Settlement Accountant II

Merrick Bank•South Jordan, UT

About The Position

At Merrick Bank, our mission is to provide exceptional service to our Independent Sales Organizations (ISO) clients to give them the competitive edge in the Acquiring industry to help expand their portfolio. The Merchant Accountant II (Settlement) position is responsible for the completion of daily, weekly and monthly merchant settlement related functions including reconciliation, research of suspense items and preparation of monthly residual statements. This position is an excellent opportunity to understand the full circle of a credit card transaction, work independently while maintaining a high level of accuracy and being involved in learning new processes within the Merchant Accounting group.

Requirements

Associates degree is required, two (2) years’ experience accepted in lieu of education requirement.
Three (3) years’ accounting or financial industry experience is required.
Experience with, and demonstrated skill at, the following computer applications: Word Processing, Spreadsheet (Excel preferred) and E-mail.
Ability to identify and solve practical problems with little or no supervision.
Responsible, flexible individual with strong mathematical and analytical skills.
Communicates effectively both orally and in writing; presents ideas in a clear, concise, understandable, and organized manner.
Must be detail-oriented with strong organizational and time management skills.

Responsibilities

Pulls daily reports to identify suspense-related items. Reports are balanced timely and distributed to appropriate people when applicable.
Reconciles and clears for various suspense accounts including clearing suspense, residuals, and reserves.
Understand how suspense accounts work, ensure that residuals are accurate and settled timely and reserves are balanced daily and appropriate approvals have been received.
Research items that do have an appropriate offset and determine what needs to happen to clear that item from suspense in a timely manner.
Identify anomalies, understand the issue and make recommendations as to how to resolve.
Completes a variety of daily, weekly, and monthly schedules.
Prepares monthly residual statements with no supervision and are settled on the required date with ISO clients.
Completes special projects assigned by the Merchant Accounting Supervisor.
Communicates directly with ISO clients in a professional/knowledgeable manner.
Responsible for complying with all of 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.