Remittance Processing Specialist II at BOK Financial in Grapevine, Texas

Job Description:

Req ID: 58934
Areas of Interest: Bank Operations; Payments
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies. .The Remittance Processing Specialist II is primarily responsible for the daily processing and packaging of complex remittance accounts either in the Retail or the Wholesale Remittance Department. Receives opens mail and processes deposits by manual or automated means, according to the customer specifications; balances payment transactions and performs data entry for data analysis and billing purposes; utilizes automated mail opening equipment, computerized processing equipment, and various output mediums to process complex accounts as customer and departmental procedures instruct; will learn a wide variety of Remittance functions and equipment operations.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

- Receives, sorts and opens remittance payment envelopes, including cash and non-cash items, by hand or by use of automated equipment according to type of payment and customer specifications; prepares general ledger cash entries; examines contents of mail for correct information by following specific set of detailed instructions for opening mail and preparing payment information; may screen checks for acceptable payee, signature, foreign items, correct amount and paid in full determining processable and non-processable items; sorts mail by specific remitter name.
- Produces reports detailing payment information according to customer specifications using on-line computer applications; reassociates customer work according to instructions preparing it for delivery by mail, courier or electronic means.
- Initiates start of day and end of day procedures which includes bringing up the necessary systems (TMS, sorters, servers, and stagers), transferring previous day remittance batches, verifying batches left in interactive processing. Initiates ACH batches that pass through PEP to the Federal Reserve and ultimately debit customer accounts.
- Balances and validates checks to remittance advices processed internally or received from external source (customer remote scanning, credit card processor) Enters payment information into main frame and PC based computer systems as requested by the customer.
- Uses high speed imaging equipment to scan checks and documents into TMS 2011 computer system.
- Performs daily, weekly and monthly data entry of remittance statistics for analysis and billing purposes.

KNOWLEDGE, SKILLS and ABILITIES:
- Thorough knowledge of remittance operations and equipment i.e., Unisys DP 300/500/600 computer capture encoder, MPE extractor, Opex 50, OPEX 2200/3690/7200 and various document scanners
- Thorough knowledge of remittance operations, policies and procedures including software and hardware applications
- Thorough knowledge of ACH, BSA, AML, HIPAA, and PCI Compliance
- Strong analytical skills
- Good organizational skills and ability to make decisions regarding sensitive processing procedures
- Advanced PC and network skills; includes word processing and spreadsheet software
- Good understanding of accounting principles
- Intermediate knowledge of personal computers, word processing and spreadsheet software
- Valid driver s license to collect mail from post office
- Ability to research, recognize and problem solve; detail oriented
- Ability to perform data capture (alpha/numeric) with 98% accuracyThis level of knowledge is normally acquired through completion of high school and 2 years experience in remittance operations.
BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!

Apply today and take the first step towards your next career opportunity!

BOK Financial is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.
Please contact recruiting_coordinators@bokf.com with any questions.