Payment Processing Specialist

Description

Job Title: Payment Processing Specialist

Department: Payment Processing

Report To: Finance Manager /Vice President - CFO/EVP/President-CEO 

Classification Code: Non-Exempt

General Purpose

Performs a variety of duties to support finance and accounting services.

Essential Duties/Responsibilities

1. Assist in accounts payable functions, including dealing with vendors, Ach origination, cutting checks and resolving disputes.
2. Responsible for all posting and reimbursements on Corporate Visa reimbursements, employees and Security Guards
3. Answers staff inquiries and helps solve routine problems.
4. Researches members’ accounts from information given by other departments.
5. Reviews check register daily for errors or exceptions
6. Process allocations daily
7. Post transact, outside department daily vouchers and manual vendors
8. Prepares return items to the share draft processor daily.
9. Confers with all members on share draft account problems that cannot be resolved through the Phone Center.  
10. Integrates COB7 daily into Acumatica.
11. Ordering & disbursing various merchandising inventories.
12. Posts Select Employee Group payroll direct deposits.
13. Assumes responsibility for accurate check processing, including return deposits, large item notifications, overdrawn letters, share draft exceptions, share draft adjustments, stop payments and check collections.
14. Processes ACH transactions within NACHA and federal guidelines, to include posting of ACH exceptions, and process stop payments, unauthorized requests, research and disputes, reclamations, notification of changes, and death notifications.
15. Batch IQQ and remit payments for IWS and Gap
16. Process and update various OOPS functions assigned on a daily basis
17. Post daily, weekly or monthly basis, loan charge offs, Oops charge offs, and savings charge offs
18. Reports activity of charge off accounts or payments to FirstPoint and Chexsystems
19. Process all commercial money orders, incoming and outgoing wires to include recording information on wire log

20. Monitors ISE scheduler for ACH, SWBC, and mobile deposits to ensure proper posting of files and exceptions

21. Participates in the Community Involvement goals of the credit union.

22. Responsible for completing Information Security Awareness training as directed by management.

23. Responsible for complying with GLBA, Safe Act, Regs B, D, E, CC, Z and other regulatory requirements.

Additional Duties/Responsibilities

1. Maintains a working knowledge of all credit union services and support tools in order to increase efficiency of operations, (e.g., personal computers).
2. Handle all cash letters, NOIs, and Catalyst adjustments as needed
3. Move stale dated checks to unpresented
4. Performs additional duties as directed by management.
5. Researches member problems and requests for copies of checks.
6. Responsible for completing Suspicious Activity Reports, when necessary, according to BSA/AML policies and procedures.
7. Perform other duties as directed by management.

Requirements

This position requires a high school diploma or the equivalent. In addition, the position requires formal training in bookkeeping and at least one year of credit union experience in another capacity.

Supervisory Responsibilities

None.

Work Environment/Physical Activities

Job requires limited physical effort. It is basically a desk assignment. The job does call for a high degree of mental concentration and the ability to handle multiple tasks simultaneously. The job requires a degree of attention to details to ensure accuracy of accounting records. Must be deadline oriented.

Job requires access to credit union’s network and core data processing system. Core system roles are assigned by Divisional Vice President.