Overview
Remote
Depends on Experience
Contract - W2
Contract - 11 Month(s)
Skills
Analyst
Settlement Operations
Job Details
Title: Sr. Analyst, Settlement Operations
Location: Remote
Contract: 11+ Month
Job Description:
The Sr. Settlement Analyst is responsible for the accounting & auditing for the debit card, network partners, and retailer settlement in regard to overall settlement obligations and assets.
Responsible for the overall Settlement Assets & Obligation reconciliation and reporting.
Develop and maintain automated reconciliations/reporting system.
o Improve data accuracy and quality.
o Gathering and validation of all funding sources and usage transactions
o Import and match all transactions in the reconciliation system
o Research and analysis of all non-matching or reconciling items
o Trouble shoot data and reporting issues
Daily reconciliation of client Banks Settlement Clearing (SCA) account, which involves:
o Determine all funds due to/from SCA for client
o Determine all funds due to/from Retailers for manual funding
Daily reconciliation of funds due to other issuing banks for their programs
Partner with internal reporting, customer care and other processing groups
o Daily/Monthly reconciliation of SCA Accounting for un-activated Pins (Dormant Accounts) revenue and month end adjustment transfers
o Calculation and support for pins that have been Sold but have not been activated
o Calculation and support for pins that been activated but have not been sold, which includes test accounts and PINs loaded with no sales reporting.
o Reporting and reconciliation of funds due to/from issuing bank
o Reporting and accounting for settlement assets and retailer deposits
o Reporting and calculating of GDFN activity
Compile and report on the Settlement metrics (monthly).
Perform other duties as needed.
Develop and maintain automated reconciliations/reporting system.
o Improve data accuracy and quality.
o Gathering and validation of all funding sources and usage transactions
o Import and match all transactions in the reconciliation system
o Research and analysis of all non-matching or reconciling items
o Trouble shoot data and reporting issues
Daily reconciliation of client Banks Settlement Clearing (SCA) account, which involves:
o Determine all funds due to/from SCA for client
o Determine all funds due to/from Retailers for manual funding
Daily reconciliation of funds due to other issuing banks for their programs
Partner with internal reporting, customer care and other processing groups
o Daily/Monthly reconciliation of SCA Accounting for un-activated Pins (Dormant Accounts) revenue and month end adjustment transfers
o Calculation and support for pins that have been Sold but have not been activated
o Calculation and support for pins that been activated but have not been sold, which includes test accounts and PINs loaded with no sales reporting.
o Reporting and reconciliation of funds due to/from issuing bank
o Reporting and accounting for settlement assets and retailer deposits
o Reporting and calculating of GDFN activity
Compile and report on the Settlement metrics (monthly).
Perform other duties as needed.
Skills/Experience:
BS in Accounting, Finance or Related Degree
2-5 years minimum experience in accounting
Experience with the reconciliation of large volumes accounts
SQL experience preferred
BS in Accounting, Finance or Related Degree
2-5 years minimum experience in accounting
Experience with the reconciliation of large volumes accounts
SQL experience preferred
Advanced Excel skills
MAS500 experience preferred
Excellent verbal and written communication skills
Detail oriented with excellent organizational skills
Strong problem solving and analytical skills
MAS500 experience preferred
Excellent verbal and written communication skills
Detail oriented with excellent organizational skills
Strong problem solving and analytical skills
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