Job Description
Full job description
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 - $70,000 / year
Compensation may vary based on education, skills, qualifications and/or expertise.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
401(k)
Dental insurance
Health insurance
Vision insurance
Work Location: In person
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 - $70,000 / year
Compensation may vary based on education, skills, qualifications and/or expertise.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
401(k)
Dental insurance
Health insurance
Vision insurance
Work Location: In person
💡 Quick Summary
Seeking a career-building opportunity? The Merchant Services Accountant position is now open for candidates interested in the Bank Jobs sector. This role in Jericho offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.