Cashiering Associate I

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION: Responsible for daily implementation of various types of Cashiering processes while ensuring efficient and accurate processing. Communicates status updates and workflow issues to field sales force and management. Resolve escalated matters for field sales force. Provides initial point of contact for sales force representatives. Works under minimal supervision in a high-risk area of Brokerage Operations.

ESSENTIAL DUTIES & RESPONSIBILITIES:

* Responsible for moving money into and out of accounts via electronic funds transfer systems.

* Responsible for the timely review and accurate processing of requests entered through the NFS platform.

* Responsible for the timely and accurate processing of One-time retirement distributions.

* Responsible for the establishment and maintenance for all Periodic Investment Plans and Systematic Withdrawal Plans.

* Responsible for physical check deposits for the Broker/Dealer.

* Process physical security certificate deposits.

* Process all requests within defined service level agreements.

* Interacts daily with field sales force to resolve disconnects and/or verify input data.

* Communicates with field and internal operations personnel regarding submission of paperwork and status of positions and money movements.

* Verify that the transfers of funds via electronic funds transfer system are successful.

* Responsible for the investigation and repair of disconnects/fails on all systematic plans.

* Communicates any missing paperwork/requirements necessary to book positions into accounts.

* Coordinate with other Cashiering functions to ensure thorough processing of daily work.

* Responsible for ensuring compliance with all PATRIOT Act money movement rules and requirements.

* Daily record keeping requirements according to industry rules and standards.

* Must maintain a current knowledge of IRS rules and regulations pertaining to retirement accounts.

* May assist in training new Cashiering members.

* Provide reports and statistics to management.

SUPERVISORY RESPONSIBILITIES: None.

Keywords: , Middletown , Cashiering Associate I, PR / Public Relations , Cincinnati, Ohio