Hiring Range: $19.33 - $28.95
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
The primary function of the Operations Processor III is responsible for the maintenance and investigation of ATM/Debit card claims in compliance with UDAAP and Regulation E. Maintaining ATM/Debit Card mailings and all other ATM/Debit Card claim related processes.
Responsibilities include, but are not limited to the following:
- Processing customer error resolutions in compliance with Regulation E.
- Ensuring when applicable provisional credit is provided to the customer within 10 calendar days of the customer report date and final credit is applied to the customer within 45 calendar days.
- Communicate with customers throughout the claims process in writing and by phone ensuring regulatory timescales are consistently adhered to.
- Administer and manage disputes, process re-presentments and chargeback entries.
- Renumerate customer accounts utilizing scripts to post transactions pertaining to all card claims.
- Ensure prompt and timely processing of ATM/Debit card non posted transactions.
- Work collaboratively across all business areas to investigate all claims received by the bank to mitigate financial loss.
- Undertake trend analysis to understand claim trends and present findings to management and all key stakeholders.
- Responsible for the monitoring, recording, and safekeeping of all returned ATM and Debit Cards.
- Act as an inquiry escalation point and provide claim related guidance to other areas of the business.
- Support with the processing and maintenance of all deposit products across the full operations area.
- The successful candidate will make informed decisions using data and evidence gathered throughout their investigations whilst following our internal processes and procedures.
- The individual will posses critical thinking skills and be able to understand complex issues, whilst ensuring an extremely high standard of work and output is always achieved.
Qualifications: Education and Experience:
- High School Graduate with a minimum 3 - 5 years banking experience.
- Skills/Knowledge:
- An understanding of Regulation E and how it impacts both our consumers and our business.
- Posses the ability to perform in a fasted paced, high demand, environment whilst balancing multiple priorities.
- Excellent written, verbal and interpersonal communication skills.
- Proficient in Microsoft Office (Word, Excel, and Outlook).
- Ability to work effectively in a team environment across all organizational levels, demonstrating flexibility, collaboration, and adaptability.
- Capability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Skills Required
- High school diploma
- 3-5 years banking experience
- Understanding of Regulation E and UDAAP
- Proficient in Microsoft Office (Word, Excel, Outlook)
- Excellent written, verbal and interpersonal communication skills
- Ability to work effectively in a fast-paced environment, prioritize, and meet deadlines
- Ability to work effectively in a team across organizational levels, demonstrating flexibility and collaboration
- Critical thinking skills and ability to investigate and resolve complex issues accurately
Eastern Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Eastern Bank and has not been reviewed or approved by Eastern Bank.
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Retirement Support — A defined‑benefit pension layered with a 401(k) and ESOP/cash‑balance elements creates uncommon depth for long‑term wealth building. This retirement stack differentiates the total package versus many regional banks.
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Equity Value & Accessibility — An employee stock ownership plan adds equity participation alongside core pay and benefits. IPO‑related share allocation underscores the program’s role in total rewards.
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Inclusive Benefits Coverage — Long‑standing LGBTQ+ support and sustained recognition for equality practices indicate benefits parity such as equal partner coverage. Employee networks and an inclusion focus are positioned as integral to the overall benefits experience.
Eastern Bank Insights
What We Do
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency
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