Funding Specialist

An exciting opportunity is available to join ADP as a Funding Specialist.

The Funding unit within the Financial Services Department is responsible for monitoring and receipting specific wire payments for all payroll platforms. Maintaining accounts with major domestic and international financial institutions allowing clients to wire funds between banks in order to fund payroll. The department also monitors and actions all high risk, high value clients ensuring funds are received. The Funding Specialist is responsible to oversee the receipt and application of funds and review of risk as relating to the holding and releasing of payrolls by critical deadlines. The Specialist works with the leadership team to help manage and respond to daily escalations and is responsible for interacting with senior client contacts to escalate late funding issues.

A little about ADP: We are a global leader in human resources technology, offering the latest AI and machine learning-enhanced payroll, tax, human resources, benefits, and much more. We believe our people make all the difference in cultivating an inclusive, down-to-earth culture that welcomes ideas, encourages innovation, and values belonging. We’ve received recognition as a global Best Places to Work and a recipient of many prestigious awards for diversity, equity, and inclusion. Learn more about DEI at ADP on our YouTube channel: http://adp.careers/DEI_Videos

Duties and Responsibilities

• Monitor all Cr Push/US Reverse Wire clients and drawdowns and confirm receipt of payroll funds.
• Actively manage all Funding SOX and internal controls.
• Maintain accurate Cash Forecast and minimize Variance.
• Communicate with ADP Clients to ensure failed US Reverse Wire/Wires drawdowns are funded accordingly.
• Track and monitor US Reverse Wire clients that are not meeting funding obligations.
• Address exceptions to Funding Policies in line with department policies and procedures.
• Ensure appropriate and up-to-date information is reflected in the Weekly Funding Reports and reconciliations.
• Ensure timely review and follow up of high risk conditions reported in the daily Credit Push Watch lists, Over threshold and other system generated reports.
• Collection of unfunded and overdue receivables in a timely manner.
• Continuous monitoring and follow up of Paytech and/or Autopay US Reverse Wire payroll clients with direct client contact and escalation to Management as required on a daily basis.
• Research and analyze and prepare detailed backups of client balances and historical trends on successful and failed drawdowns.
• Coordinate with other departments on Funding related issues.

Experience and Skills Required:

• University Degree, preferably with majors in Commerce.
• Financial work experience within a credit/risk management/banking environment preferred.
• P.C. Literate (MS Office -- Advanced on all components).
• Demonstrated ability to co-ordinate work initiatives and must be detailed and solution oriented. Must be able to work well under pressure and work independently and as part of a team.
• Evident and proven strength in client focus and organization.
• Minimum 2 Years business experience with a background in Financial Services or Insurance industry.
• Project Management/implementation experience - Demonstrated ability to co-ordinate work initiatives.
• Financial Services background with exposure to Oracle A/R & A/P environment an asset.
• Strong problem-solving skills and ability to learn quickly.
• Excellent communication skills.
• Flexibility and adaptability.

YOU'LL LOVE WORKING HERE BECAUSE YOU CAN:

• Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
• Belong by joining one of nine Business Resource Groups where you can connect globally with networks and allies who share common interests and experiences.
• Grow your career in an agile, dynamic environment with plenty of opportunities to progress.
• Continuously learn through ongoing training, development, and mentorship opportunities.
• Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
• Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.

What are you waiting for? Apply today!

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP’s operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.

Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click https://jobs.adp.com/life-at-adp/ to learn more about ADP’s culture and our full set of values.