Corrections Specialist - Benefit Payment Services

U.S. Bank • Saint Paul, MN

7d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Inspire, excel and grow with us U.S. Bank Wealth Operations is hiring a Correction Specialist to support our Benefit Payment Services team within Corporate Trust. This individual will be responsible for the following: Managing daily tasks in BPM and processing within SLA Processing corrections or changes to pension payments, such as stopping and reissuing payments Process fund movement through trust-to-trust transfers, initiating wire transfers, ACH and check payments Correcting tax forms per client direction Verifying and processing Positive Pay items Proactively identifying and correcting accounts that are out of balance Collaborating with other roles within Benefit Payments Services, as well as partnering effectively with IT & C Client Services

Requirements

• Associate's degree, or equivalent work experience
• Two or more years of relevant experience

Nice To Haves

• Basic understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients
• Ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)
• Ability to multitask and meet established deadlines in a dynamic work environment
• Demonstrated analytical, problem-solving, decision-making, and organizational skills
• Effective customer relations, interpersonal, and verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Responsibilities

• Managing daily tasks in BPM and processing within SLA
• Processing corrections or changes to pension payments, such as stopping and reissuing payments
• Process fund movement through trust-to-trust transfers, initiating wire transfers, ACH and check payments
• Correcting tax forms per client direction
• Verifying and processing Positive Pay items
• Proactively identifying and correcting accounts that are out of balance
• Collaborating with other roles within Benefit Payments Services, as well as partnering effectively with IT & C Client Services

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree