Deposit Operations Spec II IRA Admin

Jonestown Bank & Trust Co•Cleona, PA

About The Position

JOB SUMMARY The Operations Specialist II-CD/IRA Administrator is responsible for a wide range of duties related to the core banking, item processing, and document imaging systems. An advanced level of experience with IRAs is required. The candidate must be able to assist with other Deposit Operations functions as needed. Candidates for this position should be able to pay close attention to detail and have above average problem solving and accounting skills.

Requirements

Broad knowledge of departmental operations, policies and procedures
Ability to deal effectively and tactfully with customers and associates
Ability to recognize irregular or suspicious transactions and take appropriate steps to prevent loss
Advanced understanding of operations in other departments and bank retail outlets
Understanding of Federal Regulations as they apply to CDs, IRAs, checks and deposit accounts
Experience with using personal computers and common business applications such as Word, Excel, and Outlook
Exposure to bank core accounting systems, Jack Henry Silverlake preferred
Ability to operate common business equipment such as copiers, printers, and scanners
Above average problem solving and accounting skills
Ability to lift 25 lbs.

Responsibilities

Assist branch personnel with IRAs to ensure transactions and legal documentation are handled correctly
CD/IRA documentation review
Monitor IRA minimum distributions
Process Federal Withholding payments
Ensure correct IRA end-of-year processing and reporting
Respond to telephone inquiries from customers and associates
CIF and account maintenance
Deposit account documentation review
Perform information research requests concerning deposit accounts
Fedline processing
Postal notification address changes / undeliverable mail
Reconcile WIP and interest expense accounts
Process verification of accounts
Process deceased depositor report/verification
Process notice of decedent account status to state
Perform balancing and verification for core banking and exception item processing
Scan, index and QC documentation
Process Canadian checks
Process Domestic and International Wires
Process check and ACH disputes
Verify Holds and Stop Payments
Safe Deposit Box Maintenance
Verification of IOLTA interest transfers
Manage and order supplies and inventory
Prepare outgoing mail to be sent with the Courier
Printing reports and notices
Routinely incorporate compliance (knowledge of laws/regulations) in day to day tasks
Fully capable of fulfilling at least 5 key functions within Deposit Operations without support
Create and update procedures
Minimum of 8 hours of department continuing education on an annual basis
Promote and preserve JBT’s values and culture
Follow Bank policy and procedure to prevent fraud and financial crimes
Other duties as assigned