Settlement Accountant

Job Summary:

The Settlement Accountant is responsible for reconciling all activity between the System of Record and the Bank and researching all variances. Responsibilities may also include the posting of activity to general ledger, and the monthly close functions associated with the assigned platforms, processor, and/or client.

Job Responsibilities:

• Perform daily, weekly, monthly updates and balancing of platform specific settlement accounts:
• Retrieve various system of record (book) activity
• Retrieve bank data from various bank accounts
• Access supplemental reports to assist in the breakdown of combined amounts
• Prepare report of the daily cash position and assist in researching fluctuations in order to provide variance explanations as needed
• Prepare Platform, Processor, or Client specific journal entries:
• To record monthly cash activity in all assigned bank accounts
• To record Stage 1, Stage 2, or Stage 3 as required to set up and clear receivables and payables
• To re-class activity to facilitate balancing for the Operations Cash team month end close process
• Reconcile, and research open items through resolution. This will include client and consumer concerns as they relate to operations cash, or processor exceptions specific to the assigned Platform, Processor, Client or General Ledger: Cash, Receivable, and Payable Accounts.
• Each Platform may have several Bank accounts
• Receivables: Service Fees, Payment Value
• Payables: Client Disbursements
• Exceptions: Chargebacks, Reversals, Consumer Refunds, Rejections
• Perform comparisons with the stage(s) of the cash recording process supported by the Ledger source/Platform and prepare appropriate adjusting entries as necessary
• Initiate or Approve daily cash settlement wires
• Operational knowledge of the Exception processes (Chargebacks, Reversals, Refunds). Researching and/or working with the Exception team through resolution.
• Prepare Discount Fee cost analysis and research variances as needed.
• Compile applicable support for internal and external audit sample selections as often as required
• Perform backup duties and other duties or special projects as assigned
• Understand and adhere to all corporate policies to include but not limited to the ACI Code of Business Conduct and Ethics.

Knowledge, Skills and Experience required for the job:

• Bachelor’s degree or equivalent work experience.
• Accountant degree preferred, or successful completion of accounting credits at an accredited University
• Accurate typing and data entry skills required.
• Proficient in MS Excel
• Effective verbal and written communications
• Must be organized, detail oriented and must possess excellent problem-solving skills
• Ability to work under pressure and meet deadlines is essential
• Knowledge of Windows based PC applications required
• Excellent Customer Service Skills, and technical aptitude required

Preferred Knowledge, Skills and Experience needed for the job:

• 3 years of Customer Service experience desired.
• 5+ years operational banking, settlement and reconciliation or cash management experience desired.
• Credit Card Processing or Issuer/Acquirer Settlement experience
• Microsoft Suite, specifically Intermediate level Excel knowledge
• Reconciliation Software, such as Smartstream or an equivalent reconciliation tool
• Working knowledge of various bank portals to access data and initiate wires

Work Environment:

• Standard work environment
• Majority of time spent on PC (Phys. Req.)

Benefits: In return for your expertise, we offer growth, opportunity, and a competitive compensation and benefits package in a casual work environment.

Are you ready to help us transform the world of electronic payments? To learn more about ACI Worldwide, visit our website at www.aciworldwide.com Job ID (Requisition #15002)

ACI Worldwide is an AA/EEO employer in the United States, which includes providing equal opportunity for protected veterans and individuals with disabilities, and an EEO employer globally.