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Domestic Settlement Specialist

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Job Location drjobs

others - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Job Description

Job Description

The Settlement Specialist is responsible for reconciling accounts, process adjustments, charge-backs, assists with monthly invoicing, as well as track financial trends and forecasting.

Position is located in New York

  • Recent Accounting graduates are encouraged to apply.
  • MINIMUM QUALIFICATIONS

    • Experience in Accounting, billing, reconciliation
    • Strong MS Excel sills
    • Ability to work extended hours as business needs dictate.

    PREFERRED QUALIFICATIONS

    • Accounting degree.
    • Banking experience.
    • Preferred Excel experience: Pivot Tables and V look-ups.
    • EFT, audit and reviewing legal agreements.
    • Highly motivated, self-starter.
    • Ability to work with confidential materials and employee information and maintain confidentiality at all times.

    ESSENTIAL FUNCTIONS

    • 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 & Chargebacks:

  • Processes adjustments & charge-backs 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/chargeback related issues.
  • Completes monthly adjustment billing spreadsheet per department procedure.
  • Maintains records, filings and supporting documents.
  • Maintains and documents adjustment/chargeback 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.
    • Prepares contract buyouts.
    • Maintains contract expiration spreadsheet.
    • Proofs and audits monthly invoicing.
    • Maintains and documents billing procedures.

    Employment Type

    Full Time

    Company Industry

    About Company

    100 employees
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