What are the responsibilities and job description for the Settlement Representative I position at LOS ANGELES POLICE FEDERAL CREDIT UNION?
Job Details
Description
Los Angeles Police Federal Credit Union has proudly served law enforcement employees and their families since 1936. To enhance the quality of life for the law enforcement community by serving as a trusted partner, we provide rewarding financial solutions through exceptional service.
Position Summary
We are seeking a Settlement Representative I with 2 to 3 years of experience to join our team. The primary responsibility for a Settlement Representative I is to effectively process share drafts, settlement postings, wires, and ACH functions. This is a hybrid-based position with minimum 2 days in the Van Nuys office required and supports all facets of the day-to-day operations and/or projects within the Payments division.
This position regularly collaborates with accounting, the payments group, and the broader associate population. This role supports a wide range of projects and initiatives touching our corporate and branch workforce population alike. There will be a strong focus on streamlining processes and providing exceptional service to all associates.
What You’ll Do:
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Complete the review and processing of CO-OP and ATM settlement
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Monitor and process FSCC and shared branch adjustments
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Process outgoing and incoming wires
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Review and process daily share draft exceptions
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Complete monthly processing of pension/retired payroll
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Maintain daily reconcilement of various general ledger accounts
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Process member initiated forgery claims
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Promptly complete employee and board member expense reimbursements
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Assist with ACH originations, reclamations, stop payments, and returns
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Provide support for share draft and ATM inquiries, internal and external
Qualifications
Minimum Qualifications
A minimum of 2 to 3 years experience supporting Settlement operations, or commensurate work experience, is preferred.
Knowledge of regulatory requirements, such as Regulation E, NACHA rules, BSA, OFAC, CIP, is preferred.
System experience with Fiserv DNA, Fedline Advantage, Wire Exchange, and Velera applications, is preferred.
Education and Certificates/Licenses
A minimum education of high school education or GED
Required Skills/Abilities
Excellent verbal and written communication skills
Excellent interpersonal, EQ and customer service skills
Excellent organizational and attention to detail skills
Excellent time management skills with a proven ability to meet deadlines
Ability to function well in a fast-paced and changing environment
Proficient with Microsoft Office Suite or related software
Working understanding of Settlement principles, practices and procedures is preferred
Physical Demands: These are the general physical demands that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position involves primarily non-manual labor. Reliable, predictable, on-time attendance is essential, particularly to assure duties are fulfilled. The associate will spend most of the working time sitting, standing or walking, including significant time using computers. Position requires repetitive hand movements, the daily ability to focus on several tasks at one time, analyze data and draw conclusions, quickly and accurately perform mathematical computations, analyze and explain complex information, communicate frequently with others in person, over the phone, via electronic communications, and in group presentations. The associate must be able to travel regularly among the branches supervised. The position may include occasional lifting of up to 15 lbs.
At LAPFCU, we support diversity, and we are an equal opportunity workplace.
Salary : $21 - $27
