Point West Credit Union · 12 hours ago
Payment Systems Specialist
Point West Credit Union
Full-time
Onsite
Entry Level
2+ years expPoint West Credit Union is seeking a Payment Systems Specialist to ensure the efficient functioning of payment systems processes. The role involves processing, reconciling, and balancing various payment transactions, as well as resolving any irregularities in a timely manner.
FinanceFinancial ServicesInsurance
Responsibilities
Monitors daily cash flow within guidelines set by the CFO and makes necessary transfers from 'cash' accounts. Provides daily transaction and balance register of corporate accounts for the CFO’s review of activity and review of cash balances. Coordinates with Catalyst Corporate Credit Union on transaction irregularities and software changes to ensure accuracy on all money accounts
Recaps, records, and balances daily transactions affecting the general ledger. Compiles and posts to the general ledger. Identifies and records daily bank balances. Records daily miscellaneous bank deposits. Reconciles bank statements and coordinates with other departments to resolve posting adjustments
Performs various member related tasks such as deposited checks returned as NSF and billpay file processing
Writes procedures of task-oriented processes for all payment systems functions to ensure consistency of task completion and provides written documentation for others periodically covering duties
Prepares and posts journal vouchers. Verifies totals for accuracy and makes adjusting accounting entries
Balance the credit union’s check register and monitor corporate check clearing
Performs research of financial data to prepare reports detailing results of research conducted as requested
Prepares quarterly general ledger account certifications
Share Draft and ACH processing
Coordinates with third party vendors on any data malfunctions to assure they are rectified immediately. Coordinates with other staff members on issues including but not limited to suspected payment systems kiting or fraud, and ATM errors
Monitors, investigates, and solves situations involving payment systems fraud within guidelines. Responsible for identifying, reporting, properly investigating and resolving all situations involving payment systems fraud within established banking regulations. Files bond claims
Makes ATM and cardholder adjustments daily as necessary. Researches, analyzes, and coordinates with vendor and IT Department any data irregularities
Scan all department documents, accounts payable, or other scanning items
Supports the accounting department as needed
Backup for Operations department daily card operations
Qualification
Required
Successful completion of high school mathematics and grammar in order to prepare general ledger entries and prepare written business correspondence
Must demonstrate knowledge of generally accepted accounting principles and data processing through education and job experience
Must understand credit union accounting in general and particularly what comprises assets, liabilities, equity, income and expense and how each is used to accurately record credit union activities
Must be mathematically oriented with ability to calculate interest rates, work ratios, and accurately balance a variety of reports
Must exercise considerable discretion in handling telephone calls, sensitive information
High school diploma or equivalent required
A minimum of 2 years of similar or related experience within an appropriate industry
Preferred
Undergraduate degree preferred
Company
Point West Credit Union
Point West Credit Union is 100% not-for-profit, member-owned awesomeness headquartered in Portland, Oregon.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$3.72MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $3.72M
Leadership Team
Amy Nelson
CEO
Sarah Fergason
Chief Financial Officer
Company data provided by crunchbase