About the position
First State Bank and Trust seeks motivated individuals to help our clients and community achieve more. It's a formula that has worked for over 100 years serving the St Croix Valley community. As guides, we work alongside our clients every step of the way, helping them achieve more because we believe achievement is more than a transaction; it's a journey. And this is the same philosophy that extends to our team. By building a culture of care and commitment, we do more to help our employees achieve more. Focusing on development and career growth, we look to guide our employees on their career journey by providing resources to build and strengthen skills and actively give back and support our community through volunteer outreach and engagement. We look forward to welcoming you to our team, so we achieve more, together.
Responsibilities
- Complete assigned Operation’s Daily Checklist Processes
- Process incoming ACH files from the Federal Reserve throughout the day
- Process incoming returns
- Balancing correspondent accounts
- Balancing daily ATM transactions
- Process foreign checks sent for collection
- Print and distribute daily reports and notices
- Balance the prior day's teller totals to ensure all items were processed
- Process NSF items and return items as directed
- Process Payroll and Cash Management files
- Process incoming wires and balance the Federal Reserve account
- Log wires in an Excel spreadsheet for recordkeeping
- Process outgoing wires, both preparing and verifying
- Work with Trust for transfer and wires
- Work with Positive Pay
- Work with Verafin to help combat fraudulent items
- Daily General Ledger posting for miscellaneous transactions
- Daily COMACH file to process Clients' outgoing bank transfers for deposit and loan payments
- Conduct accurate and timely processing of overdrawn accounts after decisions have been made to return or pay
- Send out proper notices to clients who have overdrawn their accounts by the daily deadline
- Review/process rejected items and determine to pay or return item
- Contact Jack Henry for Outlink processing of any paper returns
- Process incoming lockbox for clients who have a contract with us
- Transfer funds for clients before performing sweep
- Post deposits to the appropriate accounts
- Process payments from transfers
- Sweep money from First State Bank and Trust client accounts to Federated Hermes for daily investment
- Handle banking services for assigned clients
- Process incoming wires from the Federal Reserve and United Bankers Bank
- Log daily incoming/outgoing wires in an Excel Spreadsheet
- Send out payrolls for corporate clients and ACHs for regular clients
- Post miscellaneous journal entries to the Bank’s general ledger
- Post general ledger journal entries, such as bond and investment entries, Fed Funds, etc., in a timely and accurate fashion
- Check on flagged debit card accounts with fraudulent activity and resolve issues
- File debit card disputes with clients via in-person or DocuSign
- Complete proper credit for the client
- Complete logs and checklists for monitoring
- Work with other fraud situations that could happen with respect to ACH/Checks/Wires
Requirements
- High School diploma or GED
- Associate's Degree or Business Certificate from an accredited college with courses in business, administration, Accounting, Finance, or related field is preferred
- 1-2 years of related experience in finance or banking industry is preferred
- Previous experience in a related field such as Bookkeeper, Teller, Universal Banker, etc. preferred
- Analyzes data in Microsoft Excel
- Thrives in a small, collaborative team environment
- Maintains current knowledge of Federal and State laws and regulations, as well as industry best practices, including BSA, AML, Patriot Act, CIP, and OFAC regulations and guidelines
- Strong attention to detail and ability to function effectively in an environment with deadlines and shifting priorities
- Evidence of the practice of a high level of confidentiality
- Proven customer service skills and the ability to resolve problems and prevent customer dissatisfaction
- Demonstrated ability to follow company policies, guidelines, and procedures
Benefits
- 401(k) matching
- Profit Sharing
- Dental Insurance
- Vision Insurance
- Disability Insurance
- Employee assistance program
- Flexible spending account
- Health Insurance
- Health savings account
- Life Insurance
- Paid holidays
- Paid time off
