Deposit Operations Specialist

Signal Financial Federal Credit Union•Kensington, MD

18h•Hybrid

About The Position

The Deposit Operations Specialist is responsible for performing functions within the Deposit Operations area. Primary duties entail processing wires, ACH, In-clearing, Remote Deposit Capture (RDC), branch deposits using the Federal Reserve Bank's FedLine Advantage solution, and backup withholding reconciliation. This position requires great attention to detail, timeliness, accuracy, and collaboration with other departments within the Credit Union. The position is located at Kensington, MD headquarters. The role is hybrid, in office Tuesdays, Wednesdays, and Thursdays.

Requirements

High school diploma or equivalent; college-level or technical accounting work desired
Two to five years of bank operations experience including deposit operations, wire transfers and ACH/share draft, prior credit union experience preferred
Knowledge of regulations such as Regulations E, D, J, UCC, CC, DD as well as ACH rules, check processing Rules, Wires, BSA and other pertinent compliance regulations
Proficiency in Microsoft Office
Strong attention to detail, ability to manage multiple tasks and to meet deadlines
Strong verbal and written communication skills
Attend job related webinars, seminars and workshops as required

Nice To Haves

prior credit union experience preferred

Responsibilities

Perform all functions related to ACH transactions including daily balancing
Process incoming and outgoing wires
Perform all functions related to share draft processing including daily balancing
Prepare and remit remote deposits (RTP and RDC)
Process returned checks, cash letter adjustments and foreign deposit items
Process Check21 through Fiserv
Process check bank deposits for the Accounting and Collections departments
Process stop payments, reclamations, and other ACH adjustments
Process ATM reconciliation
Prepare and complete journal entries for daily activity
Prepare and submit the 945a Annual Record of Federal Tax Liability
Perform reconciliations of designated general ledger accounts
Provide department statistics for month-end reporting
Support teammates throughout the organization in addressing member inquiries as it relates to deposit operations
Work collaboratively to maintain efficient and effective procedures
Acquire thorough understanding and application of policies, procedures and regulations pertaining to Deposit Operations and electronic payment processes including wire, ACH and treasury management services
Assist with projects and assignments as directed by the Deposit Operations Supervisor and/or the Controller