Job Description:

• 1) Compiles settlement data and submits checks, drafts, and other items to clearinghouse association for exchange and settlement with other banks: Sorts items into bundles, lists items, and totals amounts, using adding machine or calculator.

• 2) Posts totals to clearinghouse settlement sheet.

• 3) Mails or delivers items to clearinghouse.

• 4) Accepts items from clearinghouse that have been drawn on own bank and posts totals on settlement sheet.

• 5) Totals debit and credit columns and computes net balance.

• 6) Submits sheet to clearinghouse for verification.

• 7) May maintain telephone contact with bank personnel and others to locate missing checks, correct errors, and reconcile differences in records.