The Settlement Specialist is responsible for reconciling accounts, process adjustments, charge-backs, assists with monthly invoicing, as well as track financial trends and forecasting.

Position is located within the Willowbrook area of Houston, TX.

• Recent Accounting graduates are encouraged to apply.

MINIMUM QUALIFICATIONS

• 18 months of experience in Accounting, billing, reconciliation
• Strong MS Excel sills
• Ability to work extended hours as business needs dictate.

PREFERRED QUALIFICATIONS

• Accounting degree.
• Banking experience.
• Preferred Excel experience:  Pivot Tables and V look-ups.
• EFT, audit and reviewing legal agreements.
• Highly motivated, self-starter.
• Ability to work with confidential materials and employee information and maintain confidentiality at all times.

ESSENTIAL FUNCTIONS

• Recommends changes in methods or procedures to improve process efficiency.
• Monitors all issues to ensure resolution and/or escalation to appropriate party for resolution.

Settlement:

• Reconciles all settlement accounts on a daily basis.
• Balances bank statements daily, resolving any returns and out of balance conditions.
• Researches and resolves issues causing out of balance conditions.
• Works with Networks and internal departments to resolve settlement related issues.
• Balances monthly interchange billing. Resolves any interchange billing outages.
• Maintains and documents settlement procedures.

Adjustments & Chargebacks:

• Processes adjustments & charge-backs for financial institutions on a daily basis. 
• Remains knowledgeable on all adjustment timeframes, rules, and regulations.
• Works with Networks and internal departments to resolve adjustment/chargeback related issues.
• Completes monthly adjustment billing spreadsheet per department procedure.
• Maintains records, filings and supporting documents. 
• Maintains and documents adjustment/chargeback procedures.

Invoicing:

• Maintains and updates billing spreadsheets based on Network invoicing and billing reports. 
• Reviews legal agreements and sets up recurring templates. Updates renewal pricing and pricing associated with product additions.
• Prepares contract buyouts.
• Maintains contract expiration spreadsheet.
• Proofs and audits monthly invoicing.
• Maintains and documents billing procedures.