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Finance and Accounting

ACH Service Specialist Full Time

Description:

  • Balance, facilitate and maintain verification of the processing of files for Stearns Bank ACH Originators.
  • Build and process one-time ACH transactions for SBA Loans.
  • Maintain PIM monthly billing, calculate and process monthly same day billing.
  • Process WSUDs and unauthorized debit transactions.
  • Process Federal Reclamations.
  • Manage recurring ACH set up on the Core (PIM) for exception loan payments.
  • Process Monthly COD Interest Transfer File.
  • Track monthly and annual IATs.
  • Track all originated and received monthly ach entry volumes.
  • Monitor balance fluctuation of FRB Pledged (BIC Program) loans weekly.
  • Research incoming ACH company identification information as needed.
  • Complete SSI and SSA Accuity Verifications.
  • Keep departmental procedures up to date at all times.
  • Responsible for various General Ledger and bank-controlled deposit account reconciliations.
  • Ensure all authorizations, agreements, and contracts are accurate and saved.
  • Monitor, track and process ACH return items, NOC’s, and DNE’s in a timely manner.
  • Create, monitor and update ACH Originators as needed.
  • Download/Upload wires through Fedwire hourly.
  • Download EDI files daily From FedACH.
  • Maintain a solid understanding of all legal and regulatory compliance issues as they pertain to this position.
  • Loss prevention and security as applicable for this position.
  • Complete required training.
  • Assist with the monthly monitoring of largest originators and return percentages.
  • Assist as needed with annual risk reviews for all Stearns Bank ACH originators.
  • Assist with Audit Prep / Receive and monitor annual audit findings and corrections.
  • Assist with Reviewing and Approving wires submitted through Online Banking (Q2) as needed.
  • Provide Backup to Entering and releasing outgoing wires.
  • Assist with Annual Business Continuity Testing as needed.
  • Provide assistance with registering Originators with NACHA as the need arises.
  • Assist with maintaining ACH Programs: PIQS, FED, Treasury Software, Q2 as needed.
  • Perform other duties as requested.

Requirements:

  • Occasionally lift and/or move up to 10 lbs.
  • Ability to understand and follow instructions in English.
  • Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.
  • Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Job Overview