Electronic Payment Specialist - DACOTAH BANK : Job Details

Job SummaryThis position is responsible for the daily processing of ACH origination files and ACH receipt files. Confirm and verify ACH origination files. Investigate and resolve ACH disputes or errors. This position requires knowledge of NACHA rules, and federal regulations relating to ACH transactions.Receive, process, and distribute incoming wire transfers. Confirm, verify and process outgoing wire transfers. Reconcile wire transfer transactions to general ledger clearing accounts daily. Notify customers and other company departments of funds wired in or out. Process CDARS and ICS activity. Monitor ACH and Wire Transfers for fraud, and investigate any suspicious activity.Essential FunctionsWire 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.
• 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.
• 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.
• Create and maintain transactions in the FTM System, including loan payments debited from other banks.
• Monitor ACH activity for fraud.
• Perform other duties as assigned.

Education & Experience

• 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
• Attention to detail; an ability to simultaneously handle multiple tasks; an ability to work independently to complete assigned tasks; and analytical ability
• Possession of excellent oral and written communication skills
• An 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

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)