Electronic Payment Specialist

Job Summary This position is responsible for the daily processing of ACH origination files and ACH receipt files. Confirms and verifies ACH origination files. Investigates and resolves ACH disputes or errors. This position requires knowledge of NACHA rules, and federal regulations relating to ACH transactions. Receives, processes, and distributes incoming wire transfers. Confirms, verifies and processes outgoing wire transfers. Reconciles wire transfer transactions to general ledger clearing accounts daily. Notifies customers and other company departments of funds wired in or out. Process CDARS and ICS activity. Monitors ACH and Wire Transfers for fraud and investigates any suspicious activity. Accountabilities Wire 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. Utilize WireXchange to 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. Utilize Q2 RFA to assist with this process. 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. Download and process the bill pay file Create and maintain transactions in the FTM System, including loan payments debited from other banks. Monitors ACH activity for fraud. Qualifications The qualifications for this job are as follows: 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 is preferred Attention to detail Ability to simultaneously handle multiple tasks Ability to work independently to complete assigned tasks Analytical ability Possession of excellent oral and written communication skills 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