Minnesota Bankers Association
Deposit Operations Specialist 2
Minnesota Bankers Association, Bloomington, Minnesota, United States
Overview
Location: 7825 Washington Ave S, Bloomington, MN 55439
Pay range: $24.00 to $28.00 hourly. The pay range represents the anticipated base pay for this position. Actual pay will be based on factors including, but not limited to: market data, internal equity, skillset and knowledge, experience, education and overall qualifications for the role. This position is eligible for a hybrid work schedule.
Job Summary This position is responsible for ensuring that all Maintenance/Servicing, Legal, Reporting, Compliance Documentation, Reviewing/QC and Training tasks are completed in compliance with applicable regulations, MidCountry Bank policies and procedures or special requirements as dictated by the deposit approval authority. Responsible for deposit account daily operations and resolutions. Provides first level support to branch staff regarding customer or account processing issues. Responsible for daily GL reconciliation and maintaining a clean and accurate deposit customer database. Provides direct external customer support to Cash Management customers.
Responsibilities
Maintenance/Servicing
Escalating or transferring second level or specialized inquiries
Reviewing internal daily, weekly and monthly reports
Assessing and processing fees as incurred by our customers
Assisting and providing guidance to branches
Providing insight on training opportunities for business partners and looking for process efficiency
Reporting
Providing complex transaction assistance for internal and external customers
Assisting with annual escheatment process
Ensuring general ledgers are accurate and all outstanding items are cleared timely
Reporting bi-weekly federal backup withholding payments and processing the payments
Month, quarter and year-end functions as required (1099s, tax corrections, RMD letters)
Legal
Tracking and documentation of legal items
Participating in research for subpoena items
Reporting kiting and fraudulent activity to the appropriate department
Creating tax addenda's and completing tax corrections
Monitoring outgoing funds against the OFAC list
Managing uncollected closed account balances monthly
Maintaining compliance with all applicable regulations
Compliance Documentation
Performing highly regulated operational functions for deposit accounts
Processing daily ACH Positive Pay exceptions, outgoing return items and resolving all incoming ACH returns
Manage daily review and follow-up on Treasury Reclamation and Death Notices
Reviewing and approving daily wire requests
Proactively obtaining training on regulations or from vendors
Participating in implementation and training of software updates and/or regulatory changes
Monitoring of fraud tools (EnFact, Tranblocker, Case Tracker) used by bank
Investigation and processing of all Reg E claims
Set up and maintain Cash Management customers and products
Process Remote Deposit transactions
Reviewing
Reviewing address changes done daily
Identifying process improvement and efficiencies
Reviewing daily card order report
Reconcile all ATM transactions and balance cash
Review Teller Balancing to ensure reported totals reconcile with the system totals
Official check reconciliation and correction
Stop payment review to ensure compliance with expiration date
Education & Experience Education
Required: 2 Year College/ Tech Degree or equivalent experience
Preferred: Bachelor's Degree or equivalent experience
Experience
Required: 2 - 3 years of bank operations experience
Preferred: 4+ years of bank operations experience
About Us BENEFIT INFORMATION Our Team Members enjoy a comprehensive benefits package, including:
Health Insurance with two medical plan options as well as dental and vision options.
Employer matched 401(k) plan.
Company-paid life insurance, AD&D and short and long-term disability. Team members can also purchase additional life and AD&D insurances.
Paid Time Off and all Federal holidays observed.
MidCountry Bank is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sexual orientation, marital status, national origin, disability or handicap, veterans status, genetic information or gender identity. MidCountry Bank is an EEO/AA Employer.
How to Apply Apply online at: https://www.midcountry.bank/careers/
MBA Job number/Date Added H-7994: 5/15/25
#J-18808-Ljbffr
Pay range: $24.00 to $28.00 hourly. The pay range represents the anticipated base pay for this position. Actual pay will be based on factors including, but not limited to: market data, internal equity, skillset and knowledge, experience, education and overall qualifications for the role. This position is eligible for a hybrid work schedule.
Job Summary This position is responsible for ensuring that all Maintenance/Servicing, Legal, Reporting, Compliance Documentation, Reviewing/QC and Training tasks are completed in compliance with applicable regulations, MidCountry Bank policies and procedures or special requirements as dictated by the deposit approval authority. Responsible for deposit account daily operations and resolutions. Provides first level support to branch staff regarding customer or account processing issues. Responsible for daily GL reconciliation and maintaining a clean and accurate deposit customer database. Provides direct external customer support to Cash Management customers.
Responsibilities
Maintenance/Servicing
Escalating or transferring second level or specialized inquiries
Reviewing internal daily, weekly and monthly reports
Assessing and processing fees as incurred by our customers
Assisting and providing guidance to branches
Providing insight on training opportunities for business partners and looking for process efficiency
Reporting
Providing complex transaction assistance for internal and external customers
Assisting with annual escheatment process
Ensuring general ledgers are accurate and all outstanding items are cleared timely
Reporting bi-weekly federal backup withholding payments and processing the payments
Month, quarter and year-end functions as required (1099s, tax corrections, RMD letters)
Legal
Tracking and documentation of legal items
Participating in research for subpoena items
Reporting kiting and fraudulent activity to the appropriate department
Creating tax addenda's and completing tax corrections
Monitoring outgoing funds against the OFAC list
Managing uncollected closed account balances monthly
Maintaining compliance with all applicable regulations
Compliance Documentation
Performing highly regulated operational functions for deposit accounts
Processing daily ACH Positive Pay exceptions, outgoing return items and resolving all incoming ACH returns
Manage daily review and follow-up on Treasury Reclamation and Death Notices
Reviewing and approving daily wire requests
Proactively obtaining training on regulations or from vendors
Participating in implementation and training of software updates and/or regulatory changes
Monitoring of fraud tools (EnFact, Tranblocker, Case Tracker) used by bank
Investigation and processing of all Reg E claims
Set up and maintain Cash Management customers and products
Process Remote Deposit transactions
Reviewing
Reviewing address changes done daily
Identifying process improvement and efficiencies
Reviewing daily card order report
Reconcile all ATM transactions and balance cash
Review Teller Balancing to ensure reported totals reconcile with the system totals
Official check reconciliation and correction
Stop payment review to ensure compliance with expiration date
Education & Experience Education
Required: 2 Year College/ Tech Degree or equivalent experience
Preferred: Bachelor's Degree or equivalent experience
Experience
Required: 2 - 3 years of bank operations experience
Preferred: 4+ years of bank operations experience
About Us BENEFIT INFORMATION Our Team Members enjoy a comprehensive benefits package, including:
Health Insurance with two medical plan options as well as dental and vision options.
Employer matched 401(k) plan.
Company-paid life insurance, AD&D and short and long-term disability. Team members can also purchase additional life and AD&D insurances.
Paid Time Off and all Federal holidays observed.
MidCountry Bank is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sexual orientation, marital status, national origin, disability or handicap, veterans status, genetic information or gender identity. MidCountry Bank is an EEO/AA Employer.
How to Apply Apply online at: https://www.midcountry.bank/careers/
MBA Job number/Date Added H-7994: 5/15/25
#J-18808-Ljbffr