Overview
The Settlement & Reconciliation Associate is responsible for daily settlement activities and related financial balancing functions. This role includes bank account reconciliations, payment verification, funding validation, exception research, and ensuring accurate, complete data.
Responsibilities
- Meet strict daily deadlines
- Perform daily settlement activities and verify daily funding and settlement activity
- Reconcile bank accounts
- Verify ACH and wire payments
- Validate funding
- Research and resolve out-of-balance conditions
- Understand settlement account activity and cash movement
- Match transactions between system reports, ACH files, and bank statements
- Analyze large volumes of transaction data
- Identify trends and root causes of reconciliation issues
- Apply critical thinking and problem-solving to resolve exceptions
- Ensure accuracy and completeness of data
- Communicate effectively in written and verbal form
- Work independently and collaboratively within a team
- Handle sensitive financial information
Requirements
- Associate's or Bachelor's degree in Accounting, Finance, Business, or related field preferred; HS Diploma/GED with Equivalent work experience in banking, treasury, payments, or accounting may be accepted
- Microsoft Word - Intermediate required
- 2-5 years of experience in the following:
- Bank reconciliations
- Settlement operations
- Payment processing
- Cash management
- Accounting support functions
Preferred Qualifications
- Experience in back-office work in a bank
- Experience with payment services / Government Payments / Prepaid Cards / Banking / ACH files
- Experience with ACH, wire transfers, returns, adjustments, and exceptions
- Microsoft Excel - Intermediate to Advanced required experience with:
- VLOOKUPs
- Pivot tables
- SUMIFS
- Data validation
- Reconciliation techniques
- Ability to work with large datasets
- General accounting knowledge, including understanding the accounting impact of credits, debits, ACH transactions, wire transfers, and returned payments
Compensation & Benefits
- Pay rate: $22-$25 per hour, DOE
- Benefits from day one (medical, dental, vision) for eligible roles
- Paid time off and holidays
- Paid training
- Supportive and inclusive work environment
Additional pay transparency notes: Actual salaries may vary based on factors including location, experience, and performance. In addition to base pay, the role may be eligible for a bonus or incentive based on business need.
Location
- Continental US, Remote
- Shift information: M-F 7am-5pm CST (8 hour shift)
Equal Opportunity
The employer is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, creed, religion, ancestry, national origin, age, gender identity, gender expression, sex/gender, marital status, sexual orientation, physical or mental disability, medical condition, use of a guide dog or service animal, military/veteran status, citizenship status, genetic information, or any other group protected by law.
Reasonable Accommodation (US applicants)
People with disabilities who need a reasonable accommodation to apply for or compete for employment may request accommodation(s) through the employer’s applicable process.