ACH/SHARE DRAFT SPECIALIST

Description

General Summary

The primary purpose of this position is to perform clerical duties for processing automated clearing house (ACHs) and Share Drafts including daily balancing of applicable general ledger accounts in a timely and accurate manner.  

Essential Functions

ACH Processing

• Process, correct, and balance daily postings of ACH debits, credits, and exception items, as well as, associated non-sufficient fund (NSF) fees   
• Assist with ACH stop payments and allocations as needed 
• Verify and process ACH affidavits, death notifications, and resolve any discrepancies 
• Research and process all ACH Reclamations 
• Ensure all International ACH transactions (IAT) are systematically verified through the Office of Foreign Affairs (OFAC) software 
• Make general ledger entries for all ACH non-member related transactions  
• Coordinate member payroll deductions for manual payrolls including member information, corrections, updates, and changes 
• Review and process all ACH disputes 
• Understand and adhere to NACHA rules and guidelines
• Review and report on all ACH rule changes to Management
• Participate in various ACH education sessions annually 

Share Draft Processing

• Process, correct, and balance daily postings of share drafts including exceptions and NSFs  
• Process adjustments and perform research for other institutions 
• Review and process incoming IRD files via Fedline   
• Review and process all Check related disputes  
• Maintain and update all applicable archived records 

Other Duties

• Assist in solving internal and external member issues or questions in relation to ACH, share drafts, fees, and other related topics 
• Identify inefficient and outdated processes; recommend improvements   
• Coordinate process improvements with other departments to enhance efficiencies within the organization   
• Create and maintain working procedures for the functions of this position 
• Responsible for managing risks specific to related job functions with an expectation to make and support risk-informed decisions and remain diligent in identifying emerging risks that could jeopardize the success of the Credit Union.
• Any other duties as assigned.

Requirements

Job Specifications

• Requires education equivalent to a four-year high school education   
• Additional post-secondary coursework in accounting is preferred but not required 
• A minimum of 2 years of ACH and share draft experience in a financial institution required   
• Knowledge of all applicable Federal Reserve Regulations 
• Accredited ACH Professional (AAP) required
• National Check Professional (NCP) preferred
• Professional, well-developed interpersonal skills necessary for projecting a positive image as a representative of the Credit Union 
• Requires judgment to solve day-to-day problems within regulations and established guidelines 
• Proficient in use of a personal computer, calculator, data entry and Microsoft Office Products   
• Organization and time management skills necessary to comply with mandated deadlines 
• Flexibility and adaptability to work mandated schedules 

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions 

While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, bend, kneel, and reach above or at shoulder level. The employee must occasionally lift/push/pull and/or carry up to 10 pounds.