CIT Group Inc.

Specialist III - Cash Balancing

Location US-CA-Santa Monica
Job ID
30176
# Positions
1
Job Family
Operations
Type
Full-Time

Overview

 

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.

Responsibilities

• Reconciles and balances Cash-on-Hand g/l accounts.
• Reconciles and balances Teller Exchange g/l accounts.
• Complete teller variance research in accordance with the Service Level Agreement (SLA) of 72 hours.
• Performs research & resolves Teller Insight Dashboard differences
• Prints and disseminates Teller Insight reports received from the retail offices.
• Performs research & resolves items posted in the suspense g/l accounts: CD/Savings Suspense (23303), Rejects Suspense (27000) and outstanding Official Checks.
• Print teller cash reports and g/l reports.
• Pre-balances Teller Exchange g/l accounts.
• Prepare retail office balancing envelopes.
• Prepares and process adjustment entries as required.
• Prepare monthly verification and certification of relevant g/l accounts.
• Files completed and approved branch-balancing envelopes.
• Maintain accurate and legible production logs.
• Meets unit established productivity and quality/timeliness ratings.
• Maintains a clean and organize workstation.
• Prepares cash balancing boxes for offsite storage.
• Perform cash reconstruction process for large teller variances.
• Consistently completes “2nd review” variance research in less than 120 hours.
• Perform related duties and special projects as assigned.

Qualifications

• Has excellent knowledge and understanding of retail office operation.• Excellent knowledge and understanding of the “Image Processing’ as opposed to “Item Processing” environment.• Has the ability to differentiate “live / real time” transactions versus “Proof of Deposit (POD) Transactions” (item) processing.• Ability to analyze, recognize and understand the types of out of the norm cash related transactions, such as mortgage payments, loan payments, Traveler’s checks purchase, Cashier’s Checks purchase, TT&L payments, client cash exchange requests (i.e. client change $100 bill to 5 $20 bills), Service fees, etc.• Well-developed written and verbal communication skills.• Has excellent knowledge and understanding of the Branch Capture system.
• Has the ability to use ten keys by touch.• Excellent knowledge of MS software programs such as Excel and Word.• Detail oriented, excellent organizational and time management skills.• Has ability to maintain effective working relationships with all levels of Bank Personnel, clients and business associates.• Ability to lift and carry a box of records that typically weigh 25 to 50 pounds

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