First Bank & Trust · 1 day ago
Funds Management Specialist
Madison, SD (FFG)
Full-time
Onsite
Mid Level
4+ years expFirst Bank & Trust is a financial institution, and they are seeking a Funds Management Specialist responsible for cash application and administration of funds in the factoring division. The role involves various accounting functions and requires strong organizational skills and communication abilities.
BankingFinancial Services
Responsibilities
Complete cash application functions
Balance and execute outgoing funds per request to a variety of outside sources, such as ACH, wire, and fuel card providers
Review remittance information and other documents for completeness, validity, and accuracy according to determined policy. Research remittance where carrier information is missing or inaccurate
Assist with accounting functions:
Daily factoring trial balance account reconciliations
Process foreign payments adjustments, returned non-sufficient funds payments and drafts
Enter various journal entries for funds transfers/credit memos/fee application
Audit Ach/Wire templates for update/deletion
Upload EOD reports to Banking Ops for reconciliation requirements
Analyze accounts for release letter attainability/account closing
Monitor special accounts and complete loan payments/payoffs
Act in accordance with FBT policies and procedures as set forth in the employee handbook
Adhere to compliance procedures and participate in required compliance training
Qualification
Required
associate's degree
four years of related work experience or the equivalent
basic understanding of accounting
strong communication skills
organizational skills
ability to use all Microsoft Office applications
Company
First Bank & Trust
First Bank & Trust is a banking firm that offers banking, wealth management, and financial services in Massachusetts.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Chris Kreul
Chief Technology Officer
Carrie Wilson
Chief Financial Officer & Chief Operating Officer
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