Payment Specialist

Job Description

Job Description:\n\nGreetings of the day Position 1: Sr. Payment Analyst – Check Item / Exception Processing Location: Jackson MI Skills and Qualification – · Candidate should have minimum 3+ Years of work experience in Payment Processing – Check Item/Exception processing. · Good understanding regulation related to Checks · Strong knowledge of Check clearing procedures. · Expertise payment platforms – SCO Web or equivalent banking portals. · Proficiency in bank account validation, exception handling, reconciliation, and settlement processes. · Strong analytical and problem-solving skills for resolving payment failures, variances, and investigations. · Understanding fraud control mechanisms, OFAC/AML compliance, and risk-mitigation procedures. · Excellent attention to detail, accuracy, and adherence to internal controls and dual authorization workflows. · Strong communication skills for interacting with banks, vendors, auditors, and internal stakeholders. · Ability to operate in high-volume, deadline-driven environments while maintaining accuracy. Certifications Needed: · Education level required:High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent (Add applicable additional detail i.e. field of study required or equivalent work experience if applicable) · Minimum experience required: 3+ in Banking Operations Key Deliverables: · Execute end-to-end payment processing for Checks, ensuring accuracy, compliance, and timely settlement across domestic and international transactions. · Prepare, validate, and transmit Check disbursement batches bank portals with required approval controls. · Manage beneficiary/payee verification, bank detail validation (routing/IBAN/BIC), and adherence to dual control workflows. · Monitor and process returns, rejects, and exceptions, check exceptions (stop payments, stale/altered checks). · Oversee lockbox remittance preparation, scanning and submission. Develop and deliver customized reporting solutions for high value clients · Review, research and resolve inclearing check exceptions (MICR encoding errors, non-post items, stop payments, lockout flags, etc) · Process and validate outgoing check returns incompliance with Federal Reserve guidelines · Monitor deadlines to avoid financial loss · Conduct daily reconciliations of check registers against bank statements, resolving breaks with thorough root-cause analysis. · Perform and review account and transaction reconciliations. Investigate and resolve complex discrepancies · Review, qualify all foreign checks presented for deposit & Resolve return/adjustments as received. · Handle escalated check negotiability cases and ensure accurate creation of customer adjustments. Provide guidance on exception handling. · Maintain cut off time adherence, ensuring timely release of check processing aligned with banking schedules and value dates. · Generate and maintain daily/weekly/monthly reports including settlement summaries, exception logs, outstanding checks, and operational dashboards. · Ensure adherence to all applicable regulations. Serve as a liaison with Compliance and Audit teams during reviews and assessments · Develop and update SOPs, process documentation, and audit artifacts, supporting continuous improvement, internal controls testing, and operational efficiency initiatives. · Technical / Non-Technical Skills: · Excellent MS Office skills – MS Excel, Power Point, Excel Macros and E Mail Drafting · Good Typing Speed of 28 WPM with >=95% accuracy · Excellent Communication skills – to Review Email, to attend Client Calls, Onshore Training etc Behavioral Skills: · Working Hours – should be flexible to do Over Time duty if required. · Punctual and adherence to attendance and Leaves · To report to Team Lead and follow the Instructions and the HR Policies as per Company Expected Competencies: · Interpersonal Effectiveness: Candidate should be a team player and demonstrate required aptitude and attitude towards work and the Team. · Service Orientation: Candidate should be Customer Centric and committed to delivering the best to Customers and the Business. Position2: Sr. Payment Analyst – ACH Processing. Location: Jackson MI Skills and Qualification – · Candidate should have minimum 1 to 5 Years of work experience in Payment Processing. · Good understanding NACHA, Fedwire/CHIPS/SWIFT and regulation related to ACH. · Strong knowledge of ACH processing rules and Dispute Handling · Expertise payment platforms such as ACH Plus, ACHPS, or equivalent banking portals. · Proficiency in bank account validation, exception handling, reconciliation, and settlement processes. · Strong analytical and problem-solving skills for resolving payment failures, variances, and investigations. · Understanding fraud control mechanisms, OFAC/AML compliance, and risk-mitigation procedures. · Excellent attention to detail, accuracy, and adherence to internal controls and dual authorization workflows. · Strong communication skills for interacting with banks, vendors, auditors, and internal stakeholders. · Ability to operate in high-volume, deadline-driven environments while maintaining accuracy. Certifications Needed: · Education level required:High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent · Minimum experience required: 3+ years in ACH Operations within a financial institution or payments processing environment · Experience with ACH processing systems · Strong knowledge of NACHA operating rules, Regulation E, and the ACH network. · In-depth knowledge of check clearing processes, Check 21, Regulation CC, and item processing systems Key Deliverables: · Process, verify, and balance high-volume ACH transactions including credits, and debits, returns, and notifications of change (NOCs). · Research discrepancies to ensure accuracy and prevent fraud or operational risk; and report issues of concern or matters of potential risk to management. · Maintain daily logs and documentation for transaction processing and reporting · Monitor and resolve rejects, exceptions, and outstanding items within set timelines · Participate in end-of-day balancing and reconciliation procedures. · Assist with resolution of operational issues and inquiries. · Manage beneficiary/payee verification, bank detail validation (routing/IBAN/BIC), and adherence to dual control workflows. · Monitor and process returns, rejects, and exceptions, including ACH return codes (R01–R85), and investigations. · Conduct daily reconciliations of ACH batches resolving breaks with thorough root-cause analysis. · Maintain cut off time adherence, ensuring timely release of ACH runs aligned with banking schedules and value dates. · Generate and maintain daily/weekly/monthly reports including settlement summaries, exception logs, and operational dashboards. · Ensure compliance with NACHA, Fedwire/CHIPS/SWIFT standards, and internal audit requirements through robust documentation, controls, and process governance. · Develop and update SOPs, process documentation, and audit artifacts, supporting continuous improvement, internal controls testing, and operational efficiency initiatives. Technical / Non-Technical Skills: · Excellent MS Office skills – MS Excel, Power Point, Excel Macros and E Mail Drafting · Good Typing Speed of 28 WPM with >=95% accuracy · Excellent Communication skills – to Review Email, to attend Client Calls, Onshore Training etc Behavioral Skills: · Working Hours – should be flexible to do Over Time duty if required. · Punctual and adherence to attendance and Leaves · To report to Team Lead/Manager and follow the Instructions and the HR Policies as per Company Expected Competencies: · Interpersonal Effectiveness: Candidate should be a team player and demonstrate required aptitude and attitude towards work and the Team. · Service Orientation: Candidate should be Customer Centric and committed to delivering the best to Customers and the Business. Position3: Senior FX Ops Payment Analyst Location: Jackson MI Skills and Qualification – · Candidate should have minimum 4+ Years of work experience in Payment Processing · Familiarity with regulatory reporting, central bank guidelines, and international banking standards. · Experience with CLS (Continuous Linked Settlement) eligible transactions, FX netting, Nostro funding, and reconciliation systems. · Exposure to core banking systems, trade lifecycle tools, and wire‐processing platforms. · Strong understanding of compliance requirements for cross‐border transactions and FX operations. Certifications Needed: · Education level required: College, Vocational or Associates Degree (2 years or equivalent) in Business, Finance or related field. Consideration of equivalent work experience · Minimum experience required: 4+ Years of experience in FX operations, international wire processing or banking operations. · Hand-on experience with SWIFT messages (MT103/202), FX platforms (e.g., FXall, 360T, Bloomberg), and international payment systems. · Strong knowledge of global currency settlement processes and related compliance controls. Key Deliverables: · Process, validate, and confirm FX trades across multiple currencies using internal systems and external trading platforms (e.g., FXall, 360T, Bloomberg). · Foreign Currency Processing & Trade Oversight: Monitor and execute multi-currency FX transactions, verify rates and settlements, and validate booking accuracy. · International Wire & SWIFT Payment Execution: Ensure timely and accurate processing of cross-border wire transfers using SWIFT and internal systems. · Settlement Coordination and Execution: Ensure accurate and timely settlement of FX trades. Coordinate with counterparties, custodians, and FX front office. Monitor Nostro accounts and manage currency funding. · Reconciliation and Break Resolution: Perform daily reconciliation of FX transactions and investigate unmatched trades, failed settlements or rate discrepancies. · Client and Internal Stakeholder Support: Communicate with relations managers, trading desks and operations teams to resolve inquiries, provide updated and escalate issues. · Reporting and Documentation: Maintain accurate trade and settlement records. Assist in preparing internal reports, regulatory disclosures and audit documentation. · Cross Functional Support, Training, System Testing, Process Improvement: Support peer training, contribute to cross training as needed. Participated in system upgrades, workflow enhancements and control testing related to FX. · Issue Resolution & Escalation Support: Act as an escalation point for wire exceptions, payment delays or rate disputes involving FX operations · Uses knowledge-based judgement and discretion to make decisions pertaining to FX processing. · Analyzes and resolves problems pertaining to FX processing. · Provide subject matter guidance and mentoring to junior team members or new hires. Technical / Non-Technical Skills: • Excellent MS Office skills – MS Excel, Power Point, Excel Macros and E Mail Drafting • Good Typing Speed of 28 WPM with >=95% accuracy • Excellent Communication skills – to Review Email, to attend Client Calls, Onshore Training etc Behavioral Skills: • Working Hours – should be flexible to do Over Time duty if required. • Punctual and adherence to attendance and Leaves • To report to Team Lead and follow the Instructions and the HR Policies as per Company Expected Competencies: • Interpersonal Effectiveness: Candidate should be a team player and demonstrate required aptitude and attitude towards work and the Team. • Service Orientation: Candidate should be Customer Centric and committed to deliver the best to Customers and the Business. Position4: Sr. Payment Analyst – Wire Operation. Location: Jackson MI Skills and Qualification – · Candidate should have minimum 4+ Years of work experience in Payment Processing · Advanced knowledge of: Wires Systems, core banking platforms, compliance and fraud screening tools · Ability to lead or coordinate projects · Familiarity with write transfer systems: Fedwire, SWIFT, CHIPS · Understanding of risk-mitigation in high-value transaction processing · Experience using bank platforms, Fiserv, FIS, Finastra or similar core banking systems · Strong interpersonal skills and ability to communicate with internal and external clients in a clear and concise manner · Proficiency in bank account validation, exception handling, reconciliation, and settlement processes. · Strong analytical and problem-solving skills for resolving payment failures, variances, and investigations. · Understanding fraud control mechanisms, OFAC/AML compliance, and risk-mitigation procedures. · Excellent attention to detail, accuracy, and adherence to internal controls and dual authorization workflows. · Strong communication skills for interacting with banks, vendors, auditors, and internal stakeholders. · Ability to operate in high-volume, deadline-driven environments while maintaining accuracy. Certifications Needed: · Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent · Minimum experience required: 4+ Years in banking operations, specifically with wire transfer processing, both domestic and international · Demonstrated expertise with wire transfer systems · Experience handling high-value transactions with minimal supervision · Prior experience working in a regulated financial environment with exposure to risk controls and compliance procedures Key Deliverables: · Wire Processing and Oversight: Process and authorize complex domestic and international wires; ensure high-value and exception wires are executed accurately and timely. · Monitoring Wire Activity: Monitor daily incoming and outgoing wire activity to ensure timely settlement and resolution to any exceptions to ensure all transactions are processed accur

Company Description

K-Tek Resourcing is a consulting organization with offices in Houston TX and St. Paul, MN. It is supported by 2 global delivery centers, located in India. With its global employee strength of over 250, K-Tek has been supporting its clients for over 9 years.\r\n\r\nWhy K-Tek\r\nK-Tek has a tenet of excelling at delivering resources and solutions based on its experience, integrity, distinction in delivery, reduced turn-around time and the consistency at being the "First Time Right".\r\n\r\nVision / Mission\r\nAt K-Tek we believe in understanding the specific needs of the customer and tailor-creating innovative solutions to meet these needs. We invest in our employees and customers. We build a relation of trust with our customers through empathy, solutions and being the first time right.\r\n\r\n K-Tek Resourcing LLC is one of the leaders in Resourcing industry with a portfolio of over 300+ consultants working at different client’s sites. Our commitment to compliance, excellent client servicing and superior quality has positioned us for sustained success.