Settlement Analyst II

The Settlement Analyst II is a mid-level role handles more complex settlement and reconciliation tasks. This role involves managing high-volume processes, resolving escalated discrepancies and contributing to process improvements.  The Settlement Analyst II works with greater autonomy and provides support to other analysts. The Settlement Analyst II has a moderate level of autonomy in decision-making.

Key Responsibilities

• Perform complex reconciliations of financial transactions, settlements, and accounts across multiple systems.
• Research and resolve escalated discrepancies and high-risk settlement issues.
• Analyze settlement data and provide insights for management reports.
• Identify inefficiencies and propose improvements to settlement processes.
• Reconcile daily financial transactions, settlements and bank accounts to ensure accuracy.
• Investigate and resolve discrepancies between internal records and external bank statements or settlement reports.
• Prepare daily balancing and reconciliation reports for internal review.
• Maintain accurate records of settlements, tickets, cases for audit and compliance purposes.
• Collaborate with internal teams (Accounting, Operations) to resolve settlement issues.
• Communicate with external parties, such as banks or payment processors to address and resolve discrepancies.
• Adhere to company policies, procedures, and regulatory requirements related to financial settlements.
• Support audits and provide documentation as required.
• Identify opportunities to streamline settlement processes and improve efficiency.
• Support team initiatives and projects as needed.

• Bachelor’s degree in Math, Engineering, Finance, Accounting, Business Administration or 5 years of operational banking.
• 4 years of experience in the payments industry or operational banking, strongly preferred
• Basic understanding of financial principles, accounting, and reconciliation processes.
• Advance proficiency in Microsoft Excel and experience with reconciliation systems or software.
• Strong analytical and problem-solving/critical thinking skills
• Ability to manage multiple tasks and meet deadlines.
• Excellent communication and interpersonal skills.
• Detail-oriented with a high degree of accuracy.