Settlement Accountant I

Merrick Bank; South Jordan (UT); On-site; USD 52,000 - 65,000; Full time

Benefits offered by this job

Competitive base pay

Bonus target or variable pay

Medical, dental, and vision

401(k) plan with company match

Short/long-term disability

Wellness programs

Life and AD&D insurance

Paid vacation and holidays

Employee engagement activities

Job summary

Merrick Bank seeks a Settlement Accountant I in South Jordan, UT to manage daily ledger entries for credit card and installment loan settlements and to support the settlement team with reconciliations and reporting. The role emphasizes accuracy, internal controls, and adherence to policy while handling journal entries and processing tasks.

The position requires a high school diploma and at least one year of accounting or credit card experience; proficiency with Excel, 10-key, and email is

Qualifications

• High School diploma required.
• 1 year of accounting or credit card/installment loan experience preferred.
• Proficiency with Excel, 10-key, and email.

Responsibilities

• Prepare daily general ledger entries for credit card and installment loan settlements.
• Enter daily and monthly journal entries for the settlement team.
• Compile daily and monthly reports from processing platforms for the settlement team.
• Reconcile settlement suspense accounts and coordinate with the servicing team to clear outstanding items.
• Prepare daily settlement related wires as assigned by management.

Skills

Excel

Ten key

Email

Education

High School diploma

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 are

Founded 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 do

We 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

Light The 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 are 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 us

We 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 Proposition

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
• Benefits Package -Medical, Dental, and Vision (plus much more)
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

We 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.

Our growth is creating great opportunities! Our team is expanding, and we want to hire the most talented people we can. Continued success depends on it!

CardWorks Financial Group is the engine driving financial progress, a diversified consumer finance provider building ethical solutions across credit, lending, and the full customer lifecycle. Advancing finance with purpose, we put people—clients, customers, and colleagues—at the center of everything we do, guided by our CRITICAL values and united as one enterprise across Merrick Bank, CardWorks Servicing, and Carson Smithfield. As your everyday champion, our vertically integrated platform fuels financial progress through access to credit, high yield deposits, flexible merchant payments, and end to end servicing performance—powered by a culture of relentless curiosity, belonging, and growth.