Lead Deposit Operations Specialist

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Full Time St. Cloud, MN, US

5 days ago Requisition

Salary Range: $70,000.00 To $80,000.00 Annually

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Lead Deposit Operations Specialist. T his is a hybrid position with an in-office rotation to our St. Cloud branch location.

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

Employee Stock Ownership Plan & 401k Plan

Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)

12-week Paid Parental Leave and Medical Leave:
With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.

$5,000 Family Care Reimbursement:
Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance

PTO from 13 to 23 days depending on tenure. Cashout and Carryover options

10 Days Sick Time

11 Paid Holidays

2 Days Self Allowance Time

Tuition Assistance

For this position, we anticipate a salary range between $70,000 - $80,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

The Lead Deposit Operations Specialist thrives in a fast-paced environment and provides support across multiple areas of the Deposit Operations department, helping ensure departmental functions run smoothly, efficiently, and effectively. The position requires leadership, flexibility, and proficiency in all areas of the Deposit Operations department, managing tasks and projects as business needs dictate. They must communicate effectively at all levels and be eager to learn and understand all responsibilities of the department.

This is a hybrid position and requires an in-office rotation.

• Operate as the team Lead by supporting multiple areas of Deposit Operations.
• Provide guidance and assistance to team members and help ensure daily processes are completed accurately and efficiently.
• Identify and lead process improvements and changes.
• Maintain a strong working knowledge of Deposit Operations and stay current on operational, regulatory, and industry trends and requirements.
• Assist with daily operational activities, including account maintenance and verification, IRA support, stop payments, NSF processing, debit card functions, controlled account activity, and other deposit-related processes.
• Perform daily, weekly, and monthly reconciliations and reviews of DDA, savings, general ledger, and controlled accounts, including researching and resolving discrepancies and exception items.
• Process and resolve non-post items, invalid ACH transactions, ACH and check returns, adjustments, and other operational exceptions.
• Support wire operations, including wire verification, processing, reporting, adjustments, logs, and related cash and clearing activities.
• Assist with Operations Funding activities, including monitoring required reserve positions, maintaining correspondent bank balances, processing Fed stock dividends, and coordinating borrowing and repayment of funds as…