Settlement Accounting Manager

Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real difference every day.

Who we are

Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide.

What we do

We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses.

Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.

Position Summary and Role Impact:

The Settlement Accounting Manager is responsible for the accounting, reconciliation, and reporting of settlement-related activity within the installment lending business, including loan funding, dealer payments, and partner remittances.

This role ensures the accurate and timely recording of high-volume transactions and maintains alignment between operational systems and the general ledger. Responsibilities include ownership of settlement-related accounts, oversight and review of reconciliations, and investigation and resolution of discrepancies.

The position also holds responsibility for the accounting and reconciliation of repossessed asset inventory, including recording activity, maintaining accurate balances, and ensuring alignment between servicing systems and the general ledger.

In addition, the role develops and maintains schedules and analyses related to acquisition costs, origination costs, and dealer participation structures, including level yield calculations, supporting the accuracy and consistency of financial results.

The Settlement Accounting Manager leads a team responsible for settlement accounting activities and ensures transactions and balances are recorded and reconciled accurately and in a timely manner.

Essential Functions:

• Own settlement accounting for installment loan activity, including loan funding, dealer payments, and partner remittances
• Ensure accurate and timely recording of transactions and alignment between operational systems and the general ledger
• Review and approve reconciliations of settlement, clearing, and suspense accounts, ensuring timely resolution of reconciling items in accordance with established policies and control timeframes
• Oversee accounting and reconciliation of repossessed asset inventory, including activity recording and balance accuracy between servicing systems and the general ledger
• Investigate and resolve discrepancies across funding, dealer payments, settlements, and exception items (e.g., returns, and other non-clearing transactions)
• Develop and maintain schedules and analyses, including level yield calculations related to acquisition costs, origination costs, and dealer participation structures
• Establish and maintain effective internal controls over settlement and inventory-related processes, including enforcement of suspense account aging and clearing expectations
• Monitor high-volume transaction flows and identify issues impacting accuracy, completeness, or timeliness
• Lead and develop a team responsible for settlement accounting, including work review, prioritization, and performance management
• Partner with originations, dealer operations, servicing, and systems teams to ensure accurate and consistent transaction processing
• Identify and implement process improvements to enhance efficiency, reduce manual effort, and strengthen controls
• Support audits and ensure compliance with internal control and reporting requirements

Education & Experience Required:

• Associate’s degree in Accounting, Finance, or related field; or equivalent experience in settlement accounting or transaction-based environments 

• Experience with reconciliations, general ledger activity, and high-volume transaction processing
• Experience reviewing account reconciliations, schedules, or supporting analyses
• Demonstrated ability to coordinate workflows, review work, or lead team processes
• Working knowledge of accounting fundamentals, including debits, credits, and account reconciliation
• Experience with financial systems or ERP platforms and strong Excel skill

​Preferred:

• One (1) + year of people management or team lead experience
• Experience in consumer lending, installment lending, or financial services environments
• Experience with dealer-based or indirect lending models
• Familiarity with settlement processes, repossessed asset accounting, and servicing system integrations
• Experience developing analytical schedules, including level yield calculations and cost tracking
• Experience improving reconciliation processes, controls, or operational workflows

Knowledge, Skills and Capabilities:

• Strong accounting foundation with emphasis on reconciliations and transaction accuracy
• Ability to review account activity and resolve discrepancies across multiple systems
• Understanding of settlement processes and transaction flow within lending environments
• Ability to develop and maintain structured schedules and supporting analyses
• Strong attention to detail and accountability for accuracy and completeness
• Effective organizational and prioritization skills in a deadline-driven environment
• Strong communication and cross-functional collaboration skills
• Proven ability to lead, coach, and develop team members
• Process improvement mindset focused on efficiency, control, and scalability

Compliance with Laws & Regulations

• Responsible for complying with all 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.

Work Environment/Physical Demands:

• This position is hybrid, with an expectation of approximately 2–3 days onsite per week, depending on business needs.
• Work is performed in an office environment and requires prolonged periods of sitting and working on a computer.
• Some stress may occur due to deadlines and reporting cycles.
• Travel is generally not required.

Why join us

We believe in putting people first by supporting our customers, employees and our partners while creating opportunities for everyone to reach their potential. From fostering work-life balance to rewarding good work and innovative ideas, we invest in what matters most, our people.

At Merrick Bank, you’ll be part of a collaborative, customer-focused team where you can grow your career while making a meaningful impact.

Our Employee Value Proposition

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program 
• Benefits Package -Medical, Dental, and Vision (plus much more) 
• 401(k) Plan with Company Match 
• Short- & Long-Term Disability 
• Wellness Programs 
• Group Life and AD&D Insurance 
• Paid Vacation, Sick Days and bank Holidays 
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite.  Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.

We are proud to be an equal opportunity employer. All qualified applicants will receive consideration without regard to age, race, color, sex, or gender identity/expression (including pregnancy, childbirth, transgender status, or sexual orientation), religion or creed, ancestry, citizenship, national origin, disability, military or veteran status, marital status, genetic information, or any other characteristic protected by applicable law.

We do not tolerate discrimination, harassment, or retaliation. Employment decisions are based solely on qualifications, merit, and business needs. Everyone is welcome here, and we hire based on your ability to do the job, not any protected characteristics.

If you need help or reasonable accommodation during the application or hiring process, please let your TA Partner know.