Funds Management Specialist

This person is responsible for cash application and administration of funds through multiple payment sources in the factoring division as well as various accounting functions.

Qualifications: This person should have an associate’s degree, plus four years of related work experience or the equivalent.  This person should have a basic understanding of accounting and possess strong communication skills, organizational skills and the ability to use all Microsoft Office applications.

Principal Responsibilities:

• Complete cash application functions.

• Balance and execute outgoing funds per request to a variety of outside sources, such as ACH, wire, and fuel card providers.  

• Review remittance information and other documents for completeness, validity, and accuracy according to determined policy. Research remittance where carrier information is missing or inaccurate.  

• Assist with accounting functions:

  • Daily factoring trial balance account reconciliations

  • Process foreign payments adjustments, returned non-sufficient funds payments and drafts.

  • Enter various journal entries for funds transfers/credit memos/fee application

  • Audit Ach/Wire templates for update/deletion

  • Upload EOD reports to Banking Ops for reconciliation requirements.

• Analyze accounts for release letter attainability/account closing.

• Monitor special accounts and complete loan payments/payoffs.

• Act in accordance with FBT policies and procedures as set forth in the employee handbook.

• Adhere to compliance procedures and participate in required compliance training.