Financial Processing Analyst

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2025 award! 

As we continue to grow, we are on the lookout for exceptional talent to join our dynamic team. At Lafayette Federal Credit Union, we pride ourselves on our commitment to excellence and our reputation as an employer of choice.  We believe that the dedication and skills of our team members are crucial to achieving our mission of becoming the premier financial partner for our community. Your potential contributions are invaluable, and we are excited to welcome new team members who share our passion for innovation and high performance.

About us:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! In addition to our Top Workplaces recognition by USA Today, we've also earned numerous accolades including:

• Newsweek’s America’s Best Banks list
• A 5-star rating from Bauer Financial
• Recognition by S&P Global's Top Performing Credit Unions

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry. 

Lafayette Federal may have the perfect opportunity for you! 

We are currently seeking an innovative, enthusiastic, and experienced Financial Processing Analyst who has worked with Wire Transfers, IRA’s, and Deceased Accounts. 

Requirements

A day in the life of a Financial Processing Analyst will include:

• Daily processing of incoming and outgoing wire transfer requests. This includes adhering to governing regulations, wire policies and procedures to ensure compliance. In addition to performing member verification, enhanced due diligence, system processing and fraud prevention.
• Maintaining Lafayette membership’s IRA portfolios by processing IRA requests and providing support to frontline staff in a timely manner. This includes processing new IRAs, contributions, distributions, account maintenance requests, and IRA and ESA tax reporting in
• accordance with applicable IRS rules and regulations.
• Being responsible for processing deceased members accounts which may include but is not limited to tasks related to proper communications to all parties involved, placing applicable holds, reclamations, updating account ownership, disbursements and resolving estate/probate settlement issues.
• Being responsible for recognizing patterns and trends of suspicious or fraudulent activity, following established procedures, and escalating to management; collaborating with the Fraud Team to minimize losses to members and the credit union.
• Complying in an accurate and timely manner with all annual mandated training requirements that pertain to your position at Lafayette Federal CU including but not limited to Bank Secrecy Act/Anti-Money Laundering/OFAC/Cybersecurity/Diversity & Anti-Harassment/Fair Lending.
• Attending classes on estate planning and settlement. Recommending changes to improve service to the membership. Attending training sessions by Ascensus to ensure compliance with IRA rules and regulations. Trains and keep Lafayette staff informed of any new IRA rules and regulations.
• Preparing a variety of reports on an on-going basis. Performs other duties as assigned by the
• Financial Processing Manager and/or PVP of Financial Operations.

Experience:

• Three to five years of similar or related experience

Education:

• High School Diploma

Top benefits or perks:

Joining Lafayette Federal comes with perks to support you in your personal and professional journey.

We provide employees with a generous benefits package including:

• Employer paid (99.9%) health insurance premium for single