Settlement Analyst

About Role:

Are you ready to take your career to the next level in the world of financial services? Join us as a Payment Operations, Analyst where youll play a crucial role in managing and supporting cash management products. This is your opportunity to work with a dynamic team, engage with diverse clients, and drive operational excellence. Be a part of the team that values innovation, client satisfaction and professional growth.

Settlement Analyst Job Description

In this position the candidate will be responsible for handling daily ach return files from our sponsor banks.

Based on the returns, the candidate will process each one according to the return reason code.
The candidate will be responsible for completing daily merchant releases and maintaining department email inbox.

Duties Include:

• Work, report and recover daily ACH returns from Sponsor Banks.
  
• Work, report and correct daily Merchant Settlement rejects from Back End Platform.
  
• Monitor and respond to requests via department email inboxes.
  
• Complete daily Reserve and Suspended releases by assigned deadlines.
  
• Prepare wire release requests.
  
• Assist with daily reconciliation of platforms.
  
• Work with accounting to provide detailed reports.
  
• Maintain Refund and ETF Adjustment Ledgers.
  
• Prepare and maintain third party Collection files.
  
• Prepare and maintain monthly Write Off and Residual Recovery Ledger.
  
• Other duties as assigned.
  

Requirements

• Minimum 3 years’ experience in payment processing
  
• Knowledge of Microsoft Office
  
• Strong communication skills both written and verbal
  
• Knowledge of TSYS, First Data systems a plus
  

Skills

• Must be able to work independently
  
• Ability to multitask, prioritize, and meet deadlines
  
• Strong attention to detail