Deposit Specialist

Company: Park State Bank
Location: Duluth
Posted on: September 1, 2024

Job Description:

Description:CORE VALUES: Park State Bank's Core values are GROWTH, TEAMWORK, RESPONSIVE, TRANSPARENT, And INNOVATIVE. We endeavor to live by these values in all that we do!
MISSION: The mission of Park State Bank is to deliver exceptional client service, strategic banking solutions and a community-friendly experience.
POSITION SUMMARY: The Deposit Specialist will be an integral part of the operations team supporting the Deposit Systems Manager with the administration of core deposit systems, Cognos the core reporting system, the document imaging system and assists the administrator of the deposit origination application OnBoard Deposits. This role will also provide operational support and guidance pertaining to all aspects of IRA accounts which includes a deep understanding of rules and regulations, account/transaction monitoring and tax reporting requirements. The ideal candidate requires strong technical skills, attention to detail, and the ability to collaborate effectively with various stakeholders to ensure the smooth functioning of deposit systems.
Please note that we are hiring for only one position, although this opportunity is posted in multiple markets where Park State Bank is located.
PRIMARY RESPONSIBILITIES AND ACCOUNTABILITIES:

• Assist the Deposit Systems Manager in the administration and maintenance of core deposit systems, ensuring optimal performance and reliability.
• Understand deposit system functionality and/or complexities of the system, analyze enhancements and changes made by core vendor.
• Identify and address system issues and take appropriate action to resolve.
• Assist with administration of Cognos reporting system which includes creating new and enhancing existing reports and scheduling report distributions.
• Assist with administration of the deposit portion of document imaging system to ensure accurate and efficient document storage and retrieval.
• Support administrator of the deposit origination application in regard to system configuration and troubleshooting.
• Serve as subject matter expert on IRA/HSA related questions for retail staff.
• Understand IRA and HSA Plans, the core system/transfer codes used for IRA and HSA Contributions, Distribution, Transfers and Rollovers.
• Responsible for staying current on changes to IRA/HSA regulations and rules.
• Review IRA and HSA transactions to ensure that they have been processed correctly for accurate IRS reporting.SECONDARY RESPONSIBILITIES AND ACCOUNTABILITIES:
  • Responsible to become knowledgeable about and adhere to all relevant compliance regulations (as it affects the department).
  • Reports to the VP Deposit Systems Manager for all functions, but also receives requests, guidance, and advice from other members of management. Makes appropriate decisions systematically within authority limits and seeks higher-level approval when appropriate.
  • Works independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.OTHER SKILLS AND ABILITIES:
    • Demonstrated experience working in a fast-paced environment on multiple projects simultaneously.
    • Perform quality work within determined timeframes.
    • Interact professionally with other employees, customers, vendors and shareholders.
    • Ability to work independently and effectively as well as collaborate with a team.
    • Ability to maintain confidentiality and manage sensitive information.
    • Must be adept at problem-solving, including being able to identify issues and solve problems in a timely manner.
    • Must be able to communicate clearly, both in writing and orally, with employees, management, and co-workers.
    • Highly organized and strong attention to detail.PERFORMANCE MEASURES:
      • Demonstration of Core Values
      • Timely execution of Rocks, To-Dos, active participation in L10 meetings
        WORKING CONDITIONS:Work is performed largely within the Bank with limited chance for personal injury. Prolonged and frequent mental and visual concentration required. Periodic stressful situations in response to multiple priorities within established deadlines. Work hours are generally during normal business hours. Unscheduled evening and weekend work may be needed to meet the needs of customers and employees. Occasional travel between offices and out-of-town/overnight business travel required. Must be able to lift and move up to 20 pounds of office supplies and equipment. Some bending, turning, and twisting required. Serves as a representative of the Bank at appropriate functions.
        JOB LOCATIONS:The quality of our employees and their dedication to service is what separates us from other banks of any size. We strive to attract and retain exceptional employees who share our commitment to superior customer service, continued growth, and organizational success.
        We are always on the lookout for talented people to help us become the best. Take a look at the opportunities below. Most of our jobs are flexible to any of our office locations. You can contact us or download our employment application to get started.
        NEMN MARKET: Grand Rapids, Nashwauk, Hibbing, Chisholm, Orr, Cook, Mt. Iron & BiwabikDULUTH/NORTH SHORE MARKET: Duluth Central, Lincoln Park, Mt. Royal, Two Harbors & Silver BayMINNEAPOLIS MARKET: Minneapolis
        
        
        GENERAL NOTICE:This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive. It does not state or imply that these are the only duties and responsibilities assigned to the position. The employee may be required to perform other job-related duties. All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.This position description does not constitute an employment agreement between the Bank and employee and is subject to change by the employer as the needs of the Bank and requirements of the position change.
        ROLE QUALIFICATIONS:Education: A 2- or 4- year accounting or business degree is preferred.Requirements:Education: A high school diploma or GED is required.
        Experience: A minimum of 2 years banking experience in system admin or deposit role. Must be proficient with Microsoft Word/Excel/Outlook.
        
        
        
        
        PI95da6423c0b4-37248-34519333

Keywords: Park State Bank, Duluth , Deposit Specialist, Other , Duluth, Minnesota