ACH Manager
About the position
The ACH Manager is responsible for overseeing and reconciling daily ACH settlements for Apple Bank's ACH payment company, ensuring compliance with NACHA rules and managing risks associated with ACH transactions. This role involves coordinating the ACH team's tasks, reviewing settlements, and responding to audits and regulatory requests, while also keeping abreast of industry trends and technologies.
Responsibilities
Ensure ACH daily suspense General Ledger account reconciliation is properly prepared.
,
Coordinate and prioritize the ACH team's daily and monthly tasks and implement cross-training initiatives for contingency purposes.
,
Review settlements prepared by ACH Specialists for accuracy and completeness; assist team to identify differences in the settlement process.
,
Coordinate responses to requests from Internal Audit, Risk Management, and Compliance departments, as well as external regulators (FDIC, The Clearing House, etc.) in a timely manner.
,
Approve international ACH transactions for proper OFAC screenings; escalate issues to Anti Financial Crimes Unit (AFC) for further investigation.
,
Monitor monthly ACH activity for Bank trends and unusual activity.
,
Ensure Nacha rules are being followed for US Treasury Reclamations and stop payments; monitor Originator activity notably exposure limit, over limit, and possible fraudulent transactions.
,
Conduct monthly team meetings to determine needs of direct reports; motivate team to meet established levels of excellence and create a positive work environment.
,
Keep abreast of emerging trends and technologies such as FedNow and Real Time Payments.
,
Keep abreast of training offered by 'The Clearing House' and register team for the training sessions as deemed necessary.
,
Create ACH extracts for Fraud Investigation team to screen transactions for potential fraud; work with the Fraud Investigations team to complete potential loss reports.
,
Create, test and document ACH test scripts for periodic new FIS releases or system patches.
,
Provide operational support to other business units when new products or services are implemented.
,
Perform other duties as requested.
Requirements
Bachelor's degree required.
,
6+ years of experience working with ACH settlements.
,
Detailed knowledge of ACH return codes and standard entry class codes.
,
Demonstrated proficiency in Microsoft Word and Excel.
,
Excellent analytical skills.
,
Strong interpersonal and communication skills (verbal + written).
,
Must be well organized, detail oriented, and have the ability to work independently.
,
Ability to adapt and work under tight deadlines.
Nice-to-haves
Accredited ACH Professional (AAP) Certification Preferred.
Benefits
Apply Now
The ACH Manager is responsible for overseeing and reconciling daily ACH settlements for Apple Bank's ACH payment company, ensuring compliance with NACHA rules and managing risks associated with ACH transactions. This role involves coordinating the ACH team's tasks, reviewing settlements, and responding to audits and regulatory requests, while also keeping abreast of industry trends and technologies.
Responsibilities
Ensure ACH daily suspense General Ledger account reconciliation is properly prepared.
,
Coordinate and prioritize the ACH team's daily and monthly tasks and implement cross-training initiatives for contingency purposes.
,
Review settlements prepared by ACH Specialists for accuracy and completeness; assist team to identify differences in the settlement process.
,
Coordinate responses to requests from Internal Audit, Risk Management, and Compliance departments, as well as external regulators (FDIC, The Clearing House, etc.) in a timely manner.
,
Approve international ACH transactions for proper OFAC screenings; escalate issues to Anti Financial Crimes Unit (AFC) for further investigation.
,
Monitor monthly ACH activity for Bank trends and unusual activity.
,
Ensure Nacha rules are being followed for US Treasury Reclamations and stop payments; monitor Originator activity notably exposure limit, over limit, and possible fraudulent transactions.
,
Conduct monthly team meetings to determine needs of direct reports; motivate team to meet established levels of excellence and create a positive work environment.
,
Keep abreast of emerging trends and technologies such as FedNow and Real Time Payments.
,
Keep abreast of training offered by 'The Clearing House' and register team for the training sessions as deemed necessary.
,
Create ACH extracts for Fraud Investigation team to screen transactions for potential fraud; work with the Fraud Investigations team to complete potential loss reports.
,
Create, test and document ACH test scripts for periodic new FIS releases or system patches.
,
Provide operational support to other business units when new products or services are implemented.
,
Perform other duties as requested.
Requirements
Bachelor's degree required.
,
6+ years of experience working with ACH settlements.
,
Detailed knowledge of ACH return codes and standard entry class codes.
,
Demonstrated proficiency in Microsoft Word and Excel.
,
Excellent analytical skills.
,
Strong interpersonal and communication skills (verbal + written).
,
Must be well organized, detail oriented, and have the ability to work independently.
,
Ability to adapt and work under tight deadlines.
Nice-to-haves
Accredited ACH Professional (AAP) Certification Preferred.
Benefits
Apply Now