ICS/CDARS/NBID Deposit Specialist

Description: Who We Are

With an emphasis on commercial real estate and small to medium sized businesses, we partner with organizations to help them be successful by providing highly customized banking solutions. Organizations bank with us because of our entrepreneurial and empathetic spirit, speed to serve and deep connection to our market. And they trust us.

Position Overview

Under immediate supervision of the Controller, the Reciprocal Deposits Specialist is responsible for supporting the Bank's reciprocal deposit programs and related deposit operations. This position performs monitoring, reconciliation, and reporting of reciprocal deposit activity while ensuring transactions are completed accurately and timely and in accordance with the Ban’s policies, procedures, and regulatory requirements.

Essential Job Functions

• Monitor daily reciprocal deposit activity, account balances, and program reports to identify discrepancies, exceptions, or unusual activity
• Review reciprocal deposit activity for accuracy and completeness
• Complete daily and periodic reconciliations of reciprocal deposit accounts and associated general ledger accounts
• Research reconciliation differences, transaction exceptions, and other discrepancies and coordinate with appropriate internal teams for resolution
• Maintain accurate records and supporting documentation related to reciprocal deposit accounts, balances, activity, and reconciliations
• Prepare and maintain recurring reports related to reciprocal deposit balances, activity, reconciliations, exceptions, and other program information.
• Serve as a resource for internal business partners by responding to questions and assisting with research related to reciprocal deposit accounts and activity
• Support internal and external audits and regulatory examinations
• Maintain an understanding of the Bank’s reciprocal deposit products, processes, systems, and procedures
• Assist in identifying opportunities to improve monitoring, reporting, reconciliation processes, internal controls, and overall operational efficiency
• Ability to maintain confidential information
• Comply with all applicable Bank policies and procedures, internal controls, and regulatory requirements
• Other duties as assigned

Requirements

• Bachelor’s degree in accounting, finance, or equivalent experience preferred
• Proficiency with Excel, Word and other reporting software
• Prior experience in banking, deposit operations, finance, accounting, or a related operational environment preferred.
• Experience with reciprocal deposits, deposit operations, or bank reconciliations preferred
• Ability to multi-task and work in a fast paced environment
• Strong analytical skills with emphasis to attention to detail

Physical Demands

While performing the duties of this position, the employee is in regular communication, is required to use various tools or objects, and have the mobility to move about the office. The employee occasionally lifts and/or moves objects up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.

Other Duties

The purpose of the job description is to outline the duties and responsibilities for which the position is held accountable. The job description does not restrict the right of management to change, alter or reassign duties at anytime with or without notice.

EEO Statement

It also prohibits retaliation for engaging in protected activity, such as filing a discrimination or harassment complaint or participating in an EEO investigation. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.

Salary Description

$65,000-$75,000/annually