Operations Specialist

Eastern Bank • Wakefield, MA • 2h ago

Pay Range: $19.89 - 31.97

The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The Account Reconciliation Operations Specialist is responsible for performing internal and external account reconciliations while meeting targeted service level agreements. This role requires the ability to deliver high-quality production results, manage team workflow and resource alignment, and consistently meet deadlines. The ideal candidate has a strong working knowledge of deposit account transactions, aged item tracking, positive pay capabilities, and checking and general ledger reconciliation standards, paired with excellent communication skills for working with internal and external customers.

Core duties include performing account reconciliations, distributing supporting documentation, initiating return items on appropriate transactions, balancing accounts and general ledgers, and making accurate adjusting transactions as needed.

Major Responsibilities

Monthly & Quarterly Reconciliation: Manage the monthly account reconciliation workload; perform quarterly internal account reconciliations and oversee annual escheatment processing for internal accounts. Execute quality control reviews to ensure accurate documentation and adherence to policies and procedures. Communicate with business lines and account officers on customer support and issue tracking.

Training & System Proficiency: Train alongside team members on daily, weekly, and monthly functions, including Positive Pay Exception, Corporate, Municipal, and Internal Account Reconciliations; the ACH segment of Federal Reserve Account Reconciliation; and stop payment requests, reissues, and voids for Money Orders and Treasurer Checks. Stay current on process changes and rollouts. Maintain proficiency in business line systems, applications, regulations, and industry standards. Ensure full compliance with the Bank's Information Security Policies regarding customer and bank information.

Positive Pay & Compliance : Conduct positive pay and final account analysis routines for all subscribed customers. Ensure documentation and standard operating procedures reflect the most current policy updates and regulations.

Core System Expertise : Maintain technical knowledge of the Bank's core deposit system functions and related account reconciliation modules. Stay informed on core system releases and their impact on reconciliation functions. Ensure core processing routines are accurate and complete, escalating issues to management as needed.

Special Projects & Cross-Training : Perform related and unrelated duties as assigned. Support special projects such as mergers, FDIC audits, internal and external audits, BCM maintenance and testing, and process improvement initiatives. Assist management with the Annual User Review and participate in Operations cross-training.

Problem Solving & Decision Making

This role requires critical thinking, independent workload management, and strong professional written and verbal communication. Success depends on balancing multiple assignments and priorities, collaborating with team members to solve daily challenges, and prioritizing essential tasks with strong organizational skills.

Requirements

Education and Experience

Bachelor's degree or related knowledge/skills gained through experience required

3-6 years of bank operations experience required

Demonstrated experience independently managing an efficient workflow

Skills and Knowledge

Knowledge of deposit banking compliance issues and regulations

Effective communication, organizational, writing, and interpersonal skills

Proficiency in FIS, Account Reconciliation software, and Microsoft Office Suite

Strong attention to deadlines

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.

Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.

At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Similar Jobs

Lead Clinic Coordinator - Mon-Fri 8am-4:30pm

Dana-Farber Cancer Institute • Boston, MA • 1h ago

Hospital & Medical

Lead Clinic Coordinator: In addition to the responsibilities of the Clinic Coordinator I and II, the Lead has additional duties outlined below: Leadership: -Role model and resource to the Clinic Coordinator team -Motivat...

1h ago

Go to Apply

Product Owner-Tech Delivery/Stucky Platform/ Global Credit Ops

Bank of America • Waltham, MA • 1h ago

Hospital & Medical

Product Owner-Tech Delivery/Stucky Platform/ Global Credit Ops Charlotte, North Carolina;Waltham, Massachusetts; Jacksonville, Florida; Plano, Texas To proceed with your application, you must be at least 18 years of age....

1h ago

Go to Apply

Operations Associate I

Eastern Bank • Cambridge, MA • 1h ago

Starting Rate: $24.50 Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefit...

1h ago

Go to Apply

Sr. Relationship Manager - Global Commercial Banking - Transformative Healthcare (Boston, NYC, Philadelphia)

Bank of America • Boston, MA • 1h ago

Hospital & Medical

Sr. Relationship Manager - Global Commercial Banking - Transformative Healthcare (Boston, NYC, Philadelphia) New York, New York;Boston, Massachusetts; Philadelphia, Pennsylvania To proceed with your application, you must...

1h ago

Go to Apply

Warehouse Associate

Mondelez International • Haverhill, MA • 1h ago

Manufacturing & Warehouse

Haverhill, Massachusetts, United States Full time R-176562 Job Description Are You Ready to Make It Happen at Mondelez International? Join our Mission to Lead the Future of Snacking. Make It Possible We are the makers of...

1h ago

Go to Apply

Regional Service Associate - 37.5 Hours

Eastern Bank • Wellesley, MA • 1h ago

Management & Administrative

Starting Rate: $24.00 Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefit...

1h ago

Go to Apply

Account Manager -Biotech, Business Development - Clinical Trials Division

ThermoFisher Scientific • Cambridge, MA • 1h ago

Hospital & Medical

Work Schedule Standard (Mon-Fri) Environmental Conditions Office Job Description Job Description With 12,000 global employees across 5 continents, The Pharmaceutical Services Group (PSG) offers world-class expertise to h...

1h ago

Go to Apply

Account Manager - Russelectric Field Service, Northeast/ Mid-Atlantic

Siemens • Hingham, MA • 1h ago

Management & Administrative

Job Family: Electrical Products Req ID: 520916 Here at Siemens, we take pride in enabling sustainable progress through technology. We do this through empowering customers by combining the real and digital worlds. Improvi...

1h ago

Go to Apply

Business Banking Relationship Manager - Danvers, MA

M&T Bank • Danvers, MA • 1h ago

Finance, Accounting & Banking

Overview: Responsible for an assigned portfolio of loan and deposit relationships with small business clients. Solicit new business; manage risk and credit decisions; and service existing clients through the bank's relat...

1h ago

Go to Apply

Account Manager - Russelectric Field Service, Northeast/ Mid-Atlantic

Siemens • Boston, MA • 1h ago

Management & Administrative

1h ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)