Deposit Support Specialist

Freedomfcu; Edgewood (MD); On-site; USD 35,000 - 50,000; Full time

Benefits offered by this job

Paid time off

Medical, Dental, and Vision coverage

401k Retirement Plan

Tuition Reimbursement

Job summary

Freedomfcu in Edgewood, Maryland is seeking a Deposit Support Specialist to support deposit and legal processing within the Operations Support Department. This role requires executing transactions, conducting research, and maintaining accurate records to ensure compliance with regulatory requirements.

The ideal candidate will have a high school diploma with 2+ years in banking or financial services and must demonstrate strong communication and collaboration skills. Benefits include medical coverage, paid time off, and a $500 sign-on bonus.

Qualifications

• Minimum 2+ years of banking or financial services experience, or equivalent education and experience.
• Experience with transactional processing, research, or member service functions preferred.
• Ability to work flexible hours, including evenings and weekends.

Responsibilities

• Perform account research and complete adjustments for accuracy and compliance.
• Process transactions including deposits, withdrawals, and legal orders.
• Maintain confidentiality and security of member information.

Skills

Operational Excellence

Risk & Compliance Awareness

Member Focus

Team Collaboration

Communication

Learning Agility

Education

High school diploma; Associate or bachelor’s degree preferred

Job description

Position Overview

The Deposit Support Specialist supports deposit and legal processing functions within the Operations Support Department. This role is responsible for executing transactions, conducting research, and maintaining accurate records in accordance with regulatory requirements and internal policies. The Specialist contributes to operational efficiency, risk mitigation, and a consistent member experience through accurate processing, effective communication, and collaboration with team members.

• This role is eligible for a $500 sign-on bonus

Key Responsibilities

Research, Quality & Processing

• Perform account research and complete adjustments to ensure accuracy and compliance
• Document quality control findings in alignment with regulatory requirements and internal standards
• Identify and communicate trends or discrepancies to senior team members or management
• Review and respond to subpoenas and legal requests; elevate complex or sensitive matters as appropriate

Deposit Processing

• Process transactions including deposits, withdrawals, garnishments, levies, and other legal orders
• Respond to internal and external inquiries related to deposit accounts and transactions
• Support IRA transaction processing and respond to general IRA‑related inquiries
• Maintain accurate records and complete required file maintenance

Compliance & Risk Management

• Adhere to all regulatory requirements, policies, and procedures
• Maintain confidentiality and security of member and organizational information
• Escalate potential risk concerns or exceptions to appropriate team members

Team Collaboration & Support

• Collaborate with team members to ensure efficient and consistent operations
• Provide support on complex or situational transactions as needed
• Participate in team meetings and contribute to process improvement discussions

Administrative Support

• Maintain accurate documentation of transactions and member interactions
• Prepare reports and support operational tracking as required
• Stay current on products, services, policies, and procedures

Knowledge, Skills, and Abilities

• Operational Excellence
• Risk & Compliance Awareness
• Member Focus
• Team Collaboration
• Communication
• Learning Agility

Requirements

Qualifications

• High school diploma required; associate or bachelor’s degree preferred Minimum
• 2+ years of banking or financial services experience, or equivalent combination of education and experience
• Experience with transactional processing, research, or member service functions preferred
• Ability to work flexible hours, including evenings and weekends, as needed to support business operations

Interpersonal Skills

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations, and explanations with members, direct and indirect reports, and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day‑to‑day experience. Communications can involve motivating, influencing, educating, and/or advising others on matters of significance.

Benefits

• Paid time off Accrual of 17 days in 1st year of employment
• 11 paid holidays with an extra floating holiday for your birthday
• Medical, Dental, and Vision coverage – Single and Family options available
• Supplementary Health Benefit offerings including Critical illness insurance, Accident Insurance, and Hospital Indemnity Plans
• Life and AD&D Insurance, Short-Term and Long-Term Disability Plans
• 401k Retirement Plan with employer match options after 1 year, potential for additional discretionary contribution from the organization each year
• Tuition Reimbursement options of up to $5,250 each year

Equal Opportunity Statement

Freedom Federal Credit Union conducts credit, bond, and background checks. All new hires must present evidence of authorization to work in the US.

Freedom Federal Credit Union participates in the E-Verify program. Freedom Federal Credit Union is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected Military/Veteran status and will not be discriminated against based on disability.

If you are a disabled applicant and cannot apply online, please contact Freedom directly at [e-mail] for assistance.