We are seeking a highly organized and detail-oriented Financial Operations Specialist to join our team in the payments industry. The ideal candidate will be responsible for a variety of financial and operational tasks, ensuring accurate revenue accounting, efficient ACH processing, meticulous chargeback management, and comprehensive financial reporting. This role requires strong analytical skills, proficiency in Excel and financial software, and the ability to prioritize tasks effectively in a fast-paced and ever changing environment.

Key Responsibilities:

Revenue Accounting:

• Calculate ACH revenue on a monthly basis

• Assist in billing ACH transactions monthly

• Collaborate with the team to streamline systems by assisting with spreadsheet automation

Card Revenue Accounting:

• Daily updates to merchant accounts tables and raw data files

• Daily download and reconciliation of transaction files

• Handle ticket assignments for discrepancies in merchant rates

• Monthly creation and distribution of manual invoices for specific clients

• Monthly billing of card revenue receivables

• Monthly review of accounts receivable to ensure timely resolution of outstanding items aged over 90 days

• Monthly reconciliation and tie-out of settled and authorized transactions for month-end closing

Financial Operations:

• Daily updates to "on hold" instructions spreadsheet

• Daily reconciliation and release of FBO transactions

• Daily download and update of settled and authorized transactions and raw data files

• Weekly creation of cash forecasts

• Daily verification of bank balances and analysis of transactions

Chargeback Management:

• Daily recording and processing of chargeback activities, additional fees, and mid-buybacks

• Daily identification and recording of chargeback fees for cash application

• Daily billing of chargeback fees

• Monthly preparation of outstanding chargeback reports

Other Revenue Accounting Responsibilities:

• Monthly calculation and billing of gateway revenue

• Monthly calculation and billing of international percentage fees

• Monthly monitoring and recording of buyback MID activities

• Monthly update of ACH accounts with new and changed details

Residuals and Ticket Fee Management:

• Daily download and processing of funding instructions for residual counts

• Monthly calculation, research, documentation, and reporting of residuals

• Monthly calculation, distribution, and payment requests for ticket fees

General/Corporate:

• Other tasks and responsibilities, as assigned.

Qualifications:

• Bachelor's degree in Finance, Accounting, or related field

• 3+ years of experience in financial operations or accounting, preferably in the payments industry

• Strong proficiency in Excel including experience with complex formulas, pivot tables, and data automation

• Demonstrated experience with Power Query + VBA; experience with Power BI preferred

• Working knowledge of GAAP and ASC 606, common accounting processes, and financial statements

• Proficiency with accounting software such as Quickbooks, Xero, NetSuite, Sage, etc.

• Excellent analytical and problem-solving skills

• Familiarity with data and integration processes and tools including data flow automation, data validation and error handling

• Ability to prioritize tasks and meet deadlines in a fast-paced environment

• Strong attention to detail and accuracy

• Effective communication and collaboration skills