Settlement & Clearing Accountant II

Exciting Opportunities at Maverick Payments!
Join our fast-paced, growing company and further your career with Maverick Payments, where you can thrive, your ideas are valued, and your colleagues feel more like family than coworkers!
About Us:
Maverick Payments is a family-owned and privately held full-service payment provider. Located in Calabasas, California, Maverick has created innovative technology designed for sales organizations, such as ISO’s and ISV’s, looking to monetize payments by reselling our white-labeled payments stack. Our payment products include merchant acquiring services, a proprietary gateway, ACH processing, fraud & chargeback tools, analytics, and other value-add services. Maverick’s team includes underwriting, risk management, compliance & legal, technology & product development, on-boarding, customer support, information technology, and more.
About the Position: 
Reporting to the Director of Settlement, the Settlement & Clearing Accountant II is responsible for supporting Maverick’s accounting needs by managing the daily settlement and bank reconciliations, as well as the review of daily rejected settled and non-settled transactions.

• Prepare daily settlement for sponsor banks. Identify and research items creating out of balances, general ledger differences, and/or funding issues. Maintain close communication with management on discrepancies and submit inquiries to processor (TSYS) when necessary.
• Perform bank reconciliations on settlement accounts. Submit settlement packages to sponsor banks as required.
• Perform daily review of authorizations and settled transactions rejecting/held during the daily settlement process. Review, record, and submit transactions via shared files to Risk and Terminal Support Departments which require review and/or approval for processing.
• Perform resubmission of rejected daily settlement, risk, and other various transactions through processor (TSYS).
• Prepare and process monetary adjustments for merchant reserve transfers and daily reconciliation.
• Review assigned bank TSYS green screen rejects and assess merchant accounts for potential risk concerns, recommending further review by the risk management department.
• Process and clear reviewed items flagged by risk management.
• Research and review incoming return transactions and outgoing rejects to determine appropriate resolution, including submission or rekeying.
• Submit and process daily debit and credit requests from cross-functional departments.
• Monitor and review high-ticket ACH Portfolio transactions to ensure accuracy before release.
• Respond to bank Point of Authorization (POA) requests by reviewing and obtaining necessary documentation from merchants while ensuring compliance with NACHA guidelines.
• Maintain accurate financial records and ensure all accounting practices align with company policies and regulatory requirements.
• Assist with audits, reporting, and other financial analysis as needed.
• Perform other duties as assigned.

Qualifications:

• High School Diploma or Equivalent.
• 2-3 yrs. experience in Merchant Processing and Accounting.

Preferred:

• Bachelor’s degree in business, Finance, or similar field.
• 3-5 years of experience in merchant processing, accounting and risk.
• Experience with TSYS and/or First Data platforms.
• Strong analytical and problem-solving skills with the ability to work independently
• Exceptional attention to detail and the ability to prioritize tasks, manage time efficiently, and meet deadlines in a fast-paced environment.
• Result Oriented – Ability to achieve results consistent with departmental objectives
• Good communication skills – Ability to communicate effectively verbally and in writing.
• Efficient with Microsoft Office Suite including Outlook, Excel, and Word.

What We Offer:

• Competitive Salary, Bonuses and Incentives.
• Comprehensive employer sponsored health, vision, and dental insurance programs.
• Paid time off, Paid Sick and Paid Holidays.
• 401K plan with up to a 3% matching contribution.
• Commitment to Career Development and Advancement.
• Employee Recognition Programs
• Vibrant Office Culture, Team Building, Birthdays, Work Anniversaries, fully stocked kitchen, and more!

Pay Range: $33- $37/hr.
This position will report on-site to our corporate offices in Calabasas, CA.