Job Information
Flushing Bank Deposit Operations Specialist in Uniondale, New York
Deposit Operations Specialist Uniondale, NY, USA Req #617
General Statement of Duties:
This position is responsible for control of dormant accounts, annual Abandoned Property processing for all 50 states and NYS IOLA reporting. This position is also tasked with the responsibility of the daily review for ATM check deposits and the daily review of check processing. Additional duties for the Deposit Operations Specialist includes general ledger reconciliation, processing of check deposits received in back office, updating the core rates and also the daily review and processing of rate exceptions.
Major Duties and Responsibilities:
Evaluate and disseminate regulatory changes and/or new laws relative to Abandoned Property to the Deposit Operations Department staff and Retail Deposit Services Manager and ensure program compliance through workshops and educational opportunities. Assists with various general ledger reconciliations and researches/corrects any differences as they arise. Prepares the annual Abandoned Property Reporting to New York State including functions: Runs all reports needed for annual escheatment process Contacts branches for escheatment Reconciles preliminary and final escheatment Collects and stores all Safe Deposit abandoned property centrally Responsible for advertisements and auctions concerning abandoned property Assure accuracy of Internal Revenue Service forms and timing of mailing of Form 1099R, Form 5498, Customer Statements and Federal Withholding Notification. Daily review, maintenance and monitor of dormant account activity. Identifies and implements process improvements to enhance the departments efficiency. Safe Deposit functions: Collects and processes customers payments Dunbar cash services and secure safe postings and reconciliations. Daily review, processing of deposit and line of credit accounts overdrawn. Processes Rate Exceptions submitted by the business lines Review daily ATM Deposits and mark for processing Ensure compliance with all regulations, policies and procedures. Perform additional accountabilities as required.
Minimum Qualifications:
1-2 years banking experience in related areas
Knowledge, Skills and Abilities:
General knowledge of banking practices and procedures Miser experience preferred PC proficiency, particularly word processing and spreadsheet applications (Word, and/or Excel) Good oral and written communication skills
Pay Range: $53,000 - $55,000
Hours: 37.50
This is a non-exempt position, eligible for overtime if the hours worked are over 40 hours.
The actual compensation will be based on qualifications, experience and other factors permitted by law.
EOE, including Disabled and Veterans