Payment Processing Specialist
About The Position
The position is responsible for serving as a subject expert for department functions related to processing ACH, ACH Origination, check and wires. Essential Job Functions Performs tasks timely, accurately and limit loss to the credit union. Assigns daily tasks specific to a function assigned by department lead including processing incoming and outgoing wires; processing ACH transactions; check processing; and ACH Origination processing. Assists with reviewing mobile deposit, remote deposit capture exceptions, and ATM exceptions. Completes daily balancing and logging of assigned functions. Assists staff or other financial institutions via the internal ACD line. Assists in preparation of internal and external audits. Ensures all applicable laws and regulations are adhered to for ACH, check and wires, and applicable fees collected. Maintains a working knowledge of Federal Reserve Bank, Share Branching Network, ATM Network Rules, and Regulations, Reg E, Reg J and NACHA regulations. Maintains Credit Union records, documents, and provides accurate information to staff and members upon request. Ensures OFAC processing on all necessary items in conjunction with Account Protection. Performs other job-related duties as assigned.
Requirements
- High School diploma or GED and two (2) years’ experience in a financial institution.
- Knowledge and experience in NACHA rules and Government regulations.
- Knowledge of Regulation E, OFAC and BSA.
- Working knowledge of computers and software applications in Windows, Excel, and Word.
- Ability to type 30 wpm.
- Ability to perform 10-key accurately.
- Ability to read, write, speak, and use proper grammar in English.
- Ability to read and comprehend written instructions, correspondence, memos, and procedure manuals.
- Ability to write business correspondence, write reports and procedure manuals.
- Ability to communicate verbally both in person and on the telephone.
- Ability to speak effectively to members regarding common inquiries or complaints.
- Ability to apply commonsense understanding to carry out detailed written or oral instructions.
- Ability to add, subtract, multiply and divide using whole numbers, common fractions, and decimals.
Nice To Haves
- Experience in back-office processing.
- ACH Accredited Professional (AAP Certified).
Responsibilities
- Performs tasks timely, accurately and limit loss to the credit union.
- Assigns daily tasks specific to a function assigned by department lead including processing incoming and outgoing wires; processing ACH transactions; check processing; and ACH Origination processing.
- Assists with reviewing mobile deposit, remote deposit capture exceptions, and ATM exceptions.
- Completes daily balancing and logging of assigned functions.
- Assists staff or other financial institutions via the internal ACD line.
- Assists in preparation of internal and external audits.
- Ensures all applicable laws and regulations are adhered to for ACH, check and wires, and applicable fees collected.
- Maintains a working knowledge of Federal Reserve Bank, Share Branching Network, ATM Network Rules, and Regulations, Reg E, Reg J and NACHA regulations.
- Maintains Credit Union records, documents, and provides accurate information to staff and members upon request.
- Ensures OFAC processing on all necessary items in conjunction with Account Protection.
- Performs other job-related duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
