Research and Adjustments Associate

SoFi•Cottonwood Heights, UT

About The Position

Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world. The role The Research and Adjustments Associate is responsible for investigating and completing transaction research requests made by internal SoFi staff and SoFi Members for various transactions. Types of transactions that may require research and adjustments include but are not limited to ACH, Wires, Zelle, Debit Card and Credit Card. Additionally, the Research and Adjustments Associate will complete member follow-up on research requests to ensure issues are resolved meeting regulatory timelines. Daily responsibilities will cover various functional areas such as: analyses, report generation, transaction processing, data entry, monitoring automated file processing, assisting with daily settlements and G/L(General Ledger) reconciliation, consistently meeting processing deadlines, and resolving operational issues to ensure exceptional member service to SoFi’s member base. As part of a dynamic team, Back Office representatives provide quality service and effective and efficient operational support for the assigned area’s internal and external business partners as well as providing advice and assisting with training for less experienced team members. Individuals at this level are expected to use some independence of thought but to refer more complex problems to department management. The hours of the position will be 8:00am – 5:00pm, Monday through Friday. These hours may change as volumes adjust to meet daily deadlines.

Requirements

High school diploma – required
Minimum of 1 year of relevant banking operations experience
Ability to analyze data while demonstrating exceptional attention to detail and accuracy
Proven ability to work independently, prioritizing tasks in order of importance to meet deadlines
Proven excellent problem-solving skills
Solid written and communication skills
General accounting knowledge

Nice To Haves

Knowledge of ACH, Banking Transactions is preferred but not required
Deep understanding of how the financial world works

Responsibilities

Complete research requests for internal staff and customers with a high sense of urgency including meeting service and communication standards
Manage member follow-up on research and/or follow-up items as requested by members or partners within the bank including transaction research on ACH, Wires, Zelle and Debit Card, Credit Card etc.
Complete member callbacks as needed to ensure the resolution of member issues
Perform account maintenance which could include account closing/reopen
Work in partnership with the fraud team on fraud issues including account takeover
Ensure SOPs are accurate, assist with updating procedures or process maps as needed
Leverage analytical skills to problem-solve member issues and to escalate issues that may relate to a bank incident or issue
Assist front-office staff with questions so they can, in turn, assist our members
Assist with posting, incident, and settlement issues, as needed
Assist in strategic planning and implementation of processes to meet business goals
Review and process transactions pertaining to banking operations services
Maintain internal operational and financial controls to ensure that they meet banking standards
Proactively identify ongoing issues within operations and attempt to resolve them on an immediate basis so that they do not affect the member-organization relationship
Other duties as assigned