Settlement Balancing Accountant

St. Louis, Missouri, United States

Apply with AI Apply

Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, PaymentsIndustries

Requirements

Candidates must possess a minimum of 2 years of experience in a Settlement Balancing role within a card processing environment. Intermediate proficiency in Microsoft Excel and PowerBI is required, along with experience in accounting systems, particularly in completing reconciliations and working with various systems. An Accounting/Finance Degree or equivalent relevant experience is necessary, as is experience in high processing volume environments. Strong organizational skills, excellent verbal and written communication, time management, and problem-solving abilities are also essential.

Responsibilities

The Settlement Balancing Accountant will be responsible for settling high-volume financial transactions daily, ensuring the proper functioning of data transfers between system interfaces like Netsuite, associations, and settlement banks. This role involves reconciling daily funds movements with reported results, reconciling clearing and settlement general ledger accounts at month-end, and providing standard or ad hoc reports on clearing and settlement activity. The accountant will utilize settlement systems and bank data to prepare and record general ledger journal entries, analyze and research variances, and provide concise explanations for fluctuations. Additionally, the role requires partnering with internal and external clients and service providers to resolve out-of-balance conditions, funds movement errors, and transaction processing inquiries.

Skills

Netsuite

Settlement systems

Bank-provided systems

General ledger

Journal entries

Reconciliation

Variance analysis

Reporting

Data transfer

Financial transactions

Excel

Xplor

Provides software and payment solutions for businesses

About Xplor

Xplor Technologies offers software and payment solutions designed to help small to medium-sized businesses grow by managing digital marketing, loyalty programs, and appointment scheduling. Their products operate on a subscription model for software and transaction fees for payment processing, allowing businesses to streamline operations and enhance customer engagement. Xplor stands out by promoting an inclusive culture and continuously improving its offerings with advanced features like Xplor Pay Mobile and Service Autopilot. The company's goal is to empower businesses to effectively engage with customers and drive growth through accessible technology.

None, NoneHeadquarters

2022Year Founded

DEBTCompany Stage

Consumer Software, Enterprise Software, FintechIndustries

1,001-5,000Employees

Benefits

Remote Work Options

Risks

Increased competition from Square and Stripe may impact Xplor's market share.

Economic instability in Australia and New Zealand could affect Xplor Gym's adoption.

Regulatory scrutiny on PayFac as a Service may delay its implementation.

Differentiation

Xplor integrates SaaS solutions with embedded payments for everyday life businesses.

The company offers AI-driven tools like Service Autopilot for innovative service delivery.

Xplor's PFaaS optimizes payment systems, unlocking new revenue streams for SaaS companies.

Upsides

Xplor Gym's launch in Australia and New Zealand expands its fitness market presence.

Justin Beck's appointment is set to drive global growth in home services.

Generative AI integration can enhance Xplor's offerings, adding value for clients.

Land your dream remote job 3x faster with AI

Try Jobo Free