Spencer Savings Bank · 13 hours ago
Deposit Operations Specialist II
Elmwood Park, NJ, US
Full-time
Onsite
Mid Level
$52K/yr - $65K/yr
3+ years expSpencer Savings Bank is seeking a Deposit Operations Specialist II to manage daily operational functions related to deposit products and services. The role involves handling exception items, ACH returns, reconciliations, and providing support for various deposit services while ensuring compliance with regulations.
Banking
Responsibilities
Maintain a current working knowledge of all functions of a Deposit Operations Specialist I position, including escrow, RDI, IATs, research, Canadian items, Bonds, wires, returned mail, gift cards and adjustments
Process In-clearings, and ACH Exceptions
Develop and maintain a strong working relationship with Accounting and Core Support areas to ensure quick resolution to ACH processing issues, exceptions, and adjustments
Assist with handling garnishments and subpoenas in accordance with legal due dates and privacy regulations
Prepare daily check deposit cash letter proof including scanning and repair of checks and make adjustments
Provide support for customers on bank Cash Management Services to process NOCs and ROCs and handle Positive Pay exceptions
Review and validate rejected items in OASIS check verification system
Fulfill foreign currency order purchase requests
Process IOLTA accounts and monthly remittance to the IOLTA fund
Act as liaison with Item Processing servicer to ensure timely statement mailings, file transmissions, daily exception item file receipt/processing
Reconcile assigned general ledger accounts monthly
Accurately process domestic and international incoming and outgoing wire transfers initiated from multiple channels including financial centers, internal departments, and via the bank’s online banking system
Process IRA transactions (ex, Transfer requests, decedent accounts, tax form adjustments etc.)
Assist with the daily review of completed IRA documentation for accuracy and compliance to procedures
Assist with the processing of returned mail
Complete fraud case investigations, including but not limited to potential loss, prevented loss, actual loss, and recovered loss
Performs other duties as required
Qualification
Required
High School diploma required, College degree or equivalent related experience
Minimum three years Bank deposit operations required
Strong written and verbal communication skills
Strong time management skills, and attention to detail
Proficiency in Microsoft Office including Outlook, Word, and Excel
Reliability, flexibility, professional etiquette, and sound judgment are important
Strong analytical capabilities to accurately define problems
Must be familiar with standard concepts of deposit compliance regulations
Must be familiar with NACHA regulations, ACH return codes and standard entry codes
Understanding of reconciliation processes and regulatory compliance requirements
Benefits
Holidays
Vacation
Health/Dental
Vision Service Plan
Short Term Disability
Long Term Disability
Life Insurance
Flexible Spending Accounts
401k Savings Plan
Tuition Reimbursement
Employee Assistance Program
Free Employee Checking Account
Company
Spencer Savings Bank
Spencer Savings Bank is a leading New Jersey-based community bank headquartered in Elmwood Park, N.J.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jane Allerman-Rey
President and Chief Operating Officer
George Celentano
EVP, Chief Retail Officer
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