JPMorgan Chase & Co.

210028233 - CIB - Remittance Processing Specialist/3rd Shift

Posted on: 19 Feb 2021

Chicago, IL

Job Description

JPMorgan Chase's Receivable Operations division supports lockbox services delivered to wholesale (corporate), public sector state government, and Federal government clients. The firms Receivables Operations division enables customers to accept traditional paper-based payments from clients by capturing information with efficient technology services and transferring it to an output file for accounts receivable updating. The main objective is to expedite collections of payments due by getting the check that's in the mail deposited into the biller's account as quickly as possible. A second objective is to expedite the posting of payment information, allowing the customer to update their account records. This can substantially reduce costs and expedite the crediting of deposits to individuals accounts, which provides high customer satisfaction and a rewarding service. Our strategic focus is to deliver an extraordinary level of service and quality to our customer while leveraging the firm's operations and technology infrastructure.

As a Remittance Processing Specialist, the individual will be responsible for processing daily document transactions which can include some moderately complex tasks. Each function may have multiple tasks per transaction. These transactions require judgment and experience with limited direct supervision. While receiving clear instruction, the individual must maintain the highest level of production and accuracy on a daily basis. The individual must also focus on process effectiveness with an emphasis on high quality service and productivity.

Specific responsibilities will include, but are not limited to the following:

* Operating Imaging/Extraction Equipment (iTRAN, IBML, OPEX 7200, OPEX 150)
* Preparing batches of work by extracting checks and remittances from envelopes
* Inputting data into the system while following standard operating procedures and customer specific instructions for processing
* Verifying negotiability of checks through customer specific instructions for processing
* Re-associating check images to corresponding material while validating quality of images
* Balancing/reconciling electronic and paper documentation
* Analyzing information to determine accuracy and completeness of work
* Conducting non-routine research
* Recommending procedural and workflow changes to enhance quality and productivity
* Making judgment calls regarding routine duties but refer non-routine situations to a supervisor and/or manager
* Demonstrating proficiency in all complexities, processing modes and department equipment
* Maintaining site productivity and quality standards
* Contributing to meeting team goals in addition to individual responsibilities
* Ensuring that all customer and bank guidelines are followed as related to operations, internal audit and security, and general practices
* Effectively utilize teamwork behaviors

Requirements:

* Remittance Processing or banking operations experience preferred
* Ability to analyze and comprehend clients standard operating procedures and instructions
* Intermediate computer skills and knowledge of Microsoft applications
* Intermediate Qwerty keyboard usage and basic 10-key data entry
* Production environment focus around meeting deadlines and quotas
* Attention to detail with accuracy and good eye-hand coordination
* Strong ability to complete multiple manual tasks per transaction with precision
* Keen sense of quality control and practices
* Good oral and written communication skills
* Excellent organizational skills
* Flexibility and willingness to learn and be utilized in all areas of operation
* Open minded with a positive attitude
* Effectively interact with all diverse groups within the organization
* Physical requirements: Sitting up to 90% of the time, Standing up to 10% of the time, Lifting up to 15% of the time and up to 50 pounds; Walking up to 15% of the time Work

Schedule: Sunday - Thursday / 11pm - 7:30am

Temporary Work Schedule C: Sunday - Wednesday with alternating Wednesdays off / 8pm - 6:30am

Pays 15% shift differential

This position may require you to work non-traditional hours and/or additional hours as business needs arise.

JPMorgan Chase & Co.

New York, New York

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.

This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.

The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.

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