Settlement Analyst

FIS Global•Milwaukee, WI

1d•Hybrid

About The Position

As the world works and lives faster, FIS is leading the way. Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we’d like to ask you: Are you FIS? Role Location is Brown Deer, WI: Hybrid (three days in-office, two days virtual) About The Role: In this role, you will be part of an exciting group dedicated to the balancing and reconciling of settlement activities for the Bill Payment (Digital Payments) business. This role also requires a fair degree of interaction and networking with our business counterparts to trouble shoot any issues that may arise and/or assist in successfully navigating through the waters of constant change. Our team’s focus is on internal and external controls for very large volumes of monetary activities. We are committed to providing the best experience to our internal and external clients by encouraging positive culture, teamwork and streamlining processes.

Requirements

Typically requires a minimum of two years of experience in an office setting with settlement operations or banking experience or equivalent experience in a related field of study
Knowledge of cash management, financial analysis, account reconciliation and balancing processes
Knowledge of banking and transaction processing (i.e. ACH and wire processing) including concepts and principles – demonstrates industry and technical capability
Ability to analyze data, explain results and demonstrate good business judgement
Proficient in the use of basic office equipment and tools as well as applications specific to settlement systems/processes
Attention to detail, accuracy; ability to maintain confidentiality – demonstrates risk awareness and compliance
Bachelor’s degree or the equivalent combination of education, training, and work

Nice To Haves

Exposure to Access Database creation/use
Mid to high level Excel knowledge including pivot tables/ vlookups/ index and matching/ macro creation

Responsibilities

Utilizes internal and external settlement systems and data to prepare and complete balancing schedules and cash account reconciliations
Utilize settlement systems/data and bank-provided systems to prepare and record general ledger journal entries Monitors and/or processes payments and payment files in conjunction with settlement procedures and policies. Analyzes and researches variances; provides logical/concise explanations for variances and/or fluctuations in a timely
Analyzes and researches variances; provides logical/concise explanations for variances and/or fluctuations in a timely manner and assists with variance resolution as needed.
Works with internal and/or external clients and service providers to resolve out-of-balance conditions, fund movement errors and/or transaction processing inquiries