AVP Financial Operations Lead
AVP Financial Operations Lead
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Salary Not Disclosed
1 Vacancy
Job Description
Overview
For over 20 years The Bancorp has been providing nonbank companies with the people processes and banking technology to meet their individual needs. As a result we have become an industry-leading provider of reliable technology forward solutions that move our partners businesses into the future. At The Bancorp we define Fintech Partnerships. The Bancorp does more than just enable our clients product innovations; we create lasting partnerships with a future-focused approach to technology and services. Today and every day we work to continually transform the payments landscape.
The AVP Financial Operations Lead manages daily funds settlement of transaction processing for customers of Fintech Solutions which includes daily funds transfers financial support of fintech programs creation of accounting entries the initiation of ACHs and wire transfers and daily settlement wire transfers. The position includes interaction with other areas of the Bank and clients to troubleshoot and resolve issues.
Responsibilities
Essential Functions
- Maintains operations processes and procedures for the financial operations team to ensure the department runs smoothly and efficiently
- Ensures processes and procedures documents are current controls are in place and operations are compliant with all applicable accounting and internal and external audit requirements rules and government regulations
- Recommends and implements changes in processes procedures and controls as needed to enhance operations
- Oversees the daily financial funding settlement and money movement processes
- Responds to the most complex elevated employee and client issues. Answers questions resolves issues explains process and rules governing financial operations funding and settlement processing and related issues
- Oversees monitors and maintains proper funding for PSG card programs e.g. levels of prefunds for each FSA employer or Third-Party Administrator (TPA) in accordance with company policy and practice
- Manages financial operations systems projects conversions elevations and implementations
- Oversees end-to-end testing of new software updates and other related application elevations to understand and manage impacts to the financial operations processing accuracy and completeness
- Manages the communication of system changes and trains department staff on new procedures or processes resulting from a system update
- Supervises reconcilement of the benefit card program-related direct deposit accounts on a regular basis
- Builds and maintains close working relationships with external clients and a variety of internal departments
- Informs clients of financial funding process and changes as needed. Gathers feedback to continually improve operations
- Manages and completes the monthly FTS escheatment including working monthly reports and research as needed
- Performs other related duties as assigned.
Leadership Responsibilities
- Assists people manager in overseeing team in day-to-day operations.
- Creates an inspiring team environment with an open communication culture.
- Delegates tasks and sets deadlines to achieve goals.
- Identifies training needs and provides coaching.
- Inspires confidence and motivates others to perform at their best.
Qualifications
Education/Experience Requirements
- An undergraduate degree in accounting or a related field or an equivalent combination of training and experience.
- A minimum of 5 years related banking and/or accounting experience.
- A minimum of 2 years previous supervisory experience.
Preferred Qualifications
- Specific experience in banking related to fund movement via ACH and wire transfer is preferred.
- Previous settlement process experience with Visa MasterCard and Discover preferred.
- Strong working knowledge of accounting funding and settlement processes.
- Excellent verbal written and interpersonal communication skills with internal and external partners.
- Excellent analytical skills and self-reliant.
- Excellent judgment and creative problem-solving skills.
- A team player with the capacity to manage multiple priorities and work effectively in a team fostered multi-tasking environment.
- Strong mentoring and coaching experience to a team with diverse levels of expertise.
- Energetic flexible collaborative and proactive; a team leader who can positively impact both productivity and morale.
- Proficient in Microsoft Office suite e.g. Excel PowerPoint Word Outlook.
Background & EEO Statement
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank N.A. and Benefits Information:click here
Diversity & Background Screening
Diversity & Inclusion at The Bancorp Bank: click here
The Bancorp Bank N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race color religion gender gender identity sexual orientation pregnancy citizenship national origin age disability genetic information veteran status or other protected category with respect to recruitment hiring training promotion and other terms and conditions of employment.
Employment with The Bancorp Bank N.A. includes successfully passing a background check including credit criminal education employment OFAC and social media background history.
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Required Experience:
Exec
Employment Type
Full-Time
