Merrick Bank employees share in our mission to delight our customers and empower underserved consumers to achieve their credit goals. In return, we delight our associates; ensuring they are noticed, heard, appreciated and understand the importance of their role(s). For over 20 years, our Guiding Principles of; doing the right thing, putting the customer first, and Earn, Learn, Have Fun (aka E.L.F.), have defined who we are as an Employer of Choice. Give Yourself Credit, Work at Merrick!

At Merrick Bank, our mission is to provide exceptional service to our Independent Sales Organizations (ISO) clients to give them the competitive edge in the Acquiring industry to help expand their portfolio. The responsibilities of the Senior Merchant Accountant include, but are not limited to, preparing information to record to the Bank’s general ledger, account reconciliations, preparation of monthly residual statements for the Bank’s ISOs and research of suspense items. This position is an excellent opportunity to understand the full circle of a credit card transaction as it relates to the merchant, work independently while maintaining a high level of accuracy and being involved in learning new processes within the Merchant Accounting group. They are considered a subject matter expert and can provide assistance to their coworkers. The Senior Merchant Accountant must ensure that all job functions are completed in compliance with established controls and procedures and with a high degree of accuracy.

Essential Functions:

• Compiles and analyzes financial information to prepare entries to the Bank’s general ledger (Oracle Cloud) and documents and records business transactions.
• Performs various complex account analyses and reconciliations including researching and clearing suspense account outages timely and accurately.
• Prepares ISO monthly residual statements ensuring that the residuals are accurate and settled timely and that merchant and ISO reserves are balanced daily and appropriate approvals have been received.
• Prepares monthly journal entries and prepares requests for payment of such residuals for the Bank’s ISO clients.
• Analyzes and identifies anomalies in the merchant accounting process, researches and understand the issue and make recommendations as to how to resolve and/or improve processes.
• Compiles and analyzes financial information for accurate reporting to Finance management.
• Communicates with the appropriate parties, internal or external, to ensure compliance with Bank timeframes, deadlines and policies and procedures.
• Identifies task related areas of inefficiency, determines more effective approaches and presents findings to Finance management for consideration of process improvements.
• Completes and maintains departmental procedures for approval utilizing standard procedure templates.
• Completes a variety of daily, weekly, and monthly schedules as required by management.
• First point of contact for ISO requests and communicates directly with ISO clients in a professional/knowledgeable manner.
• Assists and mentors team members with daily and monthly processes when needed.
• Assists management with special projects and compile data for audit requests.
• Assists team members with escalated items as assigned per management.
• Assists management to improve and automate processes in the subject they are an expert in.

Compliance with Laws & Regulations:

• Responsible for complying with all of the Bank’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Education and Experience:

• Bachelor’s degree in finance-related studies, or equivalent broad experience is required, four (4) years of related and equivalent experience accepted in lieu of education requirement.
• Four (4) years of progressively responsible accounting or financial industry experience is required.

Summary of Qualifications:

• Experience with, and demonstrated skill at, the following computer applications: Spreadsheet (Excel preferred), and E-mail.
• Knowledge of Merchant Accounting and Oracle General Ledger preferred.
• Ability to work with and apply mathematical concepts such as fractions, percentages, ratios, and proportions to practical situations to solve problems with little or no supervision.
• Ability to communicate effectively both orally and in writing; presents ideas in a clear, concise, understandable and organized manner.
• Ability to make suggestions based on experience to improve the daily settlement process and monthly reconciliation process.
• Knowledge of Bank’s merchant settlement functions and processes. Expert knowledge in one or more processes.
• Detail oriented with strong organizational skills.
• Ability to maintain focus and positive attitude under pressure.

Who is Merrick Bank? Founded over 20 years ago, Merrick Bank is a FDIC-insured Utah Industrial Loan Bank that originates loans with the benefit of low-cost deposit funding. Merrick Bank had $4.5 billion in assets and $3.1 billion in deposits as of March 31, 2021. Merrick Bank operates four main business lines: Credit Cards, Recreation Lending, Personal Loans and Merchant Acquiring.

Our Valued Employees are provided generous benefits, including:

• Competitive Pay
• Benefits Package -Medical, Dental and Vision (plus much more)
• 401(k) Plan with Company Match
• Short & Long Term Disability
• Group Life and AD&D Insurance
• Paid Vacation, Holidays, and Personal Days
• Employee Events, including Employee Appreciation Day, Holiday Party, etc.
• Tuition Reimbursement Program

Candidates must have unrestricted authority to work in the United States without sponsorship.

If this position is based in our Woodbury, Long Island office or Virtual, please note that ALL the work for this position must be performed outside of the five Boroughs of New York City.

Merrick Bank is an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic. We will conduct a thorough background check for all hires in compliance with applicable law which includes (but may not be limited to) a review of factors including the applicant’s employment/personal references and drug testing.

Job Type: Full-time

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