Reciprocal Deposit Specialist
Five Star Bank•Roseville, IL
•$65,000 - $75,000•Onsite
About The Position
Under immediate supervision of the Controller, the Reciprocal Deposits Specialist is responsible for supporting the Bank's reciprocal deposit programs and related deposit operations. This position performs monitoring, reconciliation, and reporting of reciprocal deposit activity while ensuring transactions are completed accurately and timely and in accordance with the Ban’s policies, procedures, and regulatory requirements.
Requirements
- Proficiency with Excel, Word and other reporting software
- Ability to multi-task and work in a fast paced environment
- Strong analytical skills with emphasis to 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 for resolution
- 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.
- Serve as a resource for internal business partners by responding to questions and assisting 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 overall operational efficiency
- Ability to maintain confidential information
- Comply with all applicable Bank policies and procedures, internal controls, and regulatory requirements
- Other duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
