Settlement and Reconciliation Operations Specialist
Settlement and Reconciliation Operations Specialist
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Job Description
Job Details
Description
Team concept of where daily workflow is shared and rotated with duties focusing on the following areas of deliverables:
- Operating custom software systems which build reconcile and process multiple daily large electronic check deposits (Image Cash Letters).
2. Building Reconciliation modules for Check Processing and related Funding obligations used to fulfill internal and external daily settlement and reconciliation requirements.
3. Managing accounting for thousands of monthly check returns including the processing of initial notifications corrective actions redeposits reconciliation and integrating into daily settlement and reconciliation reporting.
4. Assembling daily settlement data related to Payments Processing Programs including internal and external reporting.
5. Reconciling Payments Programs to assure that proper settlements are initiated funds due to processing partners are fulfilled and that all items processed are completed end to end.
6. Interact with banks that sponsor Payment programs delivering the daily accounting and reconciliation of activity and instructions for settlement activities.
and interacting with other teams gathering and providing information on transactions and outcomes to facilitate problem resolution
Limited weekend and evening support functions.
Qualifications
Strong Excel Skills (vlookup pivot tables general function use)
Analytical Skills in Mathematics
Data Validation Skills / Comparison Analysis / Data Mismatch Analysis
Exception Management / Tracking / Root Cause Analysis
Working under Strick Daily Deadlines
Analytical Sills in Account Reconciliation
Ability to communicate Exceptions
Organized and Proficient in ProcessOriented environments
Understanding of Transaction Processing Environments
Experience Desired:
Understanding of Payments Processing
Check and Return Check Processing (Banking Related)
Online Banking Portal Navigation and Account Reconciliations
Familiarity with Reconciling System Generated Transaction Reporting against Third Party Transaction Reporting
Soft Skills:
Teamwork Coordinating with Others in fastpaced time sensitive environment
Adapability Dealing with changing processes / systems as new requirements evolve
Required Experience:
Unclear Seniority
Employment Type
Unclear
