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Settlement Accountant

Company: ACI Worldwide
Location: Norcross
Posted on: November 26, 2022

Job Description:

Settlement Accountant

Norcross, GA

If you've ever used an ATM, made an online purchase, sent money to a friend using your phone, paid a utility bill or made a student loan payment, chances are your transaction was processed and safeguarded by ACI software.

ACI Worldwide delivers the mission-critical real-time payments software solutions that enable corporations to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk.

About you

You like numbers! You have previously worked in the environment that has exposed you to banking, issuing, card processing or acquirer world. You are curios and want to learn more. While being methodical and process driven, you are also resourceful and think outside the box. You want to learn and broaden your knowledge of the payments industry. We are open to someone with 0-4 years of experience. If you have had some amazing internships- we would love to be that next step in your career!

About the role

Our Account Settlement Team is looking for a Settlement Accountant/Specialist responsible for overall general Accounting and Finance support for Product Management and Accounting including Account Reconciliations, ad hoc Reporting, Variance Analysis and other.

As part of our Settlement team, the Settlement Accountant will be responsible for posting of activity to general ledger, and the monthly close functions associated with the assigned platforms, processor, and/or client.

Core responsibilities

  • Perform daily, weekly, monthly updates and balancing of platform specific settlement accounts

  • Prepare report of the daily cash position and assist in researching fluctuations to provide variance explanations as needed

  • Prepare Platform, Processor, or Client specific journal entries

  • Reconcile, and research open items through resolution. This will include client and consumer concerns as they relate to operations cash, or processor exceptions specific to the assigned Platform, Processor, Client, or General Ledger: Cash, Receivable, and Payable Accounts.

  • Perform comparisons with the stage(s) of the cash recording process supported by the Ledger source/Platform and prepare appropriate adjusting entries as necessary

  • Initiate or approve daily cash settlement wires

  • Operational knowledge of the Exception processes (Chargebacks, Reversals, Refunds). Researching and/or working with the Exception team through resolution.

  • Prepare Discount Fee cost analysis and research variances as needed.

  • Compile applicable support for internal and external audit sample selections as often as required

  • Perform backup duties and other duties or special projects as assigned

    Education and System Requirements

  • Bachelor's Degree in accounting or any Finance/Business focused discipline
  • Credit Card Processing or Issuer/Acquirer Settlement experience
  • Microsoft Suite, specifically Intermediate level Excel knowledge
  • Reconciliation Software, such as Smart Stream or an equivalent reconciliation tool
  • Working knowledge of various bank portals to access data and initiate wires

    What it's like to work at ACI Worldwide

    ACI is a diverse collection of talented professionals working in concert to power some of the world's most critical financial infrastructure. Everything we do is grounded in our core values of integrity, accountability, diversity, and customer-centricity.

    At ACI, our shared values are key to how we transform the world of payments. We are a team of over 4,500 people who are committed to deliver, honorable in doing the right thing, accepting of people's differences whilst building lasting relationships with our customers and teams across the world. We look for talented people who not only share these values but can drive us forward in our vision to be the global leader in real-time payments.

    Want to play a part in the world of payments that shape daily life? Join us. Visit

    We take our corporate social responsibility very seriously, and we invest and commit to excellence in three areas:

  • Responsible use of environmental resources, with a specific focus on energy use and waste control
  • Upstanding social citizenship, via employee development, long-term DEI investment, data privacy, and thoughtful engagement with our own communities and those of our customers
  • The highest ethical standards for our leadership makeup and board structure

    What We Offer

    We invest in our team at ACI Worldwide. We are proud to offer our employees with a comprehensive benefits package, designed to support you and your life's needs throughout your career with us. With that, we also offer extensive training and development to grow and nurture our team and encourage a social and approachable work environment.

    Career growth and development

    We give our employees the tools, access, and opportunity to grow their careers they want. At ACI Worldwide, you will have access to:

  • ACI University, our learning portal with more than 10,000 learning opportunities, including technical and business skills, soft skills development, and compliance education
  • The global ACI leadership program
  • Mentorship programs

    ACI Worldwide is an AA/EEO employer in the United States, which includes providing equal opportunity for protected veterans and individuals with disabilities, and an EEO employer globally.


Keywords: ACI Worldwide, Atlanta , Settlement Accountant, Accounting, Auditing , Norcross, Georgia

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