Sr Deposit Ops Spec
Chesterfield, MO 
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Posted 11 days ago
Job Description
Position Details

Senior Deposit Operations Specialist

This position is for an experienced processor in Deposit Operations who is responsible for functions within Bookkeeping and Account Services, but who may also be assigned responsibility for any of the following areas including ACH, Wire Transfer, Commercial Account Analysis, Unclaimed Property, or IRA processing.

  • Perform multiple functions such as: Chargebacks, non-post items, Stop Payments, Posting Transfer Request processing and balancing.
  • Perform multiple functions such as: Account maintenance, CIF maintenance, Missing TIN monitoring, and branch assistance.
  • Perform multiple functions such as: originating and receive ACH files, ACH Disputes, Balancing and handling escalated and more complex ACH issues and transactions.
  • Perform multiple functions such as: creating and reviewing outgoing wire instructions through multiple channels, monitor and review incoming wires, balancing, wire investigations and provide support and information to internal and external customers on routine matters.
  • Performs all functions related to IRA processing including IRS tax forms corrections, Required Minimum Distributions and all First Form IRA distribution forms. Receive phone calls from internal and external clients regarding a wide variety of IRA RMD and Federal Withholding questions as well as problems or requests that pertain to IRA functions performed by Account Services.
  • Maintain Commercial Account Analysis software with customer information provided from requests submitted to the First Forms database. Requires accurate interpretation of all requests and accurate entry into the software. Also includes balancing, running and updating queries and complete all monthly reposting of charges and volumes.
  • Handles telephone calls from branches and business units, regarding a wide variety of questions and any issues that may have occurred.
  • Responsible for identifying, reporting, and remitting accounts, safe deposit box contents and/or financial instruments that have become dormant and are subject to escheatment in accordance with the unclaimed property laws in effect for all fifty states, the District of Columbia, and U.S. Territories.
  • Perform Due Diligence mailings prior to reporting in an attempt to make contact with account owners and update accounts accordingly.
  • Handles telephone calls, emails, and mail correspondence from clients, State Unclaimed Property Divisions, and branches regarding reporting, claims, and various other escheatment questions.
What Do You Need for this Position?
  • High school diploma or general education degree (GED); two years related experience and/or training preferred; or equivalent combination of education and experience.
  • In house experience of two years or more in any of the above areas or advanced knowledge in one or more areas.
  • PC proficiency in Word and Excel; 10 key by touch' is preferred.
  • Multi-lingual, a plus
  • U.S. Military Veterans are encouraged to apply
About Us

Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.

Diversity

At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.

First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.

At First Bank, we embrace a hybrid work environment which allows employees to work at an alternative location depending upon the needs of their job and team. The in-office days are designed to inspire increased collaboration, development, productivity, and quick decision making.

Hybrid schedule for this role includes at least four full days in our Creve Coeur office with more or all in-office days expected of our client facing teams and the groups that support them in the business.

Additional Details

None

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
2+ years
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