Settlement Accountant II

Maverick Payments • Calabasas, CA

6d • $32 - $36 • Onsite

About The Position

Reporting to the Sr. Director, Settlement, the Settlement Accountant II is responsible for supporting Maverick’s accounting needs by managing the daily settlement and bank reconciliations, as well as the review of daily rejected settled and non-settled transactions.
Prepare daily settlement for sponsor banks. Identify and research items creating out-of-balances, general ledger differences, and/or funding issues. Maintain close communication with management on discrepancies and submit inquiries to processors (TSYS) when necessary.
Perform bank reconciliations on settlement, reserve, and returns accounts for sponsor banks. Submit settlement packages to sponsor banks as required.
Perform daily review of authorizations and settled transactions rejected/held during the daily settlement process. Review, record, and submit transactions via shared files to Risk and Terminal Support Departments which require review and/or approval for processing.
Coordinate with Merchant Support and Technical Support to research, resolve, and clear rejected or exception transactions in a timely and accurate manner.
Perform resubmission of rejected daily settlement, risk, and other various transactions through processor (TSYS).
Prepare and process monetary adjustments for merchant reserve transfers and daily reconciliation.
Review assigned bank TSYS green screen rejects and assess merchant accounts for potential risk concerns, recommending further review by the Risk Management Department.
Process and clear reviewed items flagged by Risk Management.
Research and review incoming return transactions and outgoing rejects to determine appropriate resolution, including submission or rekeying, and communicate directly with merchants regarding rejected transactions when resolution or clarification is required.
Submit and process daily debit and credit requests from cross-functional departments.
Maintain accurate financial records and ensure all accounting practices align with company policies and regulatory requirements.
Assist with audits, reporting, and other financial analysis as needed.
Perform other duties as assigned.

Requirements

• High School Diploma or Equivalent.
• 2-3 yrs. experience in Merchant Processing and Accounting.
• Strong analytical and problem-solving skills with the ability to work independently
• Exceptional attention to detail and the ability to prioritize tasks, manage time efficiently, and meet deadlines in a fast-paced environment.
• Ability to achieve results consistent with departmental objectives
• Ability to communicate effectively, verbally and in writing.
• Ability to work autonomously while producing a high output of quality work.
• Efficient with Microsoft Office Suite including Outlook, Excel, and Word.

Nice To Haves

• Bachelor’s degree in business, Finance, or similar field.
• 3-5 years of experience in merchant processing, accounting and risk.
• Experience with TSYS and/or First Data platforms.

Responsibilities

• Prepare daily settlement for sponsor banks.
• Identify and research items creating out-of-balances, general ledger differences, and/or funding issues.
• Maintain close communication with management on discrepancies and submit inquiries to processors (TSYS) when necessary.
• Perform bank reconciliations on settlement, reserve, and returns accounts for sponsor banks.
• Submit settlement packages to sponsor banks as required.
• Perform daily review of authorizations and settled transactions rejected/held during the daily settlement process.
• Review, record, and submit transactions via shared files to Risk and Terminal Support Departments which require review and/or approval for processing.
• Coordinate with Merchant Support and Technical Support to research, resolve, and clear rejected or exception transactions in a timely and accurate manner.
• Perform resubmission of rejected daily settlement, risk, and other various transactions through processor (TSYS).
• Prepare and process monetary adjustments for merchant reserve transfers and daily reconciliation.
• Review assigned bank TSYS green screen rejects and assess merchant accounts for potential risk concerns, recommending further review by the Risk Management Department.
• Process and clear reviewed items flagged by Risk Management.
• Research and review incoming return transactions and outgoing rejects to determine appropriate resolution, including submission or rekeying, and communicate directly with merchants regarding rejected transactions when resolution or clarification is required.
• Submit and process daily debit and credit requests from cross-functional departments.
• Maintain accurate financial records and ensure all accounting practices align with company policies and regulatory requirements.
• Assist with audits, reporting, and other financial analysis as needed.
• Perform other duties as assigned.

Benefits

• Competitive Salary, Bonuses and Incentives.
• Comprehensive employer sponsored health, vision, and dental insurance programs.
• Paid time off, Paid Sick and Paid Holidays.
• 401K plan with up to a 3% matching contribution.
• Commitment to Career Development and Advancement.
• Employee Recognition Programs
• Vibrant Office Culture, Team Building, Birthdays, Work Anniversaries, fully stocked kitchen, and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED