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ACH Specialist

Description

Job Summary:

The ACH Specialist is responsible for the daily processing of ACH exceptions for Apple Bank’s Accounting Department, in accordance with NACHA rules and guidelines, as well as the department’s policies and procedures. Additionally, this position handles all settlements with the Federal Reserve Bank of New York for three ACH processing windows.

Job Responsibilities:

  • Reconcile ACH files for clearing house advice report.
  • Prepare AM and PM settlements between the Bank and the Federal Reserve Bank of New York.
  • Process daily ACH exceptions including verification and release of ACH payments to meet established cutoff times.
  • Review ACH return transactions.
  • Ensure exceptions are researched properly and processed in a timely manner, including stop payments, stops, and international ACH transactions.
  • Work closely with Branch Operations department in processing ACH exceptions items on a case-to-case basis.
  • Complete OFAC screening for international ACH transactions
  • Coordinate with Financial Crimes Compliance unit regarding updates to OFAC screening methods utilized by the Bank.
  • Process ACH stop payment and ACH swaps.
  • Scan critical documents for record retention.
  • Review originating files for accurate and timely posting
  • Stay abreast of NACHA changes in financial services industry.

Skills/ Education / Experience:

  • 2-3 years of experience working with ACH settlement.
  • High school diploma or GED required.
  • Detail oriented knowledge of ACH return codes and standard entry class codes.
  • Mist have Microsoft Excel skills.
  • Strong organizational and communication skills (verbal + written).
  • Excellent interpersonal skills and must be a team player.
  • Ability to work with little or no supervision while performing duties
  • Ability to adapt and work under deadlines.

Requirements

 

Job Snapshot

Location US-NY-New York
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Other
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Company Overview

Apple Bank

From the remnants of the Civil War, a new America emerged. The country was shifting from an agrarian society to one that was more modernized, and various financial reforms compelled the formation of banks throughout the country. While many of those institutions have disappeared into history, Apple Bank continues to stand strong, tracing its roots to the founding bank that was established in 1863 in the Dutch community of Haarlem, New York. In prosperous Haarlem, a group of men committed to serve the financial needs of their neighbors under the auspices of the Haarlem Savings Bank. The Haarlem of that time would be unrecognizable today, with working farms and undeveloped lots dominating the landscape. In April 1863, these men convened at the Rosenbourgh Haarlem Bridge House, a tavern owned by one of the bank’s first trustees, to finalize paperwork that led to the bank opening its doors in June, about a month before the infamous draft riots tore apart the city. Learn More

Contact Information

US-NY-New York

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Snapshot
Apple Bank
Company:
US-NY-New York
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Other
Store Type:

Description

Job Summary:

The ACH Specialist is responsible for the daily processing of ACH exceptions for Apple Bank’s Accounting Department, in accordance with NACHA rules and guidelines, as well as the department’s policies and procedures. Additionally, this position handles all settlements with the Federal Reserve Bank of New York for three ACH processing windows.

Job Responsibilities:

  • Reconcile ACH files for clearing house advice report.
  • Prepare AM and PM settlements between the Bank and the Federal Reserve Bank of New York.
  • Process daily ACH exceptions including verification and release of ACH payments to meet established cutoff times.
  • Review ACH return transactions.
  • Ensure exceptions are researched properly and processed in a timely manner, including stop payments, stops, and international ACH transactions.
  • Work closely with Branch Operations department in processing ACH exceptions items on a case-to-case basis.
  • Complete OFAC screening for international ACH transactions
  • Coordinate with Financial Crimes Compliance unit regarding updates to OFAC screening methods utilized by the Bank.
  • Process ACH stop payment and ACH swaps.
  • Scan critical documents for record retention.
  • Review originating files for accurate and timely posting
  • Stay abreast of NACHA changes in financial services industry.

Skills/ Education / Experience:

  • 2-3 years of experience working with ACH settlement.
  • High school diploma or GED required.
  • Detail oriented knowledge of ACH return codes and standard entry class codes.
  • Mist have Microsoft Excel skills.
  • Strong organizational and communication skills (verbal + written).
  • Excellent interpersonal skills and must be a team player.
  • Ability to work with little or no supervision while performing duties
  • Ability to adapt and work under deadlines.

Requirements

 
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ACH Specialist Apply now