Funds Management Specialist - Utica

Description

TITLE: Funds Management Specialist 

JOB FAMILY: Funds Management 

DEPARTMENT: Administrative       

PAY GRADE & FLSA:  Grade 6; Exempt

JOB SUMMARY: 

The Funds Management Specialist is primarily responsible for managing the daily cash position for Quad City Bank & Trust and related QCRH Banks, including determining where to buy/sell fed funds and maintaining target balances at the upstream correspondent banks within regulatory guidelines.  

ESSENTIAL FUNCTIONS: 

• Coordinate funding for the banks, including adequate funding for downstream correspondent and sister banks’ anticipated activity. This includes actively cooperating with and interacting with other departments and facilities to advance the overall interest of Quad City Bank & Trust and QCRH.  
• Maintain a proficient knowledge of applicable compliance statues, regulations, and interpretations.  
• Act as primary contact for upstream correspondent bank relationships 
• Reconciliation of GLs assigned to ensure timely clearing and appropriate funding to cover cash letter and electronic clearing activity.  
• Make daily fed fund investment decisions on behalf of the bank(s) assuring minimal concentration of funds and risk.  
• Perform system/user administrative functions for online banking portals to upstream correspondent systems. 
• Drive semi-annual access reviews for correspondent portals.  
• Maintain education and professional expertise through attendance of job-related seminars, conferences, and workshops as needed.  
• Monitor Public Fund balances and maintain appropriate collateral requirements 
• Monitor T-Bill rates monthly and update corresponding account rates.  
• Comply with all company or regulatory policies, procedures and requirements applicable to this position. 
• Foster and preserve a culture of inclusion. 
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.  

QUALIFICATIONS: 

• High school diploma or equivalent required. Associate or bachelor’s degree in business, finance, or other related are preferred.  
• A minimum of five years ‘prior experience in banking or an accounting-related field, or equivalent experience. 
• Foster and preserve a culture of inclusion. 
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.  

WORKING CONDITIONS: 

• Duties are performed in a professional office environment. 

SALARY AND BENEFITS:

The minimum starting salary for this position is $46,000. The actual wage will be based on qualifications and business needs and may vary, as permitted by applicable state law.

This position is a regular full-time position, and individuals employed as regular full-time, are eligible for the following benefits subject to the terms, limitations and conditions of each benefit plan: Health, Dental, Vision, Life Insurance, Disability Insurance, FSA, HSA, 401K, Employee Stock Purchase Plan, Paid Time Off, Paid Holidays and additional Voluntary Supplemental Insurance.

At Quad City Bank & Trust. we are committed to fostering and preserving a culture of inclusion and strongly believe that it's our differences - of all kinds - that make our company and our communities better and stronger. 

Quad City Bank & Trust. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status. 

It is the policy of Quad City Bank & Trust. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.