Cash Admin Specialist I

Company

Federal Reserve Bank of Chicago

Supports the circulation of currency and coin inventory to meet the needs of financial institutions and the public during normal operations and contingency situations.

Strict adherence to a set of defined rules and regulations, including those outlined in the Treasury Currency Operations Manual (TCOM), Custody Control Principles and Standards (CCPS), Federal Reserve Accounting Manual (FRAM) and internal District and System Cash Procedures, is required.

As a Cash Admin Specialist I, you will be part of a team that provides customer service to depository institutions including retrieving and adjusting currency orders, submitting daily statistical data to the Board and independently verifying and balancing the currency transactions of the cash handling teams, as part of SOX controls.

You will settle the department transactions each business day as part of the bookkeeping task.

The level of work required is considered intermediate and staff must be able to work as part of a custody team and under general supervision.

You may provide some training and/or directions to other staff.

This position does not have direct reports.

Your Responsibilities:


* Performs general administrative functions for the department including but not limited to preparation of correspondence, verification of staff time records, and filing.


* Creates outgoing currency paperwork for the Currency Paying department.


* Performs due diligence procedures for currency and/or coin orders that require administrative assistance.


* Places new currency and coin orders as applicable.


* Independently verifies Cash department daily balance documentation using source documents.


* Performs end of day balancing and settlement transactions in accordance with governing documents for the entire Cash department.


* Complies with all District and Treasury procedures associated with approving and certifying daily and monthly notes destroyed.


* Researches and responds to customer inquiries and/or needs.


* Escalates issues to management as appropriate.


* Compiles data for correspondence in response to District, System or industry inquiries and provides support to identify and resolve operational problems.


* Compiles daily, weekly and monthly statistics documentation on volume and inventory levels and prepares reports for internal and external use.


* Maintains and applies thorough knowledge of multiple procedural documents.

Identifies issues to ensure compliance with System, District and Branch procedures and guidelines.


* Receives annual training on the many controls and procedures governing these duties.


* Conducts unit reviews as applicable.

Supports projects or analysis assigned by management.

Your Background:


* High school diploma or equivalent Relevant coursework in business, accounting, and/or operations 1 or more years of related work experience


* Ability to use MS Outlook...