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Case Study: Navy Monetary Contracting System

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Recommended: Navy Monetary Contracting System

• Independently perform the daily balancing and validation of all monetary posting transactions completed within Navy Federal core posting systems (SST, IMPACS, ALS, MPS, TSYS) and within approximately 40 subsystems (ex: OTS, MRS, TFS, etc.) • Identify, gather and prepare posting reports for daily system balancing • Perform and complete the balancing and validation process for all branches & ATMs (the Daily Cash Verification) and subsystems (LPS, AFM, AFE, MRS, TFS, SIT, UAS, MTG, OPTIMA Branch Capture, etc.) prior to enable approval of FC Posting at 20:30 • Identify out of balances that are over tolerant standards (20 counts and/or high-dollar) and contact branches, BOTAD, Mortgage Lending, and/or other business units where applicable to research and confirm transaction validity prior to FC Posting approval • …show more content…

Inform Production Control and Daily Business Reconciliation any issues that are related missing or delay of posting reports and confirm the issues are resolved by close of business • Update daily Money-In, Money-Out (MIMO) tracking with accuracy and completeness • Monitor and validate End of Day reports to ensure posting transactions are successfully and accurately updated to NFCU member accounts. • Communicate out-of-balances to Financial Systems Reconciliation team and other business units where applicable for their respective follow-up and resolution • Serve as business functions subject matter expert, including providing training and guidance for successful knowledge transfer within the section and department • Explain or share understanding of the process of financial transaction batching into all posting

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