12 Financial Processing Analyst (IRA and Deceased Accounts Processing) Jobs in Rockville, MD
Lafayette Federal Credit Union is Hiring a Remote Financial Processing Analyst (IRA and Deceased Accounts Processing)
*HYBRID WORK FROM HOME CAPABILITY AVAILABLE*
- Do you have experience with IRAs and Deceased accounts?
- Do you have experience processing Electronic Funds Transfer (EFT)?
- Do you have analytical decision-making ability with attention to detail?
- Maintain membership's IRA portfolios by processing monthly, quarterly, and annual Required Minimum Distributions, notifying members when they are required to start RMDs, maintaining the IRA out-of-balance report, completing 1099R corrections to be sent to the Internal Revenue Service and notifying members of any IRS changes to the IRA rules and regulations. Responsible for maintaining IRA automatic distribution updates on Data Safe under the IRA function. Utilizes Ascensus IRA Service Center to respond to IRA inquiries in a professional manner and maintain positive member relations.
- Perform the daily processing of the wires. Processes and posts all incoming and outgoing wire requests. This includes member verification, enhanced due diligence, and system processing.
- Acts as a liaison between the credit union and the surviving family members until the deceased account has been completely settled.
- Responsible for account estate settlement issues including but not limited to deceased accounts, probate issues, trust accounts, maintenance, and disbursements of accounts upon death of account holder. Researches and notifies proper staff of death notifications. Maintains hold on deceased members accounts pending government reclamations. Processes government reclamations as required.
- Be responsible for understanding and complying in an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at LFCU and as directed by management and/or the SVP of Risk Management.
- A positive credit standing
- A two-year college degree or 3-5 years of similar or related experience
- Experience with processing IRAs, Electronic Funds Transfer (EFT), and deceased accounts
- Extremely detailed oriented to ensure accuracy of data
- Ability to make independent decisions with oversight and assistance as needed by Finance Operations Manager/PVP of Finance
- This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary
- This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines Office environment with job duties conducted via telephone, face to face meetings, and on the computer.
Job Summary
Full Time
Banking
$74k-91k (estimate)
04/26/2023
05/14/2024
lfcu.org
MC LEAN, VA
100 - 200
1935
PETER BENJAMIN
$10M - $50M
Banking
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About Lafayette Federal Credit Union
Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch customer service. View our careers at www.lfcu.org/careers! Federally insured by NCUA. Equal Housing Lender. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (CFS), a registered broker-dealer (Member FIN...RA www.finra.org /SIPC www.sipc.org ) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Lafayette Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Investment representatives at Lafayette Federal Credit Union are licensed to transact securities business in MD.
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