ACH Processing Specialist
About The Position
Under general supervision, while following established policies and procedures, the ACH Processing Specialist performs a variety of semi-complex and routine accounting, clerical and operational duties in the Accounting Department related to ACH’s and Share Drafts; including receiving, sorting, and proofing accounting documents, posting totals to the general ledger, performing arithmetic calculations, reviewing internal records and reconciling accounts, and performing other related duties; responding to questions and/or providing information upon request from members (internal and external); processing all requests/transactions as appropriate; and assisting members and potential members in understanding and utilizing Credit Union products and services. This is a full-time position (Monday thru Friday) and the ideal candidate will have the flexibility to work Saturdays as needed, occasional community events (once or twice a year), must consistently uphold the mission, vision, and core values of the credit union, and possess the ability to cope in a team focused, fast-paced sales and service culture.
Requirements
- Requires High School Diploma or equivalent (GED), AA in accounting or college level accounting courses preferred
- Minimum 2 years previous in accounting, ACH, share draft, and/or financial institution back-office accounting operations experience required
- NACHA Accredited ACH Professional(AAP) or Accredited Payment Risk Professional(APRP) certification preferred or required within 2 years of employment
- Demonstrated experience with GAAP or credit union accounting principles
- Must be bondable
- Requires basic knowledge of Microsoft Word and Excel
Responsibilities
- Processes and reconciles all payroll deduction accounts, pre-authorized transfers and ACH distributions; receives and processes daily ACH files, verifies ACH pre-notes, returns ACH overdrafts and non-post able items to the Federal Reserve Bank (FRB)
- Maintains stop payments and revocations for ACH and ensures that stop payments are on the system; collects fees for stop payment processing if applicable
- Attends to all incoming and outgoing wire activities and verifying Verafin sanctions
- Researches and resolves member (internal and external) problems/questions utilizing tact and experienced based knowledge; explains specific policies and procedures while representing the Credit Union in a professional manner and maintaining positive member relations
- Facilitates annual third-party ACH and wire audits
- Processes Share Draft daily returns via the processor, including inquiries and retrievals; processes and resolves member inquiries regarding share drafts, returned checks and stop payments; and maintains and updates member records as needed
- Ensures that draft stop payments are on the system; collects fees for stop payment processing if applicable
- Places stop payments on credit union drafts and respond to status inquiries; prepares and mails overdraft notices for draft accounts when needed
- Processes incoming and out-going, foreign and domestic wires
- Processes Remote Deposit Capture enrollments and transactions daily
- Process Bill Pay file daily
- Trains staff for support in their absence
- Attends necessary external and internal training
- Other duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
