Deposit Operations Representative

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Operations team in the Central New Jersey area as a Deposit Operations Representative.

Full Time hours 40 Hours per week, including Saturdays.

• Provide support for Online Banking, including password resets, access maintenance, and troubleshooting.
• Assist customers and internal staff with Remote Deposit Capture (RDC), mobile deposit, and debit/ATM card inquiries.
• Process research requests, including copies of checks and statements for customers, branches, and subpoenas.
• Process adjustments for encoding errors and resolve account discrepancies.
• Review and reconcile ACH reports, including ACH Mismatch Reports and ACH Balance Sheet proof.
• Download, track, and monitor ACH files from the business banking platform.
• Review IRA files and maintain required documentation.
• Monitor failed enrollment, new user, inactive user, and account maintenance reports.
• Review Checking and Savings new and changed account reports, including active, inactive, and promotional products.
• Review maintenance reports.
• Review RDC administrative and user activity reports.
• Review Business Banking transfers within Access Manager.
• Review Online Bill Pay exception reports, including high-dollar transactions.
• Set up customers on Retail Online Banking platform, and assist with Business Banking customers.
• Monitor Zelle activity reports.
• Reset internal user access to core and ancillary banking systems as required.
• Provides back up for all other Deposit Operations Functions by answering telephone inquiries and customer issues, including but not limited to:
  • Internet Banking – reset online banking customers
  • ATM – status card lost, and download ATM reports
  • Remote Deposit
  • Mobile Banking
• Perform duties according to established Bank policy and procedures.
• Performs other duties as assigned

• High School diploma or equivalent required, some college desired
• 2-4 years related Deposit operations experience required
• Must be available to work Saturdays 9AM to 1PM.
• Strong organizational and time management abilities
• Ability to reconcile reports and identify discrepancies
• Team-oriented with the ability to work independently
• Working knowledge of retail banking and Reg D desired
• Understanding of banking regulations related to deposits and electronic payments
• Knowledge of IRA documents and procedures desired
• Experience with Wire Transfer function desired
• Computer literate, including knowledge of Microsoft Office, Excel, Word and internet search.
• Must be detail oriented with excellent follow up skills
• Must maintain a high degree of confidentiality
• Excellent oral and written communication skills
• Ability to effectively interact with all levels of management.
• Ability to work independently.

Magyar Bank offers competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.

Only qualified candidates that meet the position requirements will be contacted.

Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer. M/F/D/V