What are the responsibilities and job description for the Prepaid Settlement Reconciliation Specialist position at DataSync?
Description
Paysign is seeking a highly skilled Prepaid Settlement Reconciliation Specialist in settlement operations and financial reconciliation for our prepaid card program management fintech company. This role is critical in ensuring the accuracy, timeliness, and efficiency of back-end financial transactions, fund movement oversight, and ledger reconciliation. The ideal candidate will bring a strong analytical mindset, experience in electronic funds movement, and the ability to manage complex financial data flows.
Requirements
Key Responsibilities
Paysign is seeking a highly skilled Prepaid Settlement Reconciliation Specialist in settlement operations and financial reconciliation for our prepaid card program management fintech company. This role is critical in ensuring the accuracy, timeliness, and efficiency of back-end financial transactions, fund movement oversight, and ledger reconciliation. The ideal candidate will bring a strong analytical mindset, experience in electronic funds movement, and the ability to manage complex financial data flows.
Requirements
Key Responsibilities
- Lead the settlement and reconciliation of high-volume financial transactions with precision and efficiency.
- Ensure seamless data transfer and integration across NetSuite, external card networks, processors, Federal Reserve and settlement banks.
- Oversee and enhance daily fund movement reconciliation against reported financial results.
- Manage debit/credit transaction processing and ensure accurate system data entry.
- Direct and optimize month-end reconciliation of clearing and settlement general ledger accounts.
- Develop and implement policies, controls, and best practices for prepaid reconciliation operations.
- Monitor and manage client funding account cash balances.
- Drive continuous process improvements to increase operational efficiency and reduce financial risks.
- Strong financial management expertise with a focus on reconciliation, reporting, and compliance.
- In-depth understanding of electronic funds movement and financial settlements.
- Proven ability to analyze complex financial data and troubleshoot discrepancies.
- Excellent time management, organization, and follow-up skills.
- Strong ethical conduct, attention to detail, and thoroughness.
- Proficiency in accounting software, ERP systems (NetSuite preferred), and reconciliation tools.
- Bachelor’s degree in Accounting, Finance, or a related field or equivalent work experience.
- 5 years of experience in financial reconciliation, settlement, or treasury operations, preferably in prepaid card programs or fintech payment processing.
- Experience working with payment processors, banking institutions, or electronic fund transfer systems.
