Settlement Operations Manager

Job Summary:

The Manager, Settlement Operations position is a new opportunity to support a private equity-backed payments services company based in Dallas, TX. The Company is seeking a finance professional to support the expanding settlement function within the organization. This person will support the end-to-end merchant settlement function for multiple back-end processing platforms. This position will work closely with internal IT, Risk, Accounting and Finance team members, as well as externally with our bank and processing partners. This position will be responsible for completing multiple settlement reconciliations, compiling and analyzing large data sets, posting ledger entries and providing operational support to internal and external parties.  

Talus Pay is a leading fintech payment solution provider to small and medium sized business clients across the U.S. and is in the process of rapid growth. 

Summary of Essential Job Functions:

• Reconciliation & accounting of incoming wires from card brands and front-end processors
• Reconciliation & accounting of outgoing funds to merchants and/or vendors
• Reconciliation & accounting of month-end merchant fees
• Analyzes & researches any variances, and works to resolve any balancing issues with internal/external parties 
• Manages daily funding between operating and settlement bank accounts
• Posting of ledger entries for all daily revenue, costs, and receivables
• Research and resolve monetary and non-monetary rejects 
• Ensure open batch reports are being worked in a timely manner
• Ensure proper accounting of card brand fee accruals
• Reconciliation and aging of chargeback and other balance sheet items
• Reconciliation of daily revenue and costs to month-end processor files

Minimum requirements:

• BS degree in Business, Accounting, Finance, Economics, Statistics or related field
• Minimum 6-7 years’ experience in payment processing
• Settlement Accounting knowledge highly preferred, but not required
• Proficient personal computer skills with MS Office (Excel, Word, PowerPoint, and Outlook), including strong Excel skills required
• Data mining (SQL) experience a plus, but not required
• Knowledge of banking processes and transaction processing
• Ability to analyze projects with realistic thought processes and communicate progress
• Ability to work independently, as well as with others when needed
• Ability to prioritize and multi-task in a fast-paced environment
• Ability to work in a dynamic and growing organization  
• Ability to complete tasks accurately within established timelines  
• Ability to work well with local & remote personnel
• Attention to detail/accuracy
• Familiarity with IRIS CRM a plus, but not required

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the employee is frequently required to talk and hear.  The employee is frequently required to sit for extended periods of time and tolerate unpredictable work hours. The employee is frequently required to walk; use hands and fingers to feel, handle, or operate objects, tools, or controls; and reach with hands and arms.  The employee must frequently lift and or move up to 20 pounds, stretch and perform other physical exertion to move equipment and/or supplies.  Specific vision abilities required by this job include close vision and the ability to focus. In addition, the job requires employees to have the ability to hear and communication to customers and co-workers throughout the day for extended periods.  

Mental Requirements

The mental demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job; work and deadlines may impose pressure on a routine and frequent basis, substantive contacts with people in stressful situations, delicacy and unpredictability of contacts routinely may create significant/constant stress. 

Talus Payments is an EO Employer – Veterans/Disabled and other protected categories

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.  

Working Conditions

• Position is located in Dallas, TX
• Limited travel requirements as needed to meet business needs
• Business casual office environment
• Must be able to remain in a stationary position at least 50% of the time   

This description reflects managements’ assignment of essential functions, it does not proscribe or restrict the tasks that may be assigned.