Settlement Manager

Marqeta   •  

Oakland, CA

Industry: Accounting, Finance & Insurance

  •  

5 - 7 years

Posted 280 days ago

This job is no longer available.

Primary Responsibilities

Reporting into the VP, Finance the Settlement Manager is responsible for designing and maintaining the daily settlement reconciliation process. S/he will work with cross functional teams to make sure that daily clearing and funds flow activities for the networks (Visa, MasterCard, Discover…), partner banks, and customers are recorded accurately. S/he will be responsible for identifying and resolving issues while maintaining a great relationship with the constituents mentioned above. Furthermore, as the business grows, the Settlement Manager will lead various initiatives to scale the settlement function through automation and process optimization.

  • Maintain the financial health of our system's balance sheet and identify instances that cause imbalances.
  • Work with internal teams (CS, Product, and Technology) to research and correct issues identified during reconciliation.
  • Participate in new customer on-boarding and existing customer de-commission processes to ensure customer funds flow is accurately recorded and reported.
  • Support accounting team in revenue recognition and expense reporting processes.
  • Assist customers with day-to-day balance reconciliation.
  • Work with internal system and data analytics teams to build settlement reconciliation reports and tools.
  • Continuing improvement in settlement operations to support the business scale.
  • Perform validation testing on product changes prior to production deployment.

Requirements

The ideal candidate should possess a solid background in accounting/finance related functions, have demonstrated success in solving problems and driving results. We are looking for candidates who has a keen sense of ownership, 5+ years’ experience in finance/accounting related functions.

  • 5+ years’ experience in finance/accounting related functions.
  • Banking or otherfinancial services industry background with a thorough understanding of settlement workflows and key risks controls.
  • Analytical rigor and an orientation toward data-driven management and decision making.
  • Proficient in financial systems and tools, strong Excel skills a must.
  • Self-motivated, proactive, detail-oriented and collaborative.
  • Ability to lead projects independently from start to finish, working with internal and external teams to make decisions.
  • Bachelor’s Degreerequired.