • Assists with department projects as needed.
  • Trains new hires.
  • Assists branch and Contact Center staff with questions.
  • Assists Card Services as needed.
  • Attends meeting and training sessions as required.
  • Follows all Launch Credit Union policies and procedures.
  • Completes assigned compliance training in a timely manner.
  • Performs other duties as assigned.Education, Experience, and Skills Required
  • One year to three years of banking experience required.
  • High school diploma.
  • Strong organizational skills, high attention to detail, and accuracy.
  • Must display courtesy and tact while aiding others.
  • Knowledge of standard accounting principles.
  • Ability to effectively manage multiple tasks and to meet deadlines.
  • Proficient computer skills including MS Office and accounting software. Ability to use a calculator and initiative to learn new technology and tasks.
  • Ability to quickly learn and understand the credit union's policies and procedures.
  • Possess qualities on confidentiality, professionalism, and discretion. Benefits
  • Medical Insurance (available at reduced cost to employees)
  • 401(K) (Eligible first business day of the month following 60 days of employment)
  • Paid Holidays
  • Paid Training
  • PTO (Paid Time Off)
  • Tuition Reimbursement (after 1 year of employment)

Keywords: Launch Credit Union, Melbourne , Deposit Operations Specialist I, Other , Merritt Island, Florida

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest Florida jobs by following @recnetFL on Twitter!

Melbourne RSS job feeds