Accountant, Settlement Jobs

Accountant, Settlement

Reports To

Director, Settlement Accounting

Job Purpose

The Settlement Accountant is responsible for both Settlement Operations and Accounting Responsibilities. This includes reviewing and maintaining settlement reports, reconciling balance sheet accounts, completing merchant month end billing, merchant position maintenance, and addressing other requests as needed.

Duties And Responsibilities

• Send merchant funding files to the bank and ensure they are successfully processed so that Payroc clients are funded in a timely manner
• Develop understanding and expertise of end-to-end funds movement across all Payroc Canada products including processes/contingencies setup with partners
• Work hand in hand with the Operations team to address client questions related to the above tasks
• Daily Reconciliation: Perform and maintain the daily reconciliation across all Payroc Canada products by reviewing various reports, and bank accounts. Work to resolve any discrepancies.
• Exception Handling: Investigate failed/rejected payments and ensure that appropriate action is taken which could include updating records on Payroc Canada systems, debiting, or crediting clients
• Monitoring: To ensure that above tasks are performed successfully, monitor critical reports and emails that provide valuable information on the status of critical processes related to the above. Escalate to stakeholders as required
• Be involved in ongoing developments that may affect the above tasks
• Stakeholder Communication: Timely and ongoing communication with various internal and external stakeholders involved in the above tasks
• Money Movement:
• Ensure that Payroc Canada has received expected funds from various sources in a timely manner daily by tracking incoming reports and the bank balance
• Raise any anomalies in the above tasks with the Operations team and work with them to investigate and resolve potential issues
• Become the resident expert in the above tasks and drive ongoing process improvement

Qualifications

• Strong written and oral communication skills
• Strong analytical and problem-solving skills
• Ability to lead projects with various stakeholders across the organization
• Understanding of the P&L and Balance Sheet
• 3 or more years of experience preferred
• Ability to manage competing priorities and meet deadlines
• Experience with QuickBooks and NetSuite preferred
• Experience with MS Word and PowerPoint preferred
• CPA and/or CMA a plus
• Strong Excel Skills
• Bachelors’ Degree required
• Strong interpersonal skills
• Strong organizational skills

Travel Component

<10%
Job Classification
Exempt
At Payroc we are committed to the principal of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions are based on business needs, job requirements and individuals’ qualifications without regard to race, color, religion, national social or ethnic origin, sex, age, physical, mental, or sensory disability, sexual orientation or any other status protected by the laws regulation in the location we operate. Payroc does not tolerate discrimination or harassment based on any of these characteristics.
Payroc is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact Human Resources Department at [email protected]