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Time Deposit Accounts Operations Specialist - Aurora, IL
| Estimated Pay | $19 per hour |
|---|---|
| Hours | Full-time, Part-time |
| Location | Aurora, Illinois |
Compare Pay
Estimated Pay$14.42
$19.18
$30.16
About this job
Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
This position is responsible for the administration for all types of Individual Retirement Account (IRA) transactions. Duties include basic working knowledge of IRAs and handling routine IRA transactions, working knowledge of all aspects of Certificates of Deposits. Basic working knowledge of Health Savings Account (HSA) and handling routine HSA transactions.
Essential Job Functions:
- Administration of IRAs including rollovers, transfers, contributions, distributions, required minimum distributions (RMD), beneficiary options and general IRS regulations that pertain to IRAs.
- Communicates with Retail Staff on CD, HSA & IRA issues. Assists in providing answers to routine, basic questions.
- Assists with IRA transactions processed by bank branch staff and ensures all documentation is reviewed and scanned.
- Assists with CD transactions processed by bank branch staff and ensures all documentation is reviewed and scanned.
- Assists with HSA transactions processed by bank branch staff and ensures all documentation is reviewed and scanned.
- Assists in completing & processing External IRA and HSA Transfers and Death Distributions
- Daily balancing of the CD Interest Forecast.
- Performs various other duties as assigned.
Minimum Requirements
- High school diploma and two or more years of banking experience; or equivalent combination of education and experience.
Competencies
- Understanding of Jack Henry (Core System).
- Good oral, written, and interpersonal skills.
- Demonstrates basic knowledge of IRA/CD/HSA rules and regulations.
- Excellent organizational skills, including the ability to manage large amounts of data according to policy/procedure/regulation.
Preferred, but not required
- Experience working with Time Deposit (CD, HSA & IRAs) products.
- Prior experience using Jack Henry (Core System).
Thanks for considering Old Second!
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