Cash Admin Specialist I
Cash Admin Specialist I
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$ 55300 - 65500
1 Vacancy
Job Description
Company
Federal Reserve Bank of ChicagoSupports 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 MS Word MS Excel and automated information technology systems
- May be required to receive training and certification to operate material handling equipment as required by OSHA
- Must be able to communicate effectively and work independently and/or as part of a team
- Ability to work as a team member in a highly sensitive and rigorously controlled and monitored environment.
- Ability to work 5 days x 8 hours
What We Offer:
- Comprehensive benefits package including medical dental vision prescription drug coverage 401k savings plan retirement plan paid time off and transit benefit.
- A continuous learning environment with opportunities to gain new skills and grow your career.
- Onsite gym and subsidized cafeteria
Additional Information:
- As a condition of employment Federal Reserve Bank of Chicago employees must comply with the Banks ethics rules which generally prohibit employees their spouses/domestic partners and minor children from owning securities such as stock of banks or savings associations or their affiliates such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment you should raise this issue with the recruiter for this posting who can provide you contact information for our ethics official if necessary.
- This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties responsibilities and qualifications required of employees assigned to this job. An employees responsibilities tasks and duties might differ from those outlined in the job description and other duties as assigned are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description as business needs require.
The expected starting salary range for this position is in between $55300 and $65500 annually in addition to annual performancebased discretionary bonuses. Final salary and offer will be determined based on the applicants relevant experience skills internal equity and alignment with geographic and other market data.
The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
We are committed to equal employment opportunity regardless of race color ancestry religion sex national origin sexual orientation age marital status disability gender gender identity or expression or veteran status.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob Category
Operations Family GroupWork Shift
First (United States of America)The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
