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
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