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Specialist - ODA/Money Transfer Department/Deposit Services Unit/Check Processing

Jersey City, NJ
Intermedia Group has been asked by our client to fill the following position in Jersey City, NJ


 
TITLE: Specialist - ODA/Money Transfer Department/Deposit Services Unit/Check Processing
LOCATION: JERSEY CITY, NJ
TYPE: PERMANENT SALARIED Position with this major bank
SALARY RANGE: $47,000 - $53,000
 
 
OVERALL PURPOSE OF JOB: 
·         To assist the section in fulfilling its objectives, the Incumbent’s functions, ‘in order of importance’, include:
·         Timely and accurate POD & In-clearing Processing
·         Daily, Weekly and monthly customer statements and advices Processing
·         Timely and accurate customer Mail Deposits processing  
·         Check Verification of all checks over $25K
·         Management Reporting
·         Workflow Management and
·         Quality Control. The incumbent is also required to participate in all scheduled required UAT testing related to Check 21 project upgrades and their implementation.
 
RESPONSIBILITIES:
POD & In-clearing Processing
·         Pull In-clearing files for all branches from the FED and fix repairs for proof and submission to systems department for posting to Systematics.
·         Scan checks received for deposit thru Vision IP for NY Branch
·         Coordinate and reconcile all NYB, Chicago and LA Branches POD files for transmission to the FED via Vision IP Axway.
Statement / Advice Processing
·         Build Recon Database, Create Statement PDF for transmission to FSSI.
·         Create PanAm CMS Statement PDF and CMS Billing PDF
·         Daily reconciliation of advices transmitted to FSSI
·         Monthly printing, folding and mailing of Customer Account Analysis (CAA) statements
Mail Deposits
·         Process daily mail deposits, ensuring all processing requirements are satisfactory fulfilled, (e.g., verifying account name and number correspond).
·         Coordinate with branches in the resolution of identified discrepancies. Track and ensures inquires are resolved within prescribed time frames.
·         Maintain Log used to track accounts that do not have preprinted deposit slips.
Antinori (Fraud Detection)
·         Review and Analyze checks presented for payment reflected on ASI report for Suspicion of Fraud.
·         Refer suspect checks to Front Office for disposition.
·         Track and ensure referred items are resolved within prescribed time frames.
Deposit Returns
·         Download and print Deposit Returns PDF from the Fed.
·         Notify Front Office of Deposit Returns for Disposition.
·         Settle Deposit Returns via MDDV transaction between Customer’s account and Fed.
On Us Returns
·         Obtain instructions from Front Office of referred Check Verification/Antinori Check Suspects to be returned to the BOFD thru Fed.
·         Create Cash Letter for Transmission to the Fed via Axway.
·         Settle On-Us Returns via MDDV Transaction between Customer’s account and Fed.
·         Notify the Bank of First Deposit thru EARNS Notification for checks $2,500.00 and greater.
Check Verification
·         Perform the signature verification process, ensuring that: (a) signatures match the Bank’s signature verification file and (b) identified discrepancies are resolved and reported – in accordance with established procedures.
·         Conduct the ‘check review process’ identifying and promptly reporting discrepancies related to: (a) numerical and written dollar amounts; (b) encoded bar; (c) endorsements and (d) “stale dates”.
Management Reporting
·         Prepare required statistical reports, providing Management with data necessary for (a) evaluating productivity, efficiency and quality, and (b) implementing revised and/or new practices for correcting identified problems (c) Transfer Pricing.
Workflow Management
·         Identify, report, and resolve identified discrepancies – in accordance with established procedures.
·         Identify process and procedural related issues that may encumber efficiency; implement and monitor cost-effective ‘action plans’ designed to resolve said issues.
·         Respond to Mail Deposit inquiries, ensuring timely resolution of reported issues.
Quality Control
·         Foster and maintain emphasis on our “Power of Teamwork” - BEST ongoing initiative. Document accomplishments.
 
 
EXPERIENCE/ABILITIES:
·         Minimum 3-5 years back office operations experience.  
·         Proficiency in MS Word and Excel.
·         Strong Accounting Skills.
·         Knowledge of Check 21 Vision IP Processing
 
EDUCATION:
·         High School Diploma
 
 
If you are interested in pursuing this opportunity, please respond back and include the following:
 
• Full MS WORD Resume
• Current and required compensation
• Current contact information
• Availability
 
Upon receipt, one of our managers will contact you to discuss the position in full detail.
 
 
David Trinidad
Intermedia Group
​​​​​​​David@intermediagroup.com  
Corporate Web Site: www.intermediagroup.com

 
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