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

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.

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 with support.

While Cash handling experience is beneficial, it is not a requirement for this position.

Consideration will also be given to individuals who have warehouse or manufacturing experience.

The Cash Operation Assistant will support the destruction and distribution of currency according to established guidelines.

Upon hire, training will be during the 1st shift, Monday- Friday 6:30 AM – approximately 3:30 PM, flexibility is needed for potential overtime and end of shift settlement.

Anticipated in May 2025, your schedule will change to the 2nd shift, Monday -Thursday, 6:00 p.m.

to approximately 5:00 a.m., with the Thursday shift ending Friday morning.

Flexibility is needed for potential overtime and end of shift settlement.

What You Will Do:

Depending upon your assigned area of operation, responsibilities include only the appropriate items below:

You will perform currency verification responsibilities on a rotating basis including, preparing currency for machine processing; verify currency; operate BPS3000 processing equipment; reconcile machine-rejected notes; and prepare documentation and complex settlements and reconcilements for the work processed by the team.

You will be required to meet production standards and quality measures given a specified time frame.

As part of a processing team on a rotating basis:

You will accept and verify deposits of currency and coin from armored carriers; inspect bags of currency and coin for integrity; verify the currency or coin received according to department procedures; weigh bags which are suspected not to contain the reported value; identify discrepancies in deposits of currency or coin and returns to the sender.

Perform a physical inventory of holdings periodically to ensure accuracy and at the end of the day establishes accountability and prepares financial settlements at the end of the processing day.

Perform as member of a team with primary responsibility for filling currency orders with fit currency from the Currency Counting Unit and new currency from Bureau of Engraving and Printing for pay-out to designated carriers.

Perform physical inventory of holdings after each order is released and at the end of the day and for preparing financial settlements daily.

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