Analyst, Payment Strategy Operations
About The Position
The Payments Strategy Analyst is responsible for the reconciliation and reporting of certain accounts receivable activity in the U.S. and Canada, including analyses of credit card fees. They will participate in monthly closes by completing assigned journal entries, account reconciliations and financial reporting. They are responsible for the verification of third-party credit card transmission and settlement in the U.S. and Canada. They will post cash receipts timely and accurately to the appropriate accounts. They will also research and resolve credit card discrepancies and customer service issues. Location: This is an in-person position, requiring attendance four days a week at our office in Whippany, NJ.
Requirements
- Bachelor’s Degree in Accounting / Finance Related Discipline
- 2-4 Years of Job-Related Experience
- Strong Written / Verbal Communication Skills
- Ability to Multi-Task Under Tight Deadlines
- Proficient in Microsoft Office Applications, Especially Excel
- Ability to Work a Flexible Work Schedule During Monthly and Year-End Closes
Nice To Haves
- Knowledge of JD Edwards System
Responsibilities
- Perform daily verification that all credit card transactions processed through Point-of-Sale and order entry systems were transmitted for settlement and received by third party processors. Reconciliation and posting of incoming cash receipts and checks timely and accurately (i.e. Third-Party Credit Cards, Customer Wires, Business / Retail Lockbox, Intl. Trade, etc.). Research and resolve any out-of-balances including credit card discrepancies and lockbox exceptions.
- Participate in monthly, quarterly, and annual financial closes by completing assigned journal entries and reconciliations timely and accurately and prepare miscellaneous billings. Responsible for preparation of Financial Review schedules relating to DSO and Payment Tenders.
- Responsible for review and reconciliation of A/R activities and assigned balance sheet accounts in the US and Canada, including but not limited to incoming wires, sales/tender balancing, Pin Debit, private label credit card, etc. Use judgment to research/resolve out of balance and customer service issues.
- Prepare monthly reporting and analyses of credit card fees, US card fee accrual, US card fee allocation, and sales mix analysis.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
