Settlement Accountant I

Merrick-Bank; South Jordan (UT); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Competitive Pay

Bonus Program

401(k) Plan with Company Match

Healthcare benefits

Job summary

Merrick Bank in South Jordan, Utah, seeks a Settlement Accountant I to support daily loan accounting activities. You will prepare ledger entries, post journal entries, compile reports, reconcile suspense accounts and assist with wires, under supervision. Strong Excel, ten-key, and written/oral communication are essential.

The role emphasizes accuracy, problem solving, and adherence to internal controls in a busy financial services environment.

Qualifications

• High School diploma required.
• 1 year accounting or credit card/ installment loan experience preferred.
• Experience with Excel, ten key and email.
• Ability to identify and solve practical problems with little supervision.
• Responsible, flexible with strong mathematical and analytical skills.
• Effective communication in writing and speaking; detail oriented.
• Oracle Financial experience is a plus.

Responsibilities

• Prepare daily general ledger entries for settlement activity.
• Enter daily/monthly journal entries for settlement team.
• Compile daily/monthly reports from loan processing platforms.
• Reconcile settlement suspense accounts with servicing team.
• Prepare daily settlement related wires as assigned by management.
• Perform other duties as assigned by Settlement Management.

Skills

Excel

Ten key

Analytical skills

Attention to detail

Oral & written communication

Education

High School diploma

Tools

Oracle Financials

Job description

Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real difference every day.Who we areFounded in 1997, Merrick Bank is an FDIC-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide.What we doWe provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses.Merrick Bank ranks among the top 20 FDIC-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume. Position Summary: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.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.Compliance with Laws & Regulations: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.Education and Experience:High School diploma is required.One (1) year of accounting or credit card and\or installment loan experience is preferred.Summary of Qualifications:Experience with, and demonstrated skill at, the following computer applications: Spreadsheet (Excel preferred), ten key and e-mail.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.Oracle Financial experience a plus.Must be detail oriented.Work Environment/Physical Demands: LightThe physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.Security Responsibilities - General:This classification requires heightened security awareness to safeguard the Bank's data, including customer non-public personal information. This security level means that the job includes exposure to all categories of Bank data, including customer non-public personal information.General Disclosure:The above statements reflect the general information considered necessary to describe the principal functions of the job and should not be considered as a detailed description of all work requirements that may be inherent to the position. In addition, the incumbent may be called upon to personally handle projects or assignments not usually related to the position’s day-to-day activities. Understand and comply with laws and regulations that are applicable to my job function. Understand and comply with company policies and procedures that are applicable to my job function.Why join usWe believe in putting people first by supporting our customers, employees and our partners while creating opportunities for everyone to reach their potential. From fostering work-life balance to rewarding good work and innovative ideas, we invest in what matters most, our people.At Merrick Bank, you’ll be part of a collaborative, customer-focused team where you can grow your career while making a meaningful impact.Our Employee Value PropositionCompetitive Pay, including a Bonus Target or Variable Pay Incentive ProgramBenefits Package -Medical, Dental, and Vision (plus much more)401(k) Plan with Company MatchShort- & Long-Term DisabilityWellness ProgramsGroup Life and AD&D InsurancePaid Vacation, Sick Days and bank HolidaysEmployee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service RecognitionWe offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite. Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.We are proud to be an equal opportunity employer. All qualified applicants will receive consideration without regard to age, race, color, sex, or gender identity/expression (including pregnancy, childbirth, transgender status, or sexual orientation), religion or creed, ancestry, citizenship, national origin, disability, military or veteran status, marital status, genetic information, or any other characteristic protected by applicable law.We do not tolerate discrimination, harassment, or retaliation. Employment decisions are based solely on qualifications, merit, and business needs. Everyone is welcome here, and we hire based on your ability to do the job, not any protected characteristics.If you need help or reasonable accommodation during the application or hiring process, please let your TA Partner know.