This job was posted by https://www.arjoblink.arkansas.gov : For more information, please see: https://www.arjoblink.arkansas.gov/jobs/4304302

Under the general supervision of the Escrow Account Supervisor, the Accounting Clerk is responsible for following established escrow accounting procedures and the accurate and timely processing of high-risk wires, transfers, and deposits for all escrow accounts. Essential duties and responsibilities include processing incoming and outgoing high-dollar, time-sensitive wire activity via applicable payment applications; identifying and resolving errors within the escrow file; and identifying, assessing, monitoring, and reporting risks. The Waco Accounting Clerk will respond to inquiries from internal and external customers, including closers, closing processors/ assistants, post-closing, Arvest Wire Department, Arvest Treasury Management, and financial institutions. The incumbent must possess the ability to cope with high pressure timelines and large amounts of data while maintaining accuracy and the ability to multitask. Duties must be performed in an efficient and timely manner, ensuring the accurate and professional care of customer escrow funds.

We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.

What Youll Do at Arvest: (Other duties may be assigned.)

Accurately process and approve wire payments, wire funding and transfers through applicable system applications, with a low margin of error due to the high-risk nature.

Assist with various escrow file-related processes necessary to the maintenance and functionality of the escrow process, such as construction accounts, 1099s, CPL/Recording Fee/ATAP reconciliations.

Accurately monitor the Escrow File Balance Report, 72 Hour Negative File Balance Report and Stale Check Report and ensure file balances for the proper maintenance of the escrow account.

Monitor escheat files and outstanding check reports for the proper maintenance of the escrow account.

Respond to WACO Accounting requests and questions that pertain to Wacos wire sending/receiving, file funding, stop pays, voids, escrow accounts, NetImage requests and/or check requests.

Respond to any incoming phone calls to the department as needed and assist callers in the absence of the individual who was called.

Ensure compliance with state and federal laws, rules, and regulations by following the Alta Best Practices, Wire Fraud Best Practices, and participate in Escrow Accounting Training as needed.

Assist with payments for invoices/accounts receivable for WACO Title locations and code WACO bills/accounts payable using the applicable cost center and general ledger. Upon proper authorization verification, forward to Arvest Finance and Accounting for payment.

Cross-train with and back up other Accounting Clerks.

Understand and comply with bank policy, laws, regulations, and the bank\'s BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.