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SalaryJOB SUMMARY: The ACH Department is responsible for the proper monitoring and processing of files for all Stearns Bank Originators as well as ensuring and maintaining Stearns Bank’s understanding and compliance with ACH, NACHA and Federal regulations. The ACH Department facilitates the flow between programs and maintains a daily tracking to balance and safeguard all files processed through Stearns Bank to the ACH Operator in addition to providing backup to several Deposit Operational functions.
Starting wage of $23.00/hour. Employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.
Work hours are 8:00 AM – 5:00 PM (CST), Monday through Friday.
RESPONSIBILITIES
- Balance, facilitate and maintain verification of the processing of files for Stearns Bank ACH Originators.
- Build and process one-time ACH transactions for SBA Loans.
- Maintain PIM monthly billing, calculate and process monthly same day billing.
- Process WSUDs and unauthorized debit transactions.
- Process Federal Reclamations.
- Manage recurring ACH set up on the Core (PIM) for exception loan payments.
- Process Monthly COD Interest Transfer File.
- Track monthly and annual IATs.
- Track all originated and received monthly ach entry volumes.
- Monitor balance fluctuation of FRB Pledged (BIC Program) loans weekly.
- Research incoming ACH company identification information as needed.
- Complete SSI and SSA Accuity Verifications.
- Keep departmental procedures up to date at all times.
- Responsible for various General Ledger and bank-controlled deposit account reconciliations .
- Ensure all authorizations, agreements, and contracts are accurate and saved.
- Monitor, track and process ACH return items, NOC’s, and DNE’s in a timely manner.
- Create, monitor and update ACH Originators as needed.
- Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position.
- Loss prevention and security as applicable for this position.
- Complete required training.
- Assist with the monthly monitoring of largest originators and return percentages.
- Assist as needed with annual risk reviews for all Stearns Bank ACH originators.
- Assist with Audit Prep / Receive and monitor annual audit findings and corrections.
- Assist with Reviewing and Approving wires submitted through Online Banking (Q2) as needed.
- Provide Backup to Entering and releasing outgoing wires.
- Assist with Annual Business Continuity Testing as needed.
- Provide assistance with registering Originators with NACHA as required.
- Assist with maintaining ACH Programs: PIQS, FED, Treasury Software, Q2 as needed.
- Perform other duties as requested.
REQUIREMENTS
- Occasionally lift and/or move up to 25 lbs.
- Ability to understand and follow instructions in English.
- Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.
- Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
QUALIFICATIONS
- Associates Degree or equivalent from a two-year college or technical school; or one to two years related experience; or equivalent combination of education and experience.
- Familiarity with basic accounting principles.
- Familiarity with basic ach origination
- Excellent oral and written communication skills.
- Detail oriented.
- Flexible.
PREFERRED QUALIFICATIONS
- Working knowledge of ITI, IBM Compatible Operating Systems, Microsoft Office, Internet and other related software helpful.
- Prior ACH Origination experience.
THE COMPANY
Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $2.4 billion well-capitalized, independent financial holding company based in St. Cloud, Minnesota. Specializing in nationwide small business lending and equipment financing, Stearns has maintained outstanding customer service, fast decisions, and customized finance solutions to their customers for decades.
Stearns Bank has earned itself a stellar reputation amongst customers and competitors alike. This reputation goes beyond just word-of-mouth, as Stearns has been recognized by the Independent Community Banker’s Association (ICBA) as a top-performing bank in the nation based on a 3-year average Return on Assets for banks $1 billion or more. Stearns has also been recognized by American Banker as a top-performing bank in the nation over a 3-year period for Return on Equity for banks from $2 billion to $10 billion.
As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation.
EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.
