Reciprocal Deposit Specialist
About The Position
The Reciprocal Deposit Specialist supports Five Star Bank’s reciprocal deposit programs and related deposit operations. Under the immediate supervision of the Controller, the position monitors, reconciles, and reports reciprocal deposit activity to help ensure transactions are accurate, timely, and compliant with Bank policies, procedures, and regulatory requirements. The role also maintains documentation and recurring reports, researches discrepancies and exceptions, assists internal business partners, and supports audits and regulatory examinations. The specialist helps identify opportunities to improve monitoring, reporting, reconciliation processes, internal controls, and operational efficiency while protecting confidential information and complying with applicable requirements.
Requirements
- Proficiency with Excel, Word, and other reporting software.
- Ability to multitask and work in a fast-paced environment.
- Strong analytical skills and attention to detail.
Nice To Haves
- Bachelor’s degree in accounting, finance, or equivalent experience preferred.
- Prior experience in banking, deposit operations, finance, accounting, or a related operational environment preferred.
- Experience with reciprocal deposits, deposit operations, or bank reconciliations preferred.
Responsibilities
- Monitor daily reciprocal deposit activity, account balances, and program reports to identify discrepancies, exceptions, or unusual activity.
- Review reciprocal deposit activity for accuracy and completeness.
- Complete daily and periodic reconciliations of reciprocal deposit accounts and associated general ledger accounts.
- Research reconciliation differences, transaction exceptions, and other discrepancies, and coordinate with appropriate internal teams to resolve them.
- Maintain accurate records and supporting documentation related to reciprocal deposit accounts, balances, activity, and reconciliations.
- Prepare and maintain recurring reports related to reciprocal deposit balances, activity, reconciliations, exceptions, and other program information.
- Respond to internal business partner questions and assist with research related to reciprocal deposit accounts and activity.
- Support internal and external audits and regulatory examinations.
- Maintain an understanding of the Bank’s reciprocal deposit products, processes, systems, and procedures.
- Assist in identifying opportunities to improve monitoring, reporting, reconciliation processes, internal controls, and operational efficiency.
- Maintain confidential information and comply with applicable Bank policies, procedures, internal controls, and regulatory requirements.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
