Senior Settlement Accountant - Remote

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

The Opportunity

We are seeking a talented Senior Settlement Accountant. This position will be responsible for researching and resolving monetary exceptions across Network, Card and/or Account activity and settling funds with financial institutions. This includes overseeing the accurate exchange of funds and proper recording of all settlement transactions, to prevent company exposure to liability. 

Day In The Life

• Leverage analytical skills to ensure accurate balancing and reconciliation of network, card and account transaction daily settlement while minimizing financial risk exposure. 
• Use critical thinking skills in the process of accurately creating, balancing, and distributing settlement (including reconciliation items) to financial institutions via ACH, Federal Reserve and Direct file, while minimizing financial exposure.
• Leverage your knowledge by executing, embracing, and championing the continuous improvement of settlement function documentation & settlement controls.
• Responsible for the research and resolution of complex settlement items that may have financial impact.
• Serving as a subject matter expert training internal and external clients on settlement.
• Review and extract data to analyze information obtained by other departments for settlement support for prompt resolution on member inquiries.
• Identifies and implements work process efficiencies. Provides training on various network processes and internal procedures to existing and new staff.

Qualifications:

• 4 year Associates Degree preferred or equivalent accounting experience.
• Advanced knowledge of Settlement Operations process or related experience.
• Internal candidates must have a minimum of seven years related network operations experience.
• External candidates need ten years’ experience in accounting, settlement or related financial services
• Knowledge and solid working understanding of Generally Accepted Accounting Principles (GAAP) is essential.
• Possess Internal Controls, Financial Recordkeeping and Risk Management competencies.
• Advanced skills using MS Windows, Word, Excel, and database software applications required.

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

to

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster and the "EEO is the Law" Poster Supplement. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here (English and Spanish). For information regarding your Right To Work, please click here (English and Spanish poster).

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [email protected] for assistance.