Deposit Operations Specialist I

ESSENTIAL JOB FUNCTIONS:

• Completes the verification of deposit research and processing.
• Processes and posts ATM/ITM/iPay Program or other mobile banking or deposits settlements as applicable. Responsible for ensuring the mobile deposits are processed accurately, in a timely manner and in accordance with department procedures.
• Processes share draft settlements. Responsible for ensuring the share draft settlements are processed accurately, in a timely manner and in accordance with department procedures.
• Accurately posts entries to the general ledger and to member accounts.
• Maintains adequate supporting documentation for all general ledger journal entries.
• Processes all Canadian item cash letters to Fed and balances the general ledger to ensure proper payment, changes Canadian item rate on SharePoint weekly.
• Processes the check 21 Fed Forward transmission. Pulls each branch deposit separately ensuring the dollar amount balances with the coinciding 118 report. Prepares a cash letter and forwards to separate employee to transfer cash letter file to FRB.
• Prepares daily, weekly, or monthly general ledger account reconciliations for applicable general ledger accounts, maintaining adequate supporting documentation
• Notifies department officer or manager of any adjustments to member accounts or transactions and of any member requests that may not be completed.

ADDITIONAL RESPONSIBILITIES

• Provides a superior level of service to members and fellow employees in all areas of the credit union.
• Maintains documents and reports in a neat and organized fashion in order to facilitate research and improve efficiency.
• Handles member and credit union confidential information in accordance with information security standards.
• Ensures specific responsibilities are completed timely and accurately and accounting calculations and entries are error free.
• Conducts a thorough self-review of all work and maintains keen attention to detail
• Develops recommendations and suggestions to resolve problems that occur in specific areas of responsibility or improving effectiveness or efficiency in Deposit Operations
• Meets the current standards as established for the department or branch in the completion of all assigned duties.
• Performs other duties as assigned.
• Responsible for abiding and complying with the policy for compliance with the Bank Secrecy Act and anti-money laundering laws and regulations (BSA/AML), the policy for compliance with the Office of Foreign Assets Control (OFAC) laws and regulations and the Fair and Accurate Credit Transactions laws and regulations.

QUALIFICATIONS:

• High School Diploma or equivalent
• 3+ years of experience in operations, preferably in a financial institution
• Knowledge of financial products, services, operational processes and regulations
• Excellent analytical and problem-solving skills
• Experience in process mapping, interpretation, and improvement
• Ability to perform advanced data analysis to identify trends and patterns to support business decisions
• Excellent organizational skills, with the ability to manage multiple tasks simultaneously
• Strong verbal and written communication skills, with the ability to communicate across all levels of the organization
• Proficiency in Microsoft Office Suite or similar software
• Ability to work both independently and in a team-oriented environment
• Experience with project management, with the ability to manage multiple projects simultaneously
• Experience in implementing and monitoring operational policies and procedures
• Familiarity with technical systems, including online banking, mobile banking, and other financial institution related systems.

Only applicants who meet the minimum requirements for the position will be considered for an interview. This position is open until filled.
Thank you for your interest in the opportunity with Credit Union 1
EEO Statement: Credit Union 1 provides equal employment opportunities to all employees and applicants for employment, prohibiting discrimination and harassment of any type without regard to race, color, religion, sex, age, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identify or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.