Settlement Specialist | $75K

Position Summary:

The Settlement Specialist is responsible for reconciling accounts, processing adjustments, assisting with monthly invoicing, as well as tracking financial trends and forecasting.

• Recommends changes in methods or procedures to improve process efficiency.
• Monitors all issues to ensure resolution and/or escalation to appropriate party for resolution.

Settlement:

• Reconciles all settlement accounts on a daily basis.
• Balances bank statements daily, resolving any returns and out of balance conditions.
• Researches and resolves issues causing out of balance conditions.
• Works with Networks and internal departments to resolve settlement related issues.
• Balances monthly interchange billing. Resolves any interchange billing outages.
• Maintains and documents settlement procedures.

Adjustments:

• Processes adjustments for financial institutions on a daily basis.
• Remains knowledgeable on all adjustment timeframes, rules, and regulations.
• Works with Networks and internal departments to resolve adjustment related issues.
• Completes monthly adjustment billing spreadsheet per department procedure.
• Maintains records, filings and supporting documents.
• Maintains and documents adjustment procedures.

Invoicing:

• Maintains and updates billing spreadsheets based on Network invoicing and billing reports.
• Reviews legal agreements and sets up recurring templates. Updates renewal pricing and pricing associated with product additions.
• Proofs and audits monthly invoicing.
• Maintains and documents billing procedures.

Minimum Qualifications:

• Experience in Accounting, billing, reconciliation
• Strong MS Excel skills

Preferred Qualifications:

• Accounting degree.
• Preferred Excel experience: Pivot Tables and V lookups.
• EFT, audit and reviewing legal agreements.