Settlement and Reconciliation Associate

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct daily settlement operations

• Reconcile banking accounts

• Confirm ACH and wire transactions

• Validate funding and settlement processes

• Investigate and resolve discrepancies

• Comprehend settlement account activities and cash transfers

• Match transactions across system reports, ACH files, and bank statements

• Analyze extensive volumes of transaction data

• Identify patterns and underlying issues

• Ensure the accuracy and completeness of data

⛳️ Requirements

• Preferred: Associate's or Bachelor's degree in Accounting, Finance, Business, or a related field; or a High School Diploma/GED with relevant work experience in banking, treasury, payments, or accounting may be considered

• Intermediate proficiency in Microsoft Word is required

• 2-5 years of experience in bank reconciliations, settlement operations, payment processing, cash management, and accounting support roles

• Intermediate to advanced skills in Microsoft Excel, including VLOOKUPs, Pivot Tables, SUMIFS, data validation, reconciliation methods, and handling large datasets

• General knowledge of accounting principles, including credits, debits, ACH transactions, wire transfers, and returned payments

• Experience in back-office operations within a banking environment is highly desirable

• Background in payment services, Government Payments, Prepaid Cards, Banking, or ACH files is highly desirable

• Preferred experience with ACH, wire transfers, returns, adjustments, and exceptions

• Strong written and verbal communication abilities

• Capacity to meet strict daily deadlines

• Ability to work autonomously as well as collaboratively in a team

• Comfortable managing sensitive financial information

• Detail-oriented mindset

• Strong critical thinking and problem-solving capabilities

🏝️ Benefits

• Benefits from day one (medical, dental, vision) for eligible positions

• Paid time off and holiday leave

• Paid training opportunities

• A supportive and inclusive work culture

• Comprehensive health insurance options

• Voluntary dental and vision plans

• Life and disability insurance coverage

• Retirement savings plan

• Paid holidays

• Paid time off (PTO) or vacation and/or sick leave

• Potential bonuses or incentives based on business needs