Job Summary
This position is responsible for the daily processing of ACH origination files and ACH receipt files. Confirms and verifies ACH origination files. Investigates and resolves ACH disputes or errors. This position requires knowledge of NACHA rules, and federal regulations relating to ACH transactions.
Receives, processes, and distributes incoming wire transfers. Confirms, verifies and processes outgoing wire transfers. Reconciles wire transfer transactions to general ledger clearing accounts daily. Notifies customers and other company departments of funds wired in or out. Process CDARS and ICS activity. Monitors ACH and Wire Transfers for fraud and investigates any suspicious activity.
Accountabilities
Wire Processing:
- Process incoming and outgoing wire transfers using WireXchange, including online wire requests.
- Proficiently answer branch personnel questions regarding the input and processing of wires.
- Be able to use Fedline to process wires if necessary.
- Confirm and verify the validity of all outgoing wire requests while monitoring for fraudulent or suspicious activity.
- Issue wire transfer receipts.
- Utilize WireXchange to provide compliance reporting.
- Retrieve, review, reconcile and archive daily reports related to Promontory Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) accounts. Post adjusting entries to general ledger, customer records and Promontory as needed.
ACH Processing:
- Confirm and verify ACH origination files. Utilize Q2 RFA to assist with this process.
- Process ACH origination files in an accurate and timely manner.
- Balance files, research and correct discrepancies or suspended files.
- Send and receive files using FEDLine.
- Process incoming ACH files and load them to the core system.
- Process ACH returns, NOCs and stop payments.
- Monitor ACH return rates by originator
- Resolve any disputes, errors, rejects, and deceased transactions.
- Assist internal and external clients with questions concerning ACH transactions, formatting, rules, processing and stop payments.
- Download and process the bill pay file
- Create and maintain transactions in the FTM System, including loan payments debited from other banks.
- Monitors ACH activity for fraud.
Qualifications
The qualifications for this job are as follows:
- An associate degree in Accounting, Finance, Business or related field and/or four years of applicable work experience in the financial, or other similar industries is preferred
- Attention to detail
- Ability to simultaneously handle multiple tasks
- Ability to work independently to complete assigned tasks
- Analytical ability
- Possession of excellent oral and written communication skills
- Ability to maintain the confidentiality of company, employee and customer information
- Proficient with computers and has the ability to learn computer applications and use them to provide efficiencies within this position
We offer the opportunity for career growth and development in a professional and pleasant working environment. We offer a competitive salary and exceptional benefits package including:
- Health Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
- Dental Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
- Health Savings Account
- Life Insurance for the employee and family
- Paid Vacation and Sick Time
- Retirement Plan Options
- Additional Perks and Benefits
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Associate degree in Accounting, Finance, Business, or a related field
- Four years of applicable work experience in the financial or similar industries
- Attention to detail
- Ability to handle multiple tasks simultaneously
- Ability to work independently
- Analytical ability
- Excellent oral and written communication skills
- Ability to maintain confidentiality of company, employee, and customer information
- Computer proficiency and ability to learn computer applications
- Knowledge of NACHA rules and federal ACH regulations
What We Do
As a state-chartered bank, Dacotah Bank provides banking, insurance, mortgage, and trust services to customers who enjoy existing financial relationships with us. We also market these services to prospective customers residing in or doing business from our defined trade area. Dacotah Bank's trade area includes all of North Dakota; all of South Dakota; the following counties in western Minnesota: Becker, Big Stone, Chippewa, Clay, Clearwater, Cottonwood, Douglas, Grant, Jackson, Kandiyohi, Kittson, Lac qui Parle, Lincoln, Lyon, Mahnomen, Marshall, Murray, Nobles, Norman, Otter Tail, Pennington, Pipestone, Polk, Pope, Red Lake, Redwood, Renville, Rock, Stevens, Swift, Traverse, Wilkin and Yellow Medicine; the following counties in Iowa: Lyon and Osceola; and the counties in Montana, Wyoming and Nebraska that are adjacent to North Dakota and South Dakota. On November 10, 2004, employees, stockholders, and customers observed the 40th Anniversary of Dacotah Banks, Inc. (DBI). That same year, the Aberdeen-based bank holding company, owner of a family of community banks and insurance agencies, passed the $1 billion assets mark. Today, the company's banking assets exceed $2 billion. With locations in dozens of hometowns in North Dakota, South Dakota, and Minnesota, the firm employs over 500 employees and serves over 60,000 customers, Dacotah Bank is also one of America’s largest lenders to agriculture and consistently ranks in the top 20.
