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

Federal Reserve Bank of Philadelphia; Philadelphia (Philadelphia County); On-site; USD 35,000 - 55,000; Full time

Job summary

An established industry player is seeking a diligent Cash Operation Assistant to join their team. In this role, you will follow strict guidelines to manage currency processing in a high-volume environment. While cash handling experience is a plus, candidates with warehouse or manufacturing backgrounds will also be considered. This position requires physical stamina and flexibility for shift work, including overtime. Join a reputable organization that offers comprehensive benefits, including health insurance and a 401k plan, while contributing to essential financial operations.

Benefits

Health insurance

401k

Pension

Paid time off

Commuter allowance

Flexible schedules

Qualifications

• High school diploma or equivalent preferred; relevant work experience is acceptable.
• Minimum one year of related work experience required.

Responsibilities

• Perform currency verification and prepare documentation.
• Accept and verify deposits from armored carriers.
• Support currency destruction processes and assist with cash operations.

Skills

Cash handling

Warehouse experience

Manufacturing experience

Forklift operation

Physical stamina

Education

High school diploma or equivalent

Tools

Forklifts

Job description

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.

Position Overview

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. While cash handling experience is beneficial, it is not required; consideration will also be given to individuals with warehouse or manufacturing experience. The Cash Operation Assistant will support the destruction and distribution of currency according to established guidelines.

Shift Details

This position is for the 2nd shift: Monday-Thursday, arrival at 5:45 PM for a 6:00 PM start, until approximately 5:00 AM, with the Thursday shift ending Friday morning. Flexibility for overtime and shift adjustments is required. Initial training will also be conducted on 2nd shift.

Responsibilities

1. Perform currency verification, including preparing currency for processing, verifying currency, operating processing equipment, reconciling notes, and preparing documentation.
2. Meet production standards and quality measures within specified time frames.
3. Accept and verify deposits from armored carriers, inspect bags for integrity, verify contents, weigh bags, identify discrepancies, and manage returns.
4. Perform physical inventories, establish accountability, and prepare financial settlements daily.
5. Support currency destruction processes and assist with other cash operations as needed.
6. Manage inventory transfers, maintain custody of valuables, perform transactions, and ensure security protocols are followed.
7. Monitor deposit quality issues and recommend improvements.
8. Set vault clocks, open/close vaults, and adhere to safety practices.

Qualifications

• High school diploma or equivalent preferred; relevant work experience is acceptable.
• Minimum one year of related work experience.
• Ability to operate forklifts and other equipment may be required.
• Physical ability to lift 5-50 lbs., push/pull heavy trucks, and work standing for long periods.
• Flexibility to work different shifts.

Additional Information

Salary grade: Grade 5. Benefits include health insurance, 401k, pension, paid time off, commuter allowance, flexible schedules, and more.

Employment is contingent upon background checks, drug testing, and compliance with ethics and security policies. Equal opportunity employer. Must be authorized to work in the U.S. and able to work on-site full-time.

For more information and to apply, visit the Federal Reserve System Careers website or verified social media channels.