Settlement and Accounting Administrator

Angajator: Paydek
  • Banci
  • Tip job: full-time
    Nivel job: 1 - 5 ani experienta
  • Actualizat la: 27.01.2020
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    We believe in a better future. For all of us.


    -Two or more years of work in a Payments Processing company or card network or retail bank or FinTech company, as a retail banking accounting officer, or processing settlement accounting specialist or equivalent, with specific experience in handling payment network settlement functions.
    - Knowledge of budget preparation and financial planning and management.
    - Associate Degree in Accounting or Finance.
    - Related professional certificates/qualifications.
    - Proven written and verbal communication skills and bilingual in Spanish and English.
    - Creative and results oriented, with the desire for self-development.
    - Ability to work with minimal supervision in a dynamic growing job environment.
    - Excellent analytical and problem solving skills.


    - Responsible for all internal accounting and finance functions within the Card Operations division.
    - Conduct accounting, settlement with the UPI networks and I2C Processor, fee collection and cost generation to ensure daily reconciliation and settlement.
    - Develop and maintain accounting and settlement processes in accordance with industry standards and UPI Network and I2C Processor settlement systems and processes.
    - Prepare daily balancing, reporting and general ledger accounting for the business, including fee collection, portfolio and processing charges and correct posting.
    - Handle all inquiries from clients regarding all settlement and fee issues.
    - Coordinate with the Card Operations Manager and CFO and develop the annual Card Issuing Operations budget with the CFO, for presentation to the Board.
    - Maintain data base of client contract fees and due dates.
    -Fee Collection: Invoice clients based on agreed contracts and follow up for payments.
    - Move deposited fee payments from the settlement account to the designated fee account.
    -Vendor Payments: Make payments to vendors based on dual approvals by the Card Operations Manager and the CFO in accordance with policies.
    - Prepare monthly status of fees invoiced and paid / unpaid / past due, and vendors paid.
    - Other related duties as required.