Payment Reconciliation specialist

Essential Duties & Responsibilities:

• Reconcile processed transactions by verifying entries and comparing system reports to balances.
• Conduct complex daily, weekly processor and or loan book reconciliations.
• Conduct research and investigation of all transaction’s discrepancies.
• Maintain appropriate files, reports, documentation, and data.
• Facilitate accurate monthly closing.
• Conduct, Monthly, Quarterly and Semesterly audit reports for all our payment processors against our platforms.
• Capture and report all processor adjustments on a weekly basis.
• Ensure “follow-up” items are prioritized and closed in timely manner.
• Reconcile inter company/brand transactions and balances across all platforms.
• Reconcile subsidiary ledger to general ledger discrepancies.
• Collaborate with accounting and collections department to facilitate accurate financial reporting and audit functions.
• Maintain professional, timely and accurate communication through out all channels.
• Adhere to corporate standards and company policies and procedures.

Qualifications:

• Good knowledge of third-party payment processor functions and processes
• Comfortable working with ERP- Accounting software
• Good knowledge of bank account reconciliation processes
• Some understanding of Loan servicing industry

Education and Skills:

• Bachelor’s degree (Accounting) or equivalent combination of education and relevant industry experience
• Min of 5 years experience in the field of Bank and or processor accounting & reconciliation.
• Excellent communication skills
• Excellent computer skills
• Attention to detail.
• Able to work independently or as part of a team.
• Good analytical & accounting abilities
• Knowledge of accounting (industry practices)
• Good understanding of Microsoft suite of applications (MS Word, Excel, PowerPoint, Outlook, Teams).