Deposit Operations Specialist II

Company: Midland States Bank
Location: Effingham
Posted on: November 20, 2022

Job Description:

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We're proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.Position SummaryThis position falls within Deposit Operations, the operational unit primarily responsible for:CIF & document managementCIF, account & debit card maintenanceSafe deposit managementException item processing, including the handling of unposted items, NSF items, stops and overdraftsCheck adjustments & chargebacksFraud monitoring - Debit cardDebit cards - disputes and compromised cardsMobile depositsReg D monitoringYear end processingFoxtrot management and ad hoc reportsAuditsCD/IRA managementSweep Repurchase accounts Position AccountabilitiesVerifies maintenance transactions as defined by procedure. Reviews checking, savings, money market, NOW, safe deposit, debit card and CD/Time Deposit standard reports and processes. Inputs corrections for minor issues/discrepancies as discovered.Escalates questionable transactions, unresolved, and recurring issues to management in a clear and timely manner.Validates stop payments added to the system to ensure they are complete; Corrects input as needed.Able to handle the daily processing and balancing of exception items which includes both paid and returned NSF items, unposted items and check adjustments. Able to handle the daily processing of debit card fraud claims. Has a good understanding of Reg E and meets all timeframes as outlined within this regulation.Review daily fraud alerts for potential fraud patterns and trends.Processes mobile deposit corrections and meets timelines for file submission.Processes general ledger and account level monetary transactions as required.Researches and resolves issues that surface on customer deposit accounts. Observes all security, privacy and compliance requirements.Able to support the sweep repurchase product on a daily basis and confirms customer notifications are precise and timely.Monitors excessive transaction activity (Reg D) on deposit accounts and handles violations according to procedure. Creates appropriate customer communications and performs maintenance to accounts as required.Manages year-end processing and reporting which includes escheatment, B notices and tax corrections.Able to develop, publish and run foxtrot scripts as needed. Generates ad hoc reports upon request.Manage requests for audit documentation as needed.Possess good knowledge of CD/IRA core module.Maintains a thorough understanding of the bank's deposit products, deposit transactions codes and other appropriate deposit settings and related functionality.Manages Lawyer Trust Fund reporting. Validates IRA distributions to ensure accurate customer reporting.Assists with conversion process as needed.Assists with the resolution of system/processing issues.Works independently and requires minimum manager oversight.Considered a subject matter expert on one or more bank products.Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).Performs other duties as assigned. Position QualificationsEducation/Experience:Associates degree OR 1-3 years or more of relevant banking experience in related area.Proficient in Microsoft Office Suite. Competencies/Other Skills:Business insightCultivates innovationDrives resultsMakes sound decisionsBeing a brand championCollaboratesCommunicates effectivelyCustomer focusBeing AuthenticEmotional IntelligenceSelf developmentBeing flexible and adaptable If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com. THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
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Keywords: Midland States Bank, Decatur , Deposit Operations Specialist II, Accounting, Auditing , Effingham, Illinois