Cash Operation Assistant- High Speed- (2nd Shift)

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Reporting to the Cash Supervisor, you will follow a strict set of defined rules and regulations, to receive, payout, and process currency in a high-volume production environment with support. While Cash handling experience is beneficial, it is not a requirement for this position. Consideration will also be given to individuals who have warehouse or manufacturing experience. The Cash Operation Assistant will support the destruction and distribution of currency according to established guidelines.

This position is for the 2nd shift :

Monday-Thursday, arrival at 5 : 45 PM for 6 : 00 PM start, until approximately 5 : 00 AM, with the Thursday shift ending Friday morning. Flexibility is needed for potential overtime and end of shift settlement. Initial training for this position will also be conducted on 2nd shift.

What You Will Do :

Depending upon your assigned area of operation, responsibilities include only the appropriate items below :

You will perform currency verification responsibilities on a rotating basis including, preparing currency for machine processing; verify currency; operate BPS3000 processing equipment; reconcile machine-rejected notes; and prepare documentation and complex settlements and reconcilements for the work processed by the team.

You will be required to meet production standards and quality measures given a specified time frame.

As part of a processing team on a rotating basis :

You will accept and verify deposits of currency and coin from armored carriers; inspect bags of currency and coin for integrity; verify the currency or coin received according to department procedures; weigh bags which are suspected not to contain the reported value; identify discrepancies in deposits of currency or coin and returns to the sender.

Perform a physical inventory of holdings periodically to ensure accuracy and at the end of the day establishes accountability and prepares financial settlements at the end of the processing day.

Perform as member of a team with primary responsibility for filling currency orders with fit currency from the Currency Counting Unit and new currency from Bureau of Engraving and Printing for pay-out to designated carriers.

Perform physical inventory of holdings after each order is released and at the end of the day and for preparing financial settlements daily.

You may be assigned responsibility to perform as a witness for currency destruction or help with other areas of Cash Operations as determined by workflow and volume.

You may be assigned to a vault control team with accountability for a large inventory of currency or coin.

Transfer currency and coin to processing units following established controls and procedures and maintains custody of valuables from receipt until transfer.

Maintain control of and accountability for an inventory of currency or coin, perform settlements of transfers, transactions and end of day balances. Enter data into the Integrated Accounting System or Standard Cash Application for all transactions conducted and internal transactions between teams within the Cash Department.

Perform entry of transactions, inventory maintenance, verification, balancing, accounting entry and proof generation on a personal computer or similar device. Inspect the work area at the end of the processing day to ensure that all valuables have been secured to department standards.

Monitor and record problems with deposit quality and makes recommendations to management to enhance effectiveness and efficiency.

As scheduled, sets currency vault clocks and opens and closes vault according to prescribed procedures. Fulfill job responsibilities in conformance with sound safety practices.

Performs other related duties as assigned.

What You Have : Knowledge :

Knowledge or relevant experience of cash operations and clerical tasks.

Communicate with department and team.

Identify, and resolve less complex settlement issues. Work with a minimum level of guidance. May require the ability to operate forklift vehicle.

What You Have : Knowledge :

• Entry level math test (administered by recruiter) may be required before interview by department.
• Minimum one year work experience in similar capacity.

Other Requirements :

The salary grade for this position is : Grade 5. Final salary and offer will be determined by the applicant's background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features :

Additional Information :

Because this job is considered a safety sensitive position, following a conditional offer of employment, a drug screen for all controlled substances prohibited by federal law, including marijuana, will be required.

#LI-Onsite

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Operations Family Group

Work Shift

Second (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 ( https : / / rb.wd5.myworkdayjobs.com / FRS ) or through verified Federal Reserve Bank social media channels.

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