Wire Transfer Specialist I

Merchants Bank•Winona, MN

1d•$21 - $25•Onsite

About The Position

Merchants Bank, Winona, has an opening for a Wire Transfer Specialist I. The hours for this position will generally be Monday through Friday between 8am – 5pm. The Wire Specialist Level I is responsible for assisting with funds management and handling wire transfer functions for Merchants Bank and MFGI. The individual will process outgoing domestic and foreign wires. This role requires thorough knowledge of ACH, Fedline requirements, general ledger accounting and expertise in wire transfers—incoming and outgoing domestic and international wires.

Requirements

1-3 years of banking experience required
Basic understanding of wire transfers and ACH activities
Knowledge of banking systems, products and services
Excellent interpersonal skills required. Ability to work on various duties with interruptions.
Skill in customer relations, such as the ability to respond with sensitivity and sense of urgency to customer needs or requests
Strong planning ability, attention to details, and the ability to work in a self-directed manner.
Proficient in Microsoft Office programs

Nice To Haves

Associate’s degree in business or related field preferred

Responsibilities

Process incoming and outgoing wire transfers, on both a domestic and international basis, Merchants Financial Group, Inc., affiliate bank personnel, as well as downstream correspondent banks.
Set up new social security receipts for customers; return social security for deceased customers.
Compile data for the FR2900 reporting weekly
Answer ACH questions and return ACH items through Fedline.
Reconcile General Ledger Balances
Monitor balances at the Federal Reserve Bank to avoid daylight overdrafts and ensure proper funds management.
Process credit verifications, verification of mortgage, verification of deposit and audit confirms.
Will work with manager on specialist projects and system implementation projects, including testing and error resolution.
Maintain a neat and orderly work area and adhere to customer privacy requirements.
Regular and dependable attendance is an essential function of the job.
Provide exceptional customer experience when assisting internal and external customers.
Employee may be asked to perform other duties as required by business needs.
Employee will be expected to complete compliance and product knowledge assignments in a timely manner.