Funds Management Specialist

First Bank & Trust

About The Position

This person is responsible for cash application and administration of funds through multiple payment sources in the factoring division as well as various accounting functions. Qualifications: This person should have an associate’s degree, plus four years of related work experience or the equivalent. This person should have a basic understanding of accounting and possess strong communication skills, organizational skills and the ability to use all Microsoft Office applications. Principal Responsibilities: Complete cash application functions. Balance and execute outgoing funds per request to a variety of outside sources, such as ACH, wire, and fuel card providers. Review remittance information and other documents for completeness, validity, and accuracy according to determined policy. Research remittance where carrier information is missing or inaccurate. Assist with accounting functions: Daily factoring trial balance account reconciliations Process foreign payments adjustments, returned non-sufficient funds payments and drafts. Enter various journal entries for funds transfers/credit memos/fee application Audit Ach/Wire templates for update/deletion Upload EOD reports to Banking Ops for reconciliation requirements. Analyze accounts for release letter attainability/account closing. Monitor special accounts and complete loan payments/payoffs. Act in accordance with FBT policies and procedures as set forth in the employee handbook. Adhere to compliance procedures and participate in required compliance training. Compensation Grade Hourly Grade 4 First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email [email protected]. We invest in our people: Our communities have contributed to the success of our business and our families. In turn, this allows us to contribute to the success of our communities. We have remained an independent community institution over the years and employ almost 700 people. Our employees are like family (they’re also part owners). Not only is working for us rewarding, but you’ll also be a part of a positive culture and company that gives back to the community. Our Benefits: Comprehensive Healthcare Benefits Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance. 401(k) & ESOP Profit Sharing Employees are owners. Receive a match of up to 7% of your contributions to your retirement account. Wellness Program The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year. Education Student loan repayment assistance program. Tuition reimbursement. A robust internal training program that goes beyond onboarding. We want you to continue learning. That's why we offer job shadowing, a mentorship program, and more. Volunteer Service Hours Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities. In-house Childcare & Preschool Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees. Our Culture: We value our culture and work hard to keep it top of mind at all times. Employees rally around 9 core principles, creating a collaborative and enjoyable work experience for all. During the onboarding process, all new employees attend a culture camp, which is led by the CEO and the Chairman of the Board. Work for us: Our employees enjoy working together and treat eachother (and customers) like family. Check out our career opportunities, and join a company that cares about its people and community.

Requirements

This person should have an associate’s degree, plus four years of related work experience or the equivalent.
This person should have a basic understanding of accounting and possess strong communication skills, organizational skills and the ability to use all Microsoft Office applications.

Responsibilities

Complete cash application functions.
Balance and execute outgoing funds per request to a variety of outside sources, such as ACH, wire, and fuel card providers.
Review remittance information and other documents for completeness, validity, and accuracy according to determined policy.
Research remittance where carrier information is missing or inaccurate.
Assist with accounting functions: Daily factoring trial balance account reconciliations Process foreign payments adjustments, returned non-sufficient funds payments and drafts.
Enter various journal entries for funds transfers/credit memos/fee application
Audit Ach/Wire templates for update/deletion
Upload EOD reports to Banking Ops for reconciliation requirements.
Analyze accounts for release letter attainability/account closing.
Monitor special accounts and complete loan payments/payoffs.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training.

Benefits

Comprehensive Healthcare Benefits Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance.
401(k) & ESOP Profit Sharing Employees are owners. Receive a match of up to 7% of your contributions to your retirement account.
Wellness Program The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year.
Education Student loan repayment assistance program. Tuition reimbursement. A robust internal training program that goes beyond onboarding. We want you to continue learning. That's why we offer job shadowing, a mentorship program, and more.
Volunteer Service Hours Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities.
In-house Childcare & Preschool Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees.

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