Job Description

Job Description

Merrick Bank employees share in our mission to delight our customers and empower underserved consumers to achieve their credit goals. In return, we delight our associates; ensuring they are noticed, heard, appreciated and understand the importance of their role(s). For over 20 years, our Guiding Principles of; doing the right thing, putting the customer first, and Earn, Learn, Have Fun (aka E.L.F.), have defined who we are as an Employer of Choice. Give Yourself Credit, Work at Merrick!

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. The Settlement Accountant I must ensure all job duties are in compliance with established controls and procedures and with a high degree of accuracy.

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Essential Functions:

• 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.

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**Compliance with Laws & Regulations:Â **

• 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.

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Education and Experience:

• High School diploma is required.
• Two (2) years of accounting or credit card and\or installment loan experience is preferred. Â

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Summary of Qualifications:

• Experience with, and demonstrated skill at, the following computer applications: Spreadsheet (Excel preferred), ten key and e-mail.Â
• 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.Â
• Oracle Financial experience a plus.
• Must be detail oriented.
• Entry- Level.

Who is Merrick Bank? Founded over 20 years ago, Merrick Bank is a FDIC-insured Utah Industrial Loan Bank that originates loans with the benefit of low-cost deposit funding. Merrick Bank had $4.5 billion in assets and $3.1 billion in deposits as of March 31, 2021. Merrick Bank operates four main business lines:Â Credit Cards, Recreation Lending, Personal Loans and Merchant Acquiring.

Our Valued Employees are provided generous benefits, including:

• Competitive PayÂ
• Benefits Package -Medical, Dental and Vision (plus much more)Â
• 401(k) Plan with Company MatchÂ
• Short & Long Term DisabilityÂ
• Group Life and AD&D Insurance
• Paid Vacation, Holidays, and Personal DaysÂ
• Employee Events, including Employee Appreciation Day, Holiday Party, etc.Â
• Tuition Reimbursement ProgramÂ

Candidates must have unrestricted authority to work in the United States without sponsorship.

If this position is based in our Woodbury, Long Island office or Virtual , please note that ALL the work for this position must be performed outside of the five Boroughs of New York City.

Merrick Bank is an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic. We will conduct a thorough background check for all hires in compliance with applicable law which includes (but may not be limited to) a review of factors including the applicant’s employment/personal references and drug testing.

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