Operation Analyst-Custodial Operations at WEX, inc. in Omaha, Nebraska

Posted in Other 4 days ago.

Job Description:

Operation Analyst-Custodial Operations

WEX Health provides services to various providers of Health Savings Accounts (HAS). In support of those relationships WEX Health provides custody services for HSA bank accounts on behalf of our Partner organizations through the WEX Inc. Non-Bank Custodian (NBC). The role is the Team Lead of the operations department which facilitates the processing of consumer contributions, distributions, credit card settlement, and investment accounts providing both custody services and reconciliation of balance and activity.

Responsibilities Include:

  • Processing day-to-day operations of the NBC

    • Reconciliation of financial activity

    • ACH processing

    • Wire Processing

    • Reporting

  • Operate Internal and external systems to facilitate transactions in support of:

    • Partner account setup and maintenance

    • Partner compliance with account opening responsibilities

    • Reconciling and moving HSA Contributions to appropriate Depository accounts

    • Reconciling and moving HSA Distributions to appropriated Distribution accounts

    • Reconciling and processing Consumer Investment Transactions

    • Monthly interest and reporting

  • Maintain operational relationships with outside vendors in support of:

    • Depository Banking operations

    • Investment Buys and Sells

    • Tax reporting

    • Escheatment

  • KPI Reporting and compliance

    • Manage internal and report on external Service Level Agreements

  • Provide input into the creation of new procedures.

Required Qualifications:

  • Experience of working within a large organization, preferably within the Financial Services industry (preferably 1 year)

  • Some understanding of the Custody Services Business.

  • Experience of working within in a control function or in close partnership with control functions (preferably 1 year) Experience of working across multiple business areas and/or functions to deliver results

  • Travel requirements: -extremely limited

Desired Additional Qualifications:

  • Strong analytical and numeracy skills

  • Attention to details and proven ability to work accurately and under pressure to meet deadlines

  • Communication and influencing skills to implement change across the end to end process.

Equal Opportunity Employer/Vets/Disability