Accounting Specialist

Luqra; Newport Beach (CA); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Paid time off and holidays

Job summary

Luqra is seeking an Accounting Specialist to handle diverse daily and monthly accounting tasks within the Fintech/Payments sector. The role emphasizes accuracy, collaboration with audit processes, and precise financial reporting from cash to general ledger.

Ideal candidates have 3+ years of accounting experience, proficiency in Excel and QuickBooks, and strong reconciliation and communication skills. This on-site position offers opportunities for professional growth and robust benefits.

Qualifications

• Bachelor's degree in a related field is a plus.
• 3+ years of accounting experience.
• Fintech/Payments Industry accounting experience a plus.
• Proficient in Microsoft Excel.
• Proficient in QuickBooks (QBO).
• Organized and detail oriented with an ability to work independently.
• Effective written and oral communication skills.
• Strong reconciliation skills: cash and general ledger.

Responsibilities

• Assist creating/managing Luqra ERP tickets (Finance Audit Queue) to resolve funds movement issues and internal/external verification requests including the Cancellation Ticket workflow ticket type.
• Resolve MRA (TSYS Platform - Maintain Reject Activity) entries including accumulation of entries on the MRA log.
• Initiate/Post MDE (TSYS Platform – Manual Data Entry) funds movement entries including accumulation of entries on the MDE log.
• Assist with resolving AR-ACH Reject activity and monitor merchant reserves and prepare for collections or legal action as needed.
• Assist with the Release of Funds to Merchants in mReports.
• Ensure subsidiary tracking spreadsheet files are maintained accurately and timely regarding posting activity.
• Assist with the coding of daily cash activity and adjustment postings.
• Manage general ledger accounting and recurring journal entries for adjustments.
• Reconcile assigned Balance Sheet Accounts and complete monthly close responsibilities.
• Assist with Residual Commission adjustments communications and reporting.
• Review daily bank activity and reconciliation of adjustment transactions.
• Assist in monthly and year-end financial/audit compliance reporting.
• Prepare assigned analysis reports (recurring and ad-hoc).
• Perform duties to minimize errors and cross-train as needed.
• Develop training modules for bank compliance and PCI rules.
• Assist with audits (External Financial Audit, SOC Audit, Sponsor Bank Compliance, Card Brand).
• Handle special projects as assigned.

Skills

Detail oriented

Independent work

Strong communication

Analytical skills

Education

Bachelor's degree in related field

Tools

Excel

QuickBooks

Job description

The Accounting Specialist will perform a broad range of daily and monthly responsibilities centered around the specific accounting requirements of the Fintech/Payments Industry. Below is a list of responsibilities:

Qualifications:

• Bachelor's degree in a related field is a Plus.
• 3+ years of accounting experience.
• Fintech/Payments Industry accounting experience a plus.
• Proficient in the Microsoft Suite of products including Excel.
• Proficient in QuickBooks (QBO).
• Organized and detail oriented with an ability to work independently.
• Effective written and oral communication skills.
• Strong reconciliation skills: cash and general ledger.

Responsibilities include but are not limited to:

• Assist creating/managing Luqra ERP tickets (Finance Audit Queue) to resolve funds movement issues and internal/external verification requests including the Cancellation Ticket workflow ticket type.
• Resolve MRA (TSYS Platform - Maintain Reject Activity) entries including accumulation of entries on the MRA log.
• Initiate/Post MDE (TSYS Platform – Manual Data Entry) funds movement entries including accumulation of entries on the MDE log.
• Assist with resolving AR-ACH Reject activity. This includes resolving subject amounts due from merchant customers as needed while monitoring Merchant Divert and Merchant Reserve balances in the event a merchant has a depleted reserve balance. Assist with the preparation for collections or legal action as needed.
• Assist with the Release of Funds to Merchants in mReports.
• Ensure subsidiary tracking spreadsheet files are maintained accurately and timely regarding posting activity.
• Assist with the coding of daily cash activity regarding adjustment posting activity.
• Manage general ledger accounting and recurring journal entries regarding adjustment transaction entries under area of responsibility.
• Reconciliation of assigned Balance Sheet Accounts.
• Complete assigned monthly close responsibilities including assigned GL account reconciliations within the monthly close schedule timeframe.
• Assist with the communication of Residual Commission adjustments to the Luqra Operations Department and associated reporting and accounting of the deductions regarding applicable transactions under area of responsibility.
• Assist with the review of daily bank account activity and reconciliation regarding the initiated adjustment transactions under area of responsibility.
• Assist in monthly & year-end financial/audit compliance reporting.
• Prepare assigned analysis reports: includes recurring and ad-hoc reporting and analysis, as required.
• Perform duties in a thoughtful manner to minimize errors.
• Perform other backup and cross train related duties as assigned.
• Assist with the development of training modules for bank compliance and PCI rules and regulations related to area of responsibility.
• Assist with audit including but not limited to: External Financial Audit, SOC Audit, Sponsor Bank Compliance and Card Brand Compliance.
• Special Projects as assigned.

Additional:

Continually seek opportunities for improvement.

Effectively manage multiple priorities in a deadline driven environment.

Excellent communication, analytical and problem-solving skills.

Complete and accurate monthly reporting to assist in the audit processes.

Oversee the accuracy of the financial reporting process.

Benefits and Perks:

• Competitive salary, negotiable based on experience
• Comprehensive benefits package including medical, dental, and vision
• 401(k) with company match
• Paid time off and holidays
• Opportunities for personal and professional growth
• Collaborative, team-oriented culture