Under general supervision, and in accordance with established policies and procedures, perform a broad variety of functions within the Payment Systems Department. Responsible for processing daily activity on Fed line Advantage and wires. Processes members electronic fund transfers (EFT's) and paper direct deposits. Preparation of daily cash letter (Check 21) and processing Federal Reserve check exceptions (fmcad11). Efficient and accurate daily operations of check processing and disposition of overdrawn/stop payment member checks. Responsible for processing ATM/Visa Check card charge backs, exception items, redemption points, and ordering of Visa Check Cards. Responsible for researching incoming CHRIS alerts for potential fraudulent plastic card activity.
(E) Essential or (N) Nonessential
25% Take necessary steps to electronically receive, post and send all EFT and wire items to and from the Federal Reserve. Process member EFTs and paper direct deposits. E
20% Review overdrawn member checking accounts for paying/returning checks or closing accounts and notify members of disposition of accounts. Initiate collection procedures on negative member accounts. E
5% Accurate and timely preparation of the Cash Letter for transport to the Federal Reserve. E
10% Maintain member accounts. E
15% Accurate and timely ordering of Visa Check Cards to include the processing of Visa Check Card renewals. Accurate and timely processing of ATM/Visa Check Card Charge backs and exception items. Accurate and timely processing of Visa Check Card redemption points. Accurate and timely disposition of CHRIS alerts received on possible fraudulent activity on plastic cards. Assist in researching Visa Check Card member discrepancies. E
5% Accurate and timely handling of all returned checks of first deposit and initiate collection procedures on all returned checks of first deposit. E
5% Update, generate, monitor, and complete the daily balancing of the Credit Union's Federal Reserve account. Transfer funds as required. E
5% Maintain and balance a variety of subsidiary general ledger accounts. Charge the member account for penalties, fees and amounts due ensuring that proper documentation, authorization and an acknowledgment are being prepared. E
5% Accurate and timely completion of research and reporting for all Federal Reserve adjustments. E
5% Perform other duties and responsibilities as required or assigned and assists others to complete tasks and work assignments. N
Process accurately and according to operation procedures and timelines: first deposit return checks, ordering Visa Check Cards, Visa charge backs and exception items, negative balance member share accounts, incoming and outgoing Federal Reserve wires, Western Union wires, EFT and paper direct deposits, Federal Reserve adjustments, member checking account clearings and returns and first deposit check images to be transported to Federal Reserve.
Review and balance as directed all assigned general ledger and Federal Reserve accounts.
Provide accurate information to staff members and members (as required).
Accomplish all major duties and responsibilities according to Credit Union policies and procedures, and federal and state laws and regulations.
In an atmosphere of trust, provide professional, prompt, courteous, and friendly service to internal and external members at service levels set by Credit Union.
Comply with all Credit Union corporate expectations such as, but not limited to: maintain member confidentiality, adhere to Attendance and Punctuality Policy, adhere to Credit Union security policies, attend required meetings, training sessions and participate in assigned committees as required.
Payment System Associates exhibit excellent teamwork, working cooperatively with strict accountability for the department timelines. Payment System Associates exhibit the ability to work independently, organizing work to meet timelines of job function. The Payment Systems Associate also exhibits patience and empathy, and is responsive when dealing with staff members. The Payment Systems Associate maintains functional procedures that ensure compliance with both federal and internal requirements. The Payment Systems Associate is able to think creatively in all situations, and have the motivation to take initiative as appropriate.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
High school diploma or equivalent and up to one year of similar or related experience. Prefer experience processing wires and ACH items. Must have very strong computer skills such as Word, Excel and the ability to navigate the Internetwith the ability to learn new software; proficient with common office equipment such as, but not limited to 10-key calculator, copier, fax machine, and telephone. Must be able to learn and use the Credit Union's core data processing system for input/output transactions. Such usage includes, but is not limited to, retrieval of information, printing out individual account documents, inputting data, updating information, special access to certain fields, and general maintenance of credit union records. Must be able to perform repetitive work, continuously performing the same work according to set procedures and sequence of pace.
Must be detail oriented and able to perform under stress when confronted with unusual situations in which working speed and sustained attention are critical aspects of the job. Must display good time management and organizational skills. Must be able to handle multiple tasks simultaneously. Must be able towork a flexible schedule to correspond with variable workload.
1. REASONING ABILITY:
Ability to collect data, establish facts and draw valid conclusions. Ability to effectively analyze and make decisions. Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in or from standardized situations.
2. MATHEMATICAL ABILITY:
Ability to work with mathematical concepts such as addition, subtractions, multiplication and division. Ability to perform arithmetic operations with coins as part of a dollar. Ability to compute ratios, rates and percentages.
3. LANGUAGE SKILLS:
Ability to deliver, understand and apply the English language to problem solving situations. Ability to exchange information with others clearly and concisely, to present ideas, facts and technical information. Ability to read, analyze and interpret general technical procedures. Ability to write and respond to instructions and routine correspondence. Skilled in preparing and maintaining records.
4. INTERPERSONAL SKILLS:
Ability to effectively respond to individual members and the general public. Ability to listen effectively.
Responsible for the accurate and timely completion of all job duties listed in the Job Descriptions in compliance with all Credit Union policies and procedures. The staff member is expected to follow instructions; receive guidance and supervision; follow work rules, safety practices, work procedures; meet deadlines; observe punctuality and attendance standards, present a professional appearance, cooperative attitude, and pleasant demeanor.
6. PHYSICAL DEMANDS:
Ability to use full range of body motion including manual and finger dexterity and hand-eye coordination. Regularly required to use the hands to finger, handle, or feel/discern objects, tools, or controls, such as, but not limited to: personal computer, typewriter and 10-key calculator. Must occasionally lift and/or move up to 10 pounds. The position requires hearing to normal range. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
7. MENTAL DEMANDS:
While performing the duties of this job, the employee is continuously required to be alert, remember a significant amount of details, concentrate, exercise judgment, read, write, reason, and take initiative to start and complete tasks, and exercise patience. Problems encountered are relatively simple in nature, requiring some analysis or research to determine the best solution from a limited number of prescribed options.
8. WORK ENVIRONMENT:
Normal office environment where there is little physical discomfort due to temperature, noise and dust. A staff member may be involved in a potentially hazardous situation (i.e., robbery). Detailed instructions and procedures are provided to minimize the robbery risk. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
INTENT AND FUNCTION OF JOB DESCRIPTIONS: Disclaimer: Job descriptions are not intended as and do not create employment contracts. The above information on this description has been designed to indicate the general nature and level of work performed by staff members within this classification. Only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded.
Requirements, skills and abilities included have been determined to be the minimal standards required to successfully perform the position. In no instance, however, should the duties, responsibilities and requirements delineated be interpreted as all-inclusive. Supervisors as deemed appropriate may assign additional functions and requirements. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of staff members assigned to this job. Nothing in this description should be considered as a contract or promise, expressed or implied, to staff members that perform any or all the duties described above. The Credit Union maintains its status as an at-will employer. Staff members can be terminated for any reason not prohibited by law.
Texell CU - 22 months ago
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