Settlement Accountant - Hybrid

Job Description

Join the Team Making Possibilities Happen

If you've ever used an ATM, paid a bill through your phone, sent money to a friend or shopped online, chances are your transaction was safeguarded and processed using our software. Now it's your turn to serve the payment needs of organizations and people the world over.

Overview

The Settlement Customer Accountant is responsible for reconciling all activity between the System of Record and the Bank and researching all variances. Responsibilities 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 and Functions:

• Perform daily, weekly, monthly updates and balancing of platform specific settlement accounts.

1. Retrieve various system of record (book) activity.
2. Retrieve bank data from various bank accounts.
3. Access supplemental reports to assist in the breakdown of combined amounts.

• Prepare report of the daily cash position and assist in researching fluctuations to provide variance explanations as needed.
• Prepare Platform, Processor, or Client specific journal entries.

1. To record monthly cash activity in all assigned bank accounts
2. To record Stage 1, Stage 2, or Stage 3 as required to set up and clear receivables and payables.
3. 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.

1. Each Platform may have several Bank accounts.
2. Receivables: Service Fees, Payment Value
3. Payables: Client Disbursements
4. 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.

Education and System Requirements:

• Bachelor's degree in accounting, or successful completion of accounting coursework credits at an accredited University
• 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.

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 web site at www.aciworldwide.com Job ID (Requisition #11615)

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

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About Us

ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.