Financial Settlement Representative - LTL

Posted 3 Days Ago
Be an Early Applicant
Hiring Remotely in Philippines
Remote
Mid level
Logistics • Software • Transportation
The Role
Audit and approve carrier payments, review and reconcile carrier documentation and bills, resolve billing discrepancies, manage high-volume carrier communications, analyze carrier aging reports, and collaborate to reduce DSO and DPO while maintaining accurate system records.
Summary Generated by Built In
ARE YOU INTERESTED IN JOINING AN INNOVATIVE LOGISTICS TECHNOLOGY COMPANY?
 
Loadsmart is a growth-stage technology company valued at over $1 billion (a true Tech Unicorn)!
 
We are a collection of industry veterans and user-centered engineers using innovative technology to fearlessly reinvent the future of freight by helping shippers, brokers, warehouses and carriers to move more with less.
 
With headquarters in Chicago and a globally distributed remote team, Loadsmart continues to attract top talent committed to driving meaningful change. We seek professionals who embody our core values: curiosity, clarity, results, commitment, and teamwork.

We are seeking a strategic and detail-oriented Financial Settlement Representative to join our fast-moving Financial Operations Team. In this role, you’ll be pivotal in enhancing the financial interactions between our Shipper Sales and Carrier Procurement teams, with the aim of reducing Days Payable Outstanding (DPO) and Days Sales Outstanding (DSO). Your expertise in handling exceptions, managing document workflows, and implementing process improvements will be key to streamlining our operations. With your knack for problem-solving and effective communication, you'll ensure financial transactions are settled accurately and efficiently, reinforcing our commitment to operational excellence. Join us in a role that's not just about crunching numbers — it’s about crafting a financial framework that upholds our promise of delivering a seamless experience to our shippers and carriers.

WHAT YOU GET TO DO:

  • Audit and approve carrier payments
  • Review carrier submitted documentation accuracy, ensuring  compliance with payable policy
  • Review documents and bills from carriers and resolve discrepancies
  • Manage fast-paced, high volume carrier  emails
  • Understand and diagnose what the billing problem is, and how to fix it
  • Provide detailed review of carrier’s aging report
  • Work in tandem with the rest of the financial settlement team to reduce our Days Sales Outstanding and Days Payable Outstanding Metrics

REQUIRED QUALIFICATIONS:

  • 3+ years of experience in financial operations and accounts payables

  • Hands-on experience with TMS and audit provider systems

  • Proven experience in Excel

  • Strong proactivity and problem-solving skills with high attention to detail

  • Comfortable with daily manual data entry and system updates

  • Ability to interpret and review contracts and carrier terms

  • Ability to manage multiple priorities in a fast-paced environment

  • Excellent communication and cross-team collaboration skills

  • Experience with LTL is desirable

WORKING AT LOADSMART:
 
• Competitive base salaries - we believe in rewarding top talent 
• Loadie Time Off - PTO and sick days without a limit
 
 
At Loadsmart, we believe our biggest asset is our people. We are proud to be an equal opportunity employer, hiring and developing individuals from diverse backgrounds and experiences to add to our collaborative culture. Loadsmart treats all candidates and employees with respect and does not discriminate in our recruiting, hiring, and promoting processes, including on the basis of race, color, religion, sex, age, sexual orientation, gender identity and/or expression, national origin, veteran status, or disability.
 
It is the policy of Loadsmart that all offers of employment made shall be contingent upon successful completion of electronic background check(s). These checks will be job-related, consistent with business necessity and conducted by our vendor, pursuant to all applicable laws, rules, policies and procedures of our candidates' specific locale.

Skills Required

  • 3+ years of experience in financial operations and accounts payables
  • Hands-on experience with TMS and audit provider systems
  • Proven experience in Excel
  • Strong proactivity, problem-solving skills, and high attention to detail
  • Comfortable with daily manual data entry and system updates
  • Ability to interpret and review contracts and carrier terms
  • Ability to manage multiple priorities in a fast-paced environment
  • Excellent communication and cross-team collaboration skills
  • Experience with LTL

Loadsmart Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Loadsmart and has not been reviewed or approved by Loadsmart.

  • Leave & Time Off Breadth Unlimited PTO (“Loadie Time Off”) and sick time are described in postings as available without a limit, broadening flexibility for time away. Availability is noted across many U.S. roles, though exact application can vary by position and location.
  • Healthcare Strength Comprehensive medical, dental, and vision coverage is consistently cited in job postings, indicating a solid core health offering. This breadth forms a standard tech-style benefits baseline for U.S. employees.
  • Equity Value & Accessibility Stock options are frequently offered and positioned as competitive alongside base pay and other benefits. This ownership component is presented as a meaningful part of total rewards.

Loadsmart Insights

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The Company
HQ: Chicago, IL
495 Employees
Year Founded: 2014

What We Do

We are industry veterans and data-scientists using innovative technology to fearlessly reinvent the future of freight. As the ‘nerds of logistics’, we seek intelligence in data to solve deep-rooted inefficiencies in the industry. We give shippers, brokers and carriers access to our data connections (linking supply and demand) and suite of award-winning solutions to strike the perfect balance of cost and service. We’re creating a more efficient and environmentally responsible way to move more with less. For more information, please visit: https://loadsmart.com

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