Deposit Operations Utility Specialist

Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for a Deposit Operations Utility Specialist. This is a Hybrid-Rotational position based out of our St. Cloud Bank location in Minnesota. 

JOB SUMMARY:  Work in a fast-paced environment supporting multiple areas of the Deposit Operations department, helping to ensure operational functions run smoothly and efficiently.  The position is required to be flexible and be proficient in all areas of the Deposit Operations department, handling tasks and projects as business needs dictate.  Must communicate effectively with team members and managers and be eager to learn and understand all responsibilities of the Department as a whole.  This is a hybrid position that is included in the in-office rotation schedule. 

Starting wage of $27.00/hour. Employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

RESPONSIBILITIES

• Understand Deposit Operations and stay on the cutting edge of operational needs and trends
• Maintain a positive working relationship with all employees and demonstrate teamwork
• Demonstrate excellent time management skills
• Output verification of Portfolio, DDA, COD and Savings accounts opened, revised or closed by team members in all branches and in Upsala
• Provide IRA support for team members at all branches along with continuing education regarding IRA’s.
• Resolve Stearns Bank NA & Upsala’s daily non-post items/Invalid ACH’s, review Auto-balance report for differences and the Exception items reports for DDA/SAV/COD.
• Assisting in the completion of the daily processing of Levies, Garnishments, and research of Summons & Subpoenas when requested by legal for all offices within SFSI.
• Review and transmit Backup Withholding amounts for all institutions.
• Assist in opening accounts for the Finance & Liquidity Officer offered in Funding/Brokered department [Includes Qwickrate]
• Provide Account verifications
• Assist in Operations Funding Duties

• Produce and monitor the Required Reserve Position daily
• Post Fed Stock Dividends
• Maintain balances at correspondent banks
• Complete borrowing and paying back of funds as required by the Finance & Liquidity Officer

• Support for Wire Verification and other Wire Team duties: Cash Letter and In-Clearing report, adjustment entries, FR2900 report
• Process NOCs, ACH and Check Returns and Adjustments
• Maintain daily, monthly and annual wire logs
• Assist with Positive Pay 
• Part of In Office Rotation and assisting with those tasks:   Chargebacks, AP Checks, Statements, CD maturity notices, etc.
• Assist in NSF process
• Assist in Stop Payments Process
• Daily Activity on Controlled Accounts (DDA & SAV)
• Monthly DDA Activity on Controlled Accounts
• Daily Large Dollar Item Report
• Daily/Weekly/Monthly reconciliation of various DDA/GLs assigned to the Deposit Operations Department
• Assist with daily debit card functions 
• Ensure procedures are current and available to view in SharePoint
• Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position.
• Assume additional responsibilities as requested 

REQUIREMENTS

• Occasionally lift and/or move up to 10 lbs.  
• Ability to understand and follow instructions in English.
• Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.
• Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

QUALIFICATIONS

• Associate degree or equivalent from a two-year college or technical school; or one to two years related experience; or equivalent combination of education and experience.
• Working knowledge of ITI helpful.
• Strong computer skills.
• Familiarity with basic accounting principles.
• Excellent oral and written communication skills.
• Excellent organizational skills.
• Attention to detail.
• Flexible.

THE COMPANY

Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $2.4 billion well-capitalized, independent financial holding company based in St. Cloud, Minnesota. Specializing in nationwide small business lending and equipment financing, Stearns has maintained outstanding customer service, fast decisions, and customized finance solutions to their customers for decades.

Stearns Bank has earned itself a stellar reputation amongst customers and competitors alike. This reputation goes beyond just word-of-mouth, as Stearns has been recognized by the Independent Community Banker’s Association (ICBA) as a top-performing bank in the nation based on a 3-year average Return on Assets for banks $1 billion or more. Stearns has also been recognized by American Banker as a top-performing bank in the nation over a 3-year period for Return on Equity for banks from $2 billion to $10 billion.

As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation.

EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.