Cash Funding Specialist, Funds Management, South Bend, IN

Job Category:Funds Management Requisition Number:CASHF003341

Posting Details

- - Posted:September 24, 2024

• Full-Time

• Locations Showing 1 location South Bend Main Office 100 N Michigan St South Bend, IN 46601, USA

Job Details

Description

POSITION SUMMARY:Responsible for the effective monitoring of 1st Source Banks net cash position, along with Federal Reserve and Correspondent Banking Accounts. Process interest and charges on Swap activity, while supporting the overall function of Funds Management.

ESSENTIAL REQUIREMENTS:

• Develops and maintains frequent contacts with Correspondent banks, as well as the Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis.
• Manage the manual rate change process for deposit customers.
• Assists the Accounting Department with reconciliation(s) of correspondent bank and TCH statements.
• Develops and maintains throughout the department an awareness of cash position and potential funding needs.
• Assist in the strategic management of 1st Source Banks liquidity and cash position using contingent borrowings.
• Assists in overseeing the selection of correspondent banking relationships.
• Oversee the annual Payment System Risk Self-Assessment process and Correspondent Bank annual Review.
• Responsible for the completion of all compliance training related to the position.
• Must understand all applicable laws and regulations that apply to the position and comply with the requirements.

NON-ESSENTIAL FUNCTIONS:

• Coordinates various activities required for successful financial services.
• Performs all other duties as assigned.

EXPERIENCE/SKILLS:Three (3) to five (5) years of job-related experience preferred.

• Good PC skills--proficiency in Microsoft Word and Excel essential.
• Ability to communicate effectively both verbally and in writing.
• Ability to protect the confidentiality/privacy of others as appropriate, as well as of company documents and records.
• Ability to handle multiple tasks in a fast-paced environment.
• Ability to meet specific deadlines.
• Customer service oriented.

EDUCATION:Bachelor's degree preferred. TRAVEL REQUIREMENTS:Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, seminars, etc.

PHYSICAL DEMANDS:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds. EQUIPMENT:MS Office PC, fax, phone and standard office equipment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the empl yer, or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c)