Settlement Accountant I

Position Summary

The Settlement Accountant I performs and assists in a variety of daily loan accounting activities for Merrick Bank Corporation (the “Bank”). Responsibilities include, but are not limited to, creating and uploading journal entries to the Bank’s general ledger accounting system, account reconciliations, compiling various reporting from processing systems and other duties as assigned by management.

Responsibilities

• Prepares daily general ledger entries for credit card and/or installment loan settlement activity for recording to the general ledger.
• Enters daily and monthly journal entries into the general ledger for the settlement team.
• Compiles various daily and/or monthly reports from the Bank’s loan processing platforms to be utilized by the Bank’s settlement team.
• Reconciles various lending settlement suspense accounts including researching outstanding items and working with the Bank’s servicing team to make the necessary adjustments to the loan accounts to clear the outstanding items.
• Prepares daily settlement related wires as assigned by management.
• Other duties as assigned by Settlement Management.

Compliance With Laws & Regulations

Responsible for complying with all of the Bank’s internal control policies and procedures. Responsible for understanding and complying with all laws and regulations to which the Bank is subject. Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Education And Experience

• A high school diploma is required.
• One (1) year of accounting or credit card and/or installment loan experience is preferred.

Summary Of Qualifications

• Experience with, and demonstrated skill at, the following computer applications: Spreadsheet (Excel preferred), ten key and e-mail.
• Ability to identify and solve practical problems with little or no supervision.
• Responsible, flexible individual with strong mathematical and analytical skills.
• Communicates effectively both orally and in writing; presents ideas in a clear, concise, understandable and organized manner.
• Oracle Financial experience a plus.
• Must be detail oriented.

Work Environment/Physical Demands

Light. The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.

Security Responsibilities - General

This classification requires heightened security awareness to safeguard the Bank's data, including customer non-public personal information. This security level means that the job includes exposure to all categories of Bank data, including customer non-public personal information.