Settlement AP Executive

Job Description

Position Overview: Experienced Settlement & Payout Executive skilled in managing daily merchant transactions, ensuring accuracy, timely processing, and regulatory compliance. Strong in reconciliation, cross-team coordination, and resolving payment issues. Focused on improving efficiency and reducing operational risks in fintech environments. Proficient in maintaining audit-ready documentation to support compliance and transparency. Key Responsibilities: Initiate daily merchant settlement and payout transactions in accordance with predefined schedules and SLAs. Ensure accuracy and completeness of all settlement files, payout data, and payment instructions prior to processing. Coordinate with internal departments (e.g., Finance, Operations, Tech) to verify settlement data, resolve discrepancies, and ensure readiness for payout. Reconcile settlement amounts and verify the availability of funds before initiating transactions. Liaise with partner banks, payment service providers, and merchants regarding settlement issues, failed transactions, or payment delays. Monitor daily bank balances and transaction statuses to ensure successful completion of all initiated payments. Maintain detailed records of all transactions, settlement reports, and supporting documentation for audit and compliance purposes. Support monthly and ad-hoc reporting on settlement activity and payout performance. Assist in identifying process improvements to enhance efficiency and reduce operational risks in the settlement process. Ensure compliance with internal controls, regulatory requirements, and company policies. Requirements: Bachelor’s degree in finance, Accounting, or related field. 2–4 years of experience in settlements, payouts, or financial operations (fintech/banking preferred). Strong knowledge of payment systems and reconciliation processes. Proficient in Excel and financial tools. Detail-oriented with strong analytical and communication skills. Ability to manage deadlines and ensure compliance with financial regulations. Show more Show less