Merchant Services Accountant

Jericho, NY
Full Time

Job Description

The Merchant Services Accountant is responsible for preparation and maintenance of the daily and monthly clearance and settlement activities associated with Merchant Services payment processing area. This role is critical in ensuring that counterparty and customer transactions and related fees are properly cleared and settled.

• Daily reconciliation - balancing of wire and ACH transactions to processors
• Daily Reconciliation of "In Process" or suspense accounts
• Process manual ACH payments
• Record accounting journal entries to reflect daily and monthly activity and maintain proper documentation.
• Record Mastercard (weekly) and Visa (monthly) invoices
• Reconciliation and review of chargebacks (month end close)
• Assist in month end close process and the evaluation and clearance of issues
• Assist in the implementation of operational initiatives

• Bachelor's degree in Accounting with a minimum 3.2 GPA
• 1 year of payment processing background preferred (processor, ISO, card brand, acquiring bank)
• Microsoft Excel and Word skills, required
• Ability to multi-task, prioritize and work in a fast-paced environment
• Ability to work independently and meet necessary deadlines
• Analytical and problem solving skills are critical ·
• Strong communication skills

Additional Details

Experience: 0-2 years