Community Federal Saving Bank is seeking Settlement Analyst- Payment Solutions who will play a critical role in the day-to-day accounting operations functions related to payment solutions for a fintech sponsorship bank. This entry level position is responsible for ensuring the accuracy and integrity of daily money movement and reconciliation of customer accounts to support the payment solutions business. 

The ideal candidate will have a head for numbers, experience with MS Excel, excellent verbal, and written communication skills as well as strong analytical skills. This individual will need to demonstrate the ability to work proactively, independently, and be able to meet deadlines.

Responsibilities:

• Account reconciliation and auditing.
• Daily support of Payment Solutions Department transaction processing.
• Balance and support of clearing and reconciliation for program managers and Networks.
• Create daily settlement procedures to facilitate account reconciling.
• Work closely with the Settlement Services Department to reconcile program manager ACH transactions.
• Work closely with major Networks to resolve any discrepancies related to daily settlements.
• Reconcile program manager prefunding and settlements accounts.
• Perform financial due diligence on prospects and clients as needed.
• Support general ledger activity to ensure compliance with GAAP and company policies. 
• System Management: Maintaining knowledge and awareness of our current accounting systems, including receiving training on new and updated features.

Knowledge, Skills, and Abilities:

• Organized and independent; a self-starter who is comfortable taking on significant responsibility
• Strong analytical and communication skills; you’re able to analyze a problem, pay attention to details, work through a solution, and discuss your analysis.
• Working knowledge of US Generally Accepted Accounting Principles (GAAP).
• Excel – Intermediate Level (including proficiency with formulas, pivot tables and look-ups).
• Excellent written and verbal communication skills.
• Strong organization skills and attention to detail.
• Team player with a strong work ethic and positive attitude to ensure team meets deadlines.

Education, Training, and Experience:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• 2 years of experience in accounting and finance, experience in the fintech or banking sector a plus.
• Ability to work in a complex, fast-paced environment. 
• Experience with payment processing systems, including ACH, card networks, and digital payment solutions a plus.

Salary: $70,000K -$75,000K

"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.