Financial Processing Analyst

MD - Rockville

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Job Description:

We are currently seeking an innovative, enthusiastic, and experienced professional who has worked with IRAs, deceased accounts, and membership service operations. Summarily, this position will, under general supervision but following established policies and procedures, be Responsible for activities related to ACH, Wires, IRA, Deceased Accounts and Share Draft Functions while ensuring that the credit union is in compliance.

Specifically, the Financial Processing Analyst will be:

  • Responsible for daily ACH activity including but not limited to: ACH edits, postings, return items, notifications of change activity, research and government reclamations. Reconciles general ledger for ACH network. Processes all ACH returns in a timely manner. Notifies member of discrepancies in ACH credit items on their account. Researches member inquiries regarding unauthorized ACH debits or credits. Contacts the originating institution for clarification of items and contact information.
  • Acting as a liaison between the credit union and the surviving family members until the deceased account has been completely settled.
  • Responsible for daily processing of the Wire Function. Processes and posts all incoming and outgoing wire requests. This includes member verification, enhanced due diligence, and system processing.
  • Responsible for daily processing of Share Drafts and Check 21 balancing. This requires working with the Branch staff to ensure all checks are imaged and processed on a timely basis while maintaining compliance with all regulations
  • Responsible for verifying, approving, and balancing of the Mobile Check Deposit function
  • Maintain membership's IRA portfolios by processing monthly, quarterly, and annual Required Minimum Distributions, notifying members when they are required to start RMDs, maintaining the IRA out-of-balance report, completing 1099R corrections to be sent to the Internal Revenue Service and notifying members of any IRS changes to the IRA rules and regulations. Responsible for maintaining IRA automatic distribution updates on Data Safe under the IRA function. Utilizes IRA Service Center to respond to IRA inquiries in a professional manner and maintain positive member relations.
  • Attend training seminars by MACHA, NACHA and Client to ensure policies and procedures are in compliance. Attends classes on estate planning and settlement. Recommends changes to improve service to the membership. Attends training sessions by BISYS to ensure compliance with IRA rules and regulations. Trains and keeps our credit union staff informed of any new IRA rules & regulations, IRA fundamentals and use of IRA Service Center.
  • Responsible for account estate settlement issues including but not limited to deceased accounts, probate issues, trust accounts, maintenance and disbursements of accounts upon death of account holder. Researches and notifies proper staff of ACH death notifications. Maintains hold on deceased members accounts pending government reclamations. Processes government reclamations as required.
  • Be responsible for understanding and complying in an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at our credit union and as directed by management and/or the SVP of Risk Management.
  • Performs other support and/or administrative duties as assigned by the Finance Operations Manager and/or SVP of Finance.

The ideal candidate will:

  • Demonstrate in-depth knowledge of Credit Union regulations, legislation and financial reporting and data processing
  • Demonstrate fluency with advanced features of various software applications including proficiency with spreadsheet and database software/applications
  • Demonstrate analytical decision-making ability with attention to detail.
  • Demonstrate the ability to learn and work in a fast-paced work environment.
  • Ability to multitask and prioritize work as required
  • Provide all external and internal clients with professional support, accurate information, and friendly service.
  • Troubleshoot and resolve internal inquiries in a timely, friendly and professional manner.
  • Contribute to the successful achievement of Organizational and Departmental goals as set by PVP of Financial Operations and/or the Chief Financial Officer.
  • Adhere to our credit union Federal's Service Standards Policy.
  • Maintains confidentiality at all times.
  • Maintain a dependable record of attendance and timeliness.
  • Have a desire to work in an inclusive and diverse office culture


Qualified candidates will have the following:

A positive credit standing


Three to five years of similar or related experience


A two year college degree or

Completion of a specialized course of study at a business or trade school or

Completion of a specialized and extensive in-house training or apprenticeship program.


Knowledge of lending compliance requirements and general knowledge of conventional and government loans available to consumers.

Extremely detailed oriented to ensure accuracy of data.

Ability to make independent decisions with oversight and assistance as needed by Finance Operations Manager/SVP of Finance.

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