*This role is at the client site in Richmond, VA
The Insurance Brokerage Cashier is responsible for reviewing and approving all incoming and outgoing money movement transactions for brokerage accounts including checks, Automated Clearing House (ACHs), internal journals and wires. Closely monitor brokerage accounts for suspicious activity and work with the Anti-Money Laundering (AML) department to resolve any issues.
Key Responsibilities:
Money movement processing to include the review and approval of all wires, checks, ACH and internal journals for retirement and non-retirement accounts. Review documentation (e.g. transactional forms, legal paperwork) to ensure documentation is in good order.
Review and approve standing and periodic instructions between brokerage account and bank account.
Deposit processing to include the review and approval of all deposits made by the front office to ensure checks are in good order. Reconcile/balance all deposits at the end of day. Research and resolve outages.
Process client deposits to include scanning checks for deposit into the firm's bank account as well as inputting the corresponding deposits to the client's brokerage account.
Monitor IRA rollover deposits to make sure there is a Rollover Certification on file.
Work exception reports to make sure brokerage accounts remain in good standing (e.g. Debit report, IRA RMD report, Uncashed check report). Notify the front office of any exceptions.
Monitor brokerage accounts for suspicious activity and work with the AML department to resolve any issues.
Assist the Client Services department, front office and clients by researching and responding to inquiries and requests for information.
Remain knowledgeable about rules and regulations related to deposit, check, wire and ACH processing.