Manager Settlement Accounting

Merrick Bank • South Jordan, UT

4d • Hybrid

About The Position

Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real difference every day. Who we are Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide. What we do We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses. Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.

Job Description – Overview & Classification
Job Family Group: Finance
Job Family: Accounting Services (Merchant & Settlement)
Job Profile: Manager Accounting Services
Business Unit: Finance
Cost Center: Accounting & Financial Reporting
Posting Title: Accounting Manager – Credit Card Lending
Job Level: Manager
Management Level: Manager
Reporting To: VP Settlement Accounting & Financial Reporting
Direct Reports: (3) [HR Use Only]
FLSA Status: Exempt
Pay Type: Salary
EEO Category: First/Mid-Level Officials and Managers

Position Summary and Role Impact: The Accounting Manager – Credit Card Lending is responsible for leading a team responsible for the accounting and financial reporting for the credit card portfolio, including Merrick owned card portfolios and Merrick originated credit card loans with strategic partners. This role ensures the accuracy, integrity, and completeness of financial results through oversight of reconciliations, close processes, and portfolio-level reporting. The position manages a team of staff accountants and is responsible for their development, performance management, workload prioritization, and coaching. This role serves as a key partner to finance, operations, servicing, and data teams, providing insights into portfolio performance and ensuring the appropriate application of U.S. GAAP to loan-related transactions. The Accounting Manager contributes to improved financial transparency, stronger controls, and scalable growth of the Flow Lending portfolio .

Requirements

• 5+ years of progressive accounting experience, including close, reconciliations, and financial reporting
• Demonstrated experience leading work, reviewing outputs, and mentoring staff in either a supervisory or lead capacity
• Strong knowledge of U.S. GAAP and financial reporting principles
• Experience working with ERP systems (such as Oracle, SAP, or similar) and advanced proficiency in Excel
• Strong operational accounting expertise in reconciliations, accruals, and financial reporting
• Ability to analyze financial data and communicate performance drivers and variances clearly
• Demonstrated leadership and team development capabilities
• Ability to partner cross-functionally and influence stakeholders across functions
• Process improvement mindset with focus on controls, efficiency, and scalability
• Strong attention to detail and accountability for accuracy and completeness
• Effective communication, organization, and problem-solving skills
• Responsible for complying with all the Bank’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts .

Nice To Haves

• Bachelor’s degree in Accounting, Finance, or a related field; or an Associate’s degree with significant relevant accounting experience; or equivalent progressive accounting experience preferred.
• 2+ years of direct people management experience
• Experience with loan accounting, credit card lending, or consumer finance portfolios
• Experience in subledger-driven or high-volume accounting environments
• Experience with credit card charge-offs and recovery activities.
• Experience improving close processes, reconciliation efficiency, or reporting accuracy
• Background in financial services, credit card, banking, or lending organizations

Responsibilities

• Lead accounting and financial reporting for the Credit Card Lending portfolio, including loan balances, interest income, fees, charge-off and recoveries.
• Own and coordinate month-end and quarter-end close processes, ensuring accurate and timely recording of transactions and reconciliations
• Review and approve reconciliations, journal entries, and variance analyses prepared by staff
• Maintain ownership of subledger-to-general ledger reconciliations, ensuring completeness and resolution of reconciling items
• Analyze financial results and provide clear insights into portfolio performance, trends, and key drivers
• Apply and enforce U.S. GAAP and internal accounting policies to loan lifecycle transactions
• Lead, develop, and coach accounting staff, fostering accountability and continuous improvement
• Partner cross-functionally with operations, servicing, FP&A, and data teams to improve reporting and processes
• Identify and implement process improvements to enhance efficiency, accuracy, and control effectiveness
• Support internal and external audits and ensure adherence to internal control frameworks

Benefits

• Competitive Pay
• Bonus Target or Variable Pay Incentive Program
• Medical, Dental, and Vision
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree