Certificates, IRA & Tax Reporting Representative I/II

Tower Federal Credit Union • Laurel, MD

16d • $23 - $29

About The Position

The Certificates, IRA and Tax Reporting Representative I provides daily support
to members and the frontline staff, regarding all Deposit Product Rates, Share
Certificates, Individual Retirement Accounts (IRA) and Trust Accounts. The
Representative is responsible for upholding organizational values, responding
promptly to customer needs and displaying courtesy and sensitivity while
managing difficult or emotional member situations. This position is the subject
matter expert and independently answers all deposit-related interest questions.

Requirements

• High School Diploma and three years of related transaction channel processing experience
• Adapts well to changes in the work environment and ability to change approach or methods to processes to best fit the situation or work flow process.
• Ability to treat others with respect while inspiring the trust of others. Works with integrity and
• Ability to effectively exchange information and provide explanation in one-on-one situations with members or employees as well as external companies in person or over the phone.
• Ability to express both verbal and written communication in a clear and concise Incumbent should also keep others adequately informed and have the ability to follow detailed written and oral instructions.
• Ability to offer assistance and support to co-workers, establish and maintain effective relations and exhibit tact and consideration.
• Ability to keep emotions under control, maintain objectivity and encourage open
• Ability to prioritize and plan work activities while using time Will also be able to integrate changes smoothly.
• Ability to identify problems in a timely manner as well as solve practical problems and deal with a variety of variables in the work place and take responsibility for own Incumbent will follow instructions and respond to management direction.
• Must provide reliable and accurate information to members’ and instill customer confidence while supporting organizational values. Incumbent will demonstrate accuracy and thoroughness while monitoring own work to ensure He/she will also meet productivity standards and complete work in a timely matter in order to meet established goals.
• Ability to work under stressful conditions in a production environment with effective multi-tasking techniques exhibited. Incumbent will display a willingness to make decisions and support and explain reasoning for decision
• Ability to arrive to work consistently and timely per Tower’s attendance guidelines and ensures work responsibilities are covered when absent.
• Able to get along with colleagues and supervisors exhibiting role model team based Incumbent will exhibit confidence in self and others while inspiring trust and respect.
• Ability to maintain confidential information at all
• Ability to respond to sensitive inquiries and complaints
• Must reflect a mature and positive emotional intelligence when interacting with
• Must become familiar with Trust Account applications and Tower’s Certification of Trust, IRA software as a General User and IRA account transactions such as contributions, distributions and IRA Federal withholding.
• Must become familiar with W-8BEN, W-9, the 1099INT, 1099R, 1042-S and 5498 tax reporting guidelines and
• Must become familiar with the State of MD Escheat
• Has knowledge of and adheres to credit union policies and procedures and all regulations related to the Bank Secrecy Act, the USA PATRIOT Act and OFAC.

Nice To Haves

• Prefer a current and active knowledge of regulations and legal environment governing transaction channel processing

Responsibilities

• Provides exceptional member service for products including, but not limited, to Share Certificates, Individual Retirement Accounts (IRA) and Trust Accounts.
• Serves as the subject matter expert to frontline staff for all CD-related questions and independently answers all CD-related questions from frontline staff and members. The Certificates Representative identifies, answers and resolves all deposit-related interest questions, not just CD account interest.
• Serves as a resources to front line staff and other employees regarding information information about Share Certificates, IRA’s and Trust Accounts.
• Proficiently processes transactions including: opening new CDs, CD additions/withdrawals, closing CDs, Bump-up Authorizations, CD add/change ownership and any other transactions associated with regular CD
• Proficiently utilizes the Early Withdrawal Penalties calculation and posts certificate early withdrawal penalties
• Communicates with members on all things related to CDs, IRAs and Trust
• Determines if IRA transactions comply with Internal Revenue Code (IRC) and refers any questionable transactions to the Certificates, IRA and Tax Reporting Senior and/or Manager.
• Proficiently distributes official checks for CD withdrawals and official check requests from Records
• Verifies daily reports such as new deposit products reports, Deceased IRA report, Rate Change Report, Escheat Reports and other reports as needed.

Benefits

• All full-time positions include exceptionally low medical premiums in addition to a whole host of other benefits.
• Tower is offering a $1000 Signing/Retaining bonus as of 1/20/2025.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees