ACH Settlement Specialist

NBT Bank•Canajoharie, NY

18h•$25 - $34•Onsite

About The Position

The ACH Settlement Specialist is responsible for the daily settlement, balancing, funding, and exception management activities associated with ACH processing. This position ensures ACH files are processed accurately, settlement entries are funded appropriately, general ledger accounts remain balanced, and operational issues are identified and resolved promptly. The ACH Settlement Specialist serves as the primary operational resource for ACH funding and settlement activities and works closely with Treasury, Accounting, Operations, and vendor partners to ensure the integrity of ACH processing and settlement.

Requirements

Associate’s degree or equivalent combination of education and work experience.
3+ years of banking or operations experience
Understanding of ACH processing and settlement concepts.
Accredited ACH Professional (AAP) certification.
Experience working with ACH processing.
Experience balancing accounts and performing reconciliation activities.
Familiarity with correspondent bank and Federal Reserve settlement processes.
Strong reconciliation and balancing skills
Understanding of accounting principles and reconciliation methodologies.
Proficiency in using accounting software and reconciliation tools.
Excellent attention to detail and accuracy.
Strong analytical and problem-solving abilities.
Ability to work within strict processing deadlines.
Knowledge of ACH settlement processes and funding requirements.
Ability to investigate and resolve operational exceptions.
Strong communication and collaboration skills.
Proficiency with Microsoft Excel and financial reporting tools.
Ability to manage multiple priorities in a time-sensitive environment.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

Responsibilities

Balance ACH settlement activity to general ledger accounts.
Verify accuracy of daily ACH settlement totals.
Reconcile ACH settlement differences and resolve balancing exceptions.
Process adjustments related to settlement and balancing activities.
Research and resolve out-of-balance conditions to ensure accurate financial reporting and settlement integrity.
Ensure sufficient funds are available to support ACH Origination activity.
Manage file processing exceptions and investigate processing issues.
Resolve rejected transactions, suspended files, and processing errors.
Administer ACH prefunding requirements for designated Originators.
Coordinate issue resolution with internal departments as necessary.
Monitor incoming and outgoing ACH files and confirm successful processing.
Monitor ACH processing windows and processing schedules.
Verify successful file transmissions between internal and external systems.
Monitor ACH warehouse activity and ensure timely release of transactions.
Monitor Same Day ACH processing windows and related operational requirements.
Identify, document, and escalate policy exceptions, Nacha rule violations, operational deficiencies, and emerging ACH risks to management and appropriate governance committees.
Other duties as assigned.

Benefits

Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.
Parental Leave: Six weeks of paid leave at 100% of your salary.
Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
Dental and Vision Coverage: Ensuring your overall health and well-being.
Flexible Spending Accounts: For healthcare and dependent care expenses.
Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.
Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary Benefits: Including hospital, accident, and critical illness coverage.
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
Adoption Assistance: Supporting your growing family.
Tuition Reimbursement: Invest in your education and career growth.
Employee Assistance Program (EAP): Access to support and resources.
Pet Insurance: For all your furry friends.
Financial and Banking Services: Various banking services benefits and financial planning assistance.
Paid Sick and Safe Leave: For your health and safety.