The Farmers & Merchants State Bank (F&M Bank) has a special commitment to the growth of Northwest Ohio and Northeast Indiana. The F&M Bank headquarters is in Archbold, Ohio.   F&M's commitment is to ensure that community banking continues to grow and prosper by providing quality customer service and effectively supplying the right products to meet the financial needs of individuals, farmers, businesses, and industries within our market area. At The F&M Bank, we are looking forward not only to the future of F&M, but to the future of our customers as well. F&M has been a stable financial institution for over 120 years and that will not change! Working with our communities, F&M will continue on the same successful path as we strategically plan for the future.

One thing that has never changed through the tremendous growth of The F&M Bank over the years is that it continues to be "Your Community Bank".   This image remains a goal of the Bank's strategic plan. We continually seek to add to our team of dedicated employees.  If you are seeking a career in the financial services industry, please visit our website’s career page and see what opportunities are available today!   www.fm.bank

F&M Bank is an equal opportunity employer and values diversity in its workforce.  All qualified candidates are encouraged to apply.

Benefits

  • Medical Insurance
  • Dental Insurance
  • Optional Vision Insurance
  • Life Insurance
  • Paid Vacation
  • Paid PTO
  • Paid Holidays
  • 401(k) Retirement Plan with Profit Sharing
  • Education Reimbursement
  • Student Loan Payback

Job Summary

This position is responsible for providing day-to-day oversight to the Deposit Services team. Responsibilities include, but are not limited to, managing savings and checking account programs, IRA & HSA support, certificates of deposit, and support the day-to-day activities of the retail deposit division of the Bank. Monitor and review existing bank depository products and develop new depository products and services.

Job Duties

Deposit Accounts

  • Report deposit activity and various other items pertaining to retail activity monthly.
  • Leads the Deposit Rate Committee. Analyzes and makes recommendations on rate changes.  Leads the communication of and implementation of rate changes. 
  • Responsible for the maintenance of the New Accounts Manual to assist in training and to provide reference at the New Accounts desks.
  • Reviews and analyzes monthly deposit reports. Review and submit invoices for payment. 
  • Manages Deposit Platform program and end users.
  • Assist in leading the quarterly New Accounts meetings
  • Serves as backup IRA/HSA Administrator.
  • Serves as backup Administrative Assistant, Deposit Accounts (CDARS Program – The Certificate of Deposit Account Registry Service).

Cash Management

  • Prepare sweep proposals as requested, prepare all documentation on new sweep accounts, and assist in problem solving and account reconciliation on sweep accounts. Conduct bi-annual review of all sweep customers and implement account fee structure changes as necessary. 
  • Responsible for the preparation and delivery of customer presentations on cash management and sweep accounts.
  • Manages deposit relationship with Public Fund entities. Prepare depository bids as needed. 
  • Satisfactorily complies with bank policy and regulatory compliance that apply to position.

Product Development

  • Analyze products on a regular basis against competition; develop and implement new product lines that continual bring value to customer base. Both on Retail and Business side.   
  • work with various vendors to analysis and implement/maintain products and back end product administration; negotiate vendor contracts.  Ability to manage projects.

Officer Responsibility
• Work closely with compliance to ensure disclosures agreements are in place for new products.

Supervisory Responsibilities

Provides leadership and guidance for employees in Deposit Services Department.  As the leader is responsible for the hiring, performance assessment and development of employees within the department.  Serves as a role model of F&M’s core values in all aspects of their role.  Continually ensures the Deposit Services department’s role is aligned with and supports the Mission and Vision of the organization.

QUALIFICATIONS 

  • Bachelor Degree (B. A.) in business or accounting preferred, 7 to 10 years of banking experience required.
  • Minimum of two (2) to four (4) years of management or supervisory experience
  • Minimum of three (3) years’ experience in bank operations and complete working knowledge of departmental and bookkeeping responsibilities, such as general ledger accounting, reconcilements, deposit regulations, non-post processing, IRA and HSA account administration/reporting requirements and key control requirements that directly relate to deposit operations
  • General background and experience with financial institution operating policies and procedures, especially regulatory and internal control requirements
  • Experience working Core Processor, experience with Fiserv a plus.
  • Promitory, CDARS/ICS, eFunds – 3 years

Knowledge and Skills

  • Superior interpersonal skills. Must be able to effectively communicate with Operations staff, bank clients, auditors, and outside vendors
  • Ability to present to wide range of audiences. Previous experience with C-Suite and Board presentations preferred.  Strong written communication; strong oral communication.
  • Collaboration – Ability to work across departments to ensure the timely launch of products.
  • Project management – proven experience bringing products from idea to implementation
  • Ability to analyze data and make sound recommendations to management
  • Excellent organizational and time management skills
  • Ability to effectively coach, mentor, and motivate staff members
  • Capable of handling customer and teammate contact situations tactfully and professionally

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear.  The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus

Valid Drivers License Required

Equal Opportunity Employer, including disabled and veterans.

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