Wire Processor I

First Commerce Bank•Lakewood Township, NJ

18h•Onsite

About The Position

First Commerce Bank provides people, businesses, and communities in our markets with high quality products and services with superior customer service. We will provide products and services through secure, user-friendly technology and customer-friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.

Requirements

Bachelor’s degree in accounting, Finance, Business Administration, or related field preferred; specialized bank finance/accounting education/training.
Proficient in English, reading, writing, grammar, and mathematics skills.
Proficient interpersonal relations and communication skills.
Proficient organizational and process/project management skills.
Proficient leadership, management, and supervisory skills.
Proficient accounting skills.
Knowledge of general ledger accounting and accounts payable.
Proficient PC skills including Microsoft Office.
A minimum of one (1) year’s related experience required.

Nice To Haves

Bachelor’s degree in accounting, Finance, Business Administration, or related field
specialized bank finance/accounting education/training

Responsibilities

Assists the Accounting Department to ensure proper control of Bank accounting and wiring activities.
Performs various accounting duties including assisting with invoices and purchase orders to ensure they are processed timely and accurately with appropriate documentation and approvals.
Ensures wires are processed and documented with appropriate approvals.
Ensures that invoices are properly coded for general ledger and tax reporting.
Communicates with vendors as needed and manages follow-up of needed information.
Researches and resolves invoice discrepancies and payment issues.
Assists with daily set-up and maintenance of all new and existing vendors, coordinating sending/receiving of vendor information for paying of checks, ACH and Direct Deposit.
Maintains file and documentation for company.
Assists with timely receipt of W-9’s and submission of 1099s to appropriate vendors and to the IRS and State.
Responsible for the administration of the Bank’s Wire Transfer System.
Assists with transmission of payment messages, services messages related to all wire transfer functions and transactions.
Ensures all wire transfer transactions are processed in accordance with regulatory requirements and company policies and procedures.
Promotes straight through processing by utilizing knowledge of electronic funds transfer system (WireXchange and Federal Reserve) automation capabilities and requirements.
Completes all transactions by established cutoff times while maintaining high quality and accuracy.
Handles a high-volume, high-risk process maintaining quality standards with adhering to policy and procedures.
Ensures wire inquiries and issues are researched and addressed timely and accurately.
Follows multiple steps to verify all wiring instructions and confirm funds availability per procedures.
Reviews wires for fraudulent scams and red flag suspicious activity and communicates directly with compliance staff.
Consults with head of compliance to investigate suspicious activity before the wire is released.
Maintains a thorough understanding of the Federal Regulations that govern wire transfer transactions including, but not limited to, Reg J, Reg E Dodd Frank, bank secrecy and anti-money laundering laws.
Maintains wire logs for audits.
Assists with the Disaster Recovery for wires annually.
Assists with preparation for various audits and regulatory exams by gathering materials and preparing assigned schedules.
Assists with accounting reconciliations.
Implements strategies to achieve goals assigned to the Accounting Department as established in the Finance Division's annual strategic plan.
Assists in the development of the annual budget for the department and adheres to budget parameters.
Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.; ensures that the department and all personnel adhere to the same.
Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.