Randstad Payment Operations Specialist in Folsom, California
Payment Operations Specialist
salary:$15 - $20 per hour
date posted:Wednesday, June 13, 2018
industry:Finance and Insurance
Payment Operations Specialist
Our client is currently seeking a Payments Operations Specialist for a 2+ month contract opportunity located in Folsom, CA.
Payments Operations is responsible for identifying opportunities to streamline operational processes, practices, and procedures for all money movement channels to ensure operational excellence and exceptional member experiences. Outcomes may include re-engineering processes, eliminating outdated or ineffective processes, moving processes to a new location within the organization, implementing new technology or identifying training opportunities. Each of these outcomes should result in measurable improvements to accuracy, efficiency, and risk reduction.
are ensuring all money movement functions are completed daily including deposit processing, Remote Deposit Capture (RDC), Mailed Deposits and Payments, ATM deposits, Share Drafts (clearing, returns, and adjustments), Incoming/Outgoing Wires both domestic and international within required guidelines.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Ensure all image cash letters are posted, and outgoing imaged items are successfully distributed to the Federal Reserve. Review and resolve adjustments or exceptions using appropriate regulatory measures as required by governing payment agency.
Performs testing for system updates on organizational platforms, including but not limited to, business continuity, application and software updates, and regulatory required changes. Document testing analysis and provide to business partners as awareness of impact as it relates to item processing, teller / branch capture, and remote file imports from third party vendors.
Completes continued education and training to keep updated on banking and maintain industry knowledge of payment methods (ACH, Check, Cash, Card, and Wires) as related to settlement, regulatory, systems, and operations.
Process and post incoming and outgoing member wires; assist branch staff with international wire conversion rates for foreign currency
Prepare, image, post, and balance daily mailed deposits and payments, ATM deposits, Remote Deposit Capture (RDC) and share draft files to core system.
Repair share draft clearing files for distribution to the host, and process checks returns; Process and post check adjustments (Federal, non-conforming, encoding error, etc.)
Ensure all file transmissions for item processing functions were successfully imported into processing systems and system distributions were completed and successful
Review all items for check negotiability. Place extended holds, return items, and make adjustments according to policy and Regulation CC requirements. Prepare and post all item processing general ledger balancing, settlement, and reconciliation
Research and resolve all member account requests
Complete all duties within required timeframes and follow regulation or policy requirements, and other duties as assigned.
EDUCATION AND/OR EXPERIENCE
Completion of a Payments Functional Certification provided by a registered payments association (i.e. NACHA, WesPay, etc.) is required
Associate's degree (A.A.) or equivalent from two-year college or technical school; or three to four years related payment operational experience and/or training; or equivalent combination of education and experience.
Minimum 3 years industry experience
Knowledge of the following:
Regulations governing, item processing, check negotiability, wires, and consumer protection related to funds availability
Credit union products and services related to money movement and payment services
New account fraud including counterfeit check experience
Currency conversion rates
Payment Processing experience
Account Reconciliation and General Ledger Balancing
Financial Institution experience preferred
Check handling experience
CERTIFICATES, LICENSES, REGISTRATIONS
This position requires completion of a payments functional certification provided by a registered payments association (i.e. NACHA, WesPay, etc.) within one year of hire . In addition, must maintain active certification by completing required continued education units.
OTHER SKILLS AND ABILITIES
Proficiency using Microsoft Office Word Processing software
Excellent verbal and written communication skills and problem-solving skills
Knowledge of financial products and services, credit union operations, data processing, and have demonstrated research skills.
Ability to work independently and to manage multiple priorities within established time frames
Intermediate Accounting skills
Strong time management skills
Strong attention to detail