What are the responsibilities and job description for the Merchant Services Accountant position at Esquire Bank?
About Esquire Bank
Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York, and an administrative office in Boca Raton, Florida. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible payment processing solutions to small-business owners. For more information, visit www.esquirebank.com.
About the Role of Merchant Services Accountant
As Esquire management continues to buildout our merchant services platform, we understand the value in hiring strong candidates in the accounting and finance function. Esquire is a smaller banking institution and dynamic environment where the successful candidate will be exposed to several aspects of the bank’s businesses providing a significant opportunity to expand his or her professional skill set.
The Merchant Services Accountant is responsible for preparation and maintenance of the daily and monthly clearance and settlement activities associated with our Merchant Services payment processing area. This role is critical in ensuring that our counterparty (Credit Card Brands - AMEX, Mastercard, Discover; Processors - TSYS, Fiserv, Repay) and customer (Independent Sales Organizations, or “ISO”, and Merchants) transactions and related fees are properly cleared and settled. This team member will interact externally (ISOs, processors) and internally (risk management, corporate accounting, bank operations, technology).
Detailed Responsibilities:
- Daily reconciliation - balancing of wire & ACH transactions to processors
- Daily Reconciliation of “In Process” or suspense accounts
- Process manual ACH payments
- Record accounting journal entries to reflect daily and monthly activity and maintain proper documentation.
- Record Mastercard (weekly) and Visa (monthly) invoices
- Reconciliation & review of chargebacks (month end close)
- Assist in month end close process and the evaluation and clearance of issues
- Assist in the implementation of operational initiatives
- Ensure that all activities are performed in compliance with federal, state and Bank Secrecy Act regulatory requirements.
Qualifications:
- Bachelor’s degree in Accounting with a minimum 3.2 GPA;
- Payment processing background preferred (processor, ISO, card brand, acquiring bank)
- Microsoft Excel and Word skills required
- Ability to multi-task, prioritize and work in a fast-paced environment
- Ability to work independently & meet necessary deadlines
- Analytical and problem solving skills are critical
- Strong communication skills
Location: Esquire Bank, Jericho, NY (On-site)
Full time – M-F 8:30 am - 5:30 pm
Estimated Salary Range:
- $60,000 - $75,000 / year
- Compensation may vary based on education, skills, qualifications and/or expertise.
Salary : $60,000 - $75,000