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13 Oct 2023

Full-Time Central Settlement Associate (Req#2314)

Eastern Bank – Posted by Eastern Bank Massachusetts, United States

Job Description

Manages the staff of 4 people. Coordinates and prioritizes staff work and responsibilities. Reviews and approves reconciliations of over 350 general ledger and internal DDA accounts (Daily, Monthly, Quarterly) for accuracy and timely completeness; monitors outstanding items for timely clearing. Ensures that Settlement Representatives properly correct customer’s savings accounts.   Identifies and addresses potential risk and non-compliance with Audit policy and procedures. Ensures that the proper segregation of duties is always maintained.

  • Develops internal controls and mechanisms to promote maximum operational efficiency; updates and amends standard operating procedures as required.  Develops alternate procedures for Business Continuity Management / Disaster Recovery and participates in testing.
  • Participates in bankwide initiatives for new products and services as needed. Participates in developing department’s procedures for new projects and processes.
  • Updates FIS general ledger Interface tables.
  • Continually revises processes to use electronic tools. Coordinates efforts to achieve the objectives of the department, develops and implements new ideas and/or concepts to achieve optimum quality and compliance of all processes within the department.
  • Conducts periodic reviews of staff performance and provides guidance and counsel as required to promote individual and departmental proficiency; ensures that all staff are well trained to fulfill their respective job responsibilities.
  • Reconciles the balancing of ATMs, loans, and deposits from system conversions of acquired banks.

Education and Experience

  • A Bachelor of Science Degree or equivalent experience is required.
  • A minimum of five years of supervisory experience is required.  Candidates must have a keen working knowledge of accounting
  • Strong analytical skills and a high degree of knowledge of operational workflow of deposit, loans, teller, and transit departments are required.
  • Proficiency in Microsoft Excel (Vlookups, Pivot tables, Macros), Access and Word is essential.  Knowledge of Monarch and VBA is preferred.

About Us

Committed. Inclusive. Courageous. Eastern Bank has built a legacy of investing in the communities we serve and helping our customers, communities and employees thrive and grow. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.

As a large full service commercial bank in the Greater Boston area, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.

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.

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How to Apply

If you will like to learn more and apply, use the link below: https://gka.fa.us1.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX/job/2314/?utm_medium=jobshare

Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: #FinanceAccounting&Audit and Banking. Salaries: Not Disclosed.

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