EFT Specialist I - Temp (3-6 Months)

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For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work. Teachers offers a variety of exciting career opportunities ranging from part-time and full-time staffers to executive leadership roles.

Summary:

The EFT Specialist I is responsible for posting and reconciling the daily EFT - Automated Clearing House (ACH) and Wire Transfers settlement and processing functions of the Credit Union.

Qualifications and education:

• Associates Degree in accounting, finance, legal, I.T., or completion of a specialized course of study at a business or trade school required.

• Minimum of one year of experience as an FSR or other financial services experience with EFT knowledge, with emphasis on ACH forms and related policies required.

• Accounting skills and knowledge of general office procedures.

• General knowledge of NACHA and Greenbook rules and regulations and Wire Transfer compliance is preferred.

• Proficiency in MS Office applications (Word, Excel).

Job Duties:

• The primary focus of this position is to ensure the accurate and timely processing of both the ACH files and Wire Transfers (incoming and outgoing) while adhering to regulatory and credit union policy and procedures.

• Processes and transmits ACH received and originated files inclusive of same day transactions, errors and exceptions, reversals and returns. Meets established deadlines for ACH processing windows. Balances and reconciles ACH files and related general ledgers.

• Processes ACH death notifications and reclamations, adhering to NACHA and Green Book regulations.

• Processes ACH unauthorized claims ensuring Regulation E compliance.

• Reviews and processes indemnity letters and trace requests.

• Reviews, verifies, and maintains member ACH forms inclusive of originations, revocations, stop payments, and written statements of unauthorized ACH activity. Assists members and Teachers staff with the completion of these forms, and corresponds by email or e-ticket when errors occur.

• Loads and schedules ACH files and EPN returns.

• Loads outgoing wire transfers, both domestic and international. Reviews requests, being mindful of potential fraudulent Wire transfer activity.

• Provides excellent service and guidance to members, branches, internal departments and other financial institutions with ACH and Wire Transfer inquires and forms.

• Reviews, calculates, and scans check deposits; posts general ledger entries to ensure balanced settlement.

• Processes automated payroll files received from our SEG groups. Balances and reviews related general ledgers. Assists with the conversion of exception files to ACH processing.

• Ensures all designated general ledger accounts are properly maintained and completes research to resolve issues. Prepares monthly reconciliations for permanent record retention.

• Maintains records of ACH and Wire Transfer forms and Payroll files. Monthly, submits documentation to the IT department for Onbase retention. Yearly, collects documents for in house and off-site storage.

• Performs other duties as needed upon request by immediate supervisor.

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% Premium Coverage for Vision & Dental Care

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $20.06 - $23.58 hourly. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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