Financial Settlement Accountant
Overview
A financial services organization is seeking a detail-oriented and analytical Financial Settlement Accountant to join their team. This role is critical in ensuring daily settlement activities are accurately reconciled across sponsor banking programs while supporting broader accounting and financial operations functions. The ideal candidate will have strong reconciliation and investigative skills, enjoy solving complex financial discrepancies, and thrive in a collaborative environment working closely with banks, production support, engineering teams, and business stakeholders.
Responsibilities
Settlement & Financial Operations
- Own daily settlement review and reconciliation processes across multiple banking partners.
- Review settlement files and validate bank-reported activity against internal ledger transactions.
- Perform detailed reconciliation and variance analysis to ensure accuracy of financial activity.
- Review and validate NACHA files and settlement transactions.
- Investigate payment discrepancies and identify root causes of settlement variances.
- Escalate issues appropriately and collaborate with internal teams to resolve exceptions.
- Coordinate manual money movements and settlement adjustments when operational corrections are required.
- Serve as a key operational checkpoint prior to external file release and settlement processing.
- Communicate settlement status, reconciliation results, and exception findings to stakeholders.
Accounting & Reconciliation
- Prepare account reconciliations and supporting documentation.
- Assist with monthly close activities, journal entries, and account analysis.
- Support balance sheet reconciliation processes.
- Maintain accurate financial records and documentation.
- Ensure compliance with established accounting policies and procedures.
- Participate in audits and provide supporting documentation as needed.
Collaboration & Process Improvement
- Partner with internal teams including Accounting, Production Support, Engineering, Data, and Operations.
- Work directly with banking partners and third-party vendors regarding settlement and reporting activities.
- Identify opportunities to improve processes, controls, automation, and operational efficiency.
- Assist with backup coverage and cross-functional financial operations responsibilities.
Requirements
- Bachelor's degree in Accounting, Finance, Business, or equivalent combination of education and experience.
- 3+ years of experience in accounting, financial operations, reconciliation, treasury, banking, payments, or related fields.
- Strong experience performing reconciliations and variance analysis.
- Experience investigating financial discrepancies and resolving exceptions.
- Intermediate to advanced Excel skills including pivot tables, formulas, and data analysis.
- Strong attention to detail and accuracy.
- Excellent communication and collaboration skills.
Preferred Qualifications
- Experience in banking, FinTech, payment processing, ACH, NACHA, card processing, or settlement.
- Experience working directly with financial institutions or sponsor banks.
- Exposure to financial operations, treasury management, or payment operations.
- Experience with Power BI or financial reporting tools.
- Familiarity with SQL, data analysis, or reporting platforms.
- Experience using modern productivity and AI tools such as Copilot, ChatGPT, or similar technologies.
Compensation & Benefits
- Competitive salary determined by skills, qualifications, experience, and location.
- Eligibility for incentive awards based on individual and business performance.
- Comprehensive range of benefits.
Location & Work Authorization
- Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.
Equal Opportunity
This employer provides equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, physical and mental disability, marital status, veteran status, or any other characteristic protected by applicable law.
If accommodation is needed during the recruitment process, arrangements will be made to meet accessibility needs.