Merchant Treasury Manager

Job Highlights

Title: Merchant Treasury Manager

Type: Full Time

Experience: 5-8 Years

Function: Accounting

Location: Salt Lake City, UT, United States

Company: Celtic Bank

Celtic Bank provides tailored financial solutions, including business loans, personal loans, savings accounts, and merchant services, prioritizing reliability and customer support.

The bank is hiring a Merchant Treasury Manager who will lead all treasury and settlement activities supporting the Fintech Solutions team
.

Responsible for managing merchant cash flows, overseeing settlement accounting and reconciliation across multiple card networks, administering partner reserves, and proactively monitoring financial risk on partner accounts.

• Bachelor’s Degree in Finance, Accounting, Economics, or related field (CPA, CFA, or Treasury certification preferred)

• 5-8 years of experience in treasury, settlement accounting, payments, or financial operations.
• Direct experience handling settlements with card networks and payment processors (strongly preferred)
• Experience building settlement processes in a scaling or newly established payments environment (highly desirable)

Treasury Management-

• Develop short- and long-term cash forecasts aligned with transaction volumes and growth projections.
• Establish and maintain treasury controls to safeguard merchant and company funds.
• Manage daily cash positioning, liquidity planning, and forecasting to ensure sufficient funding for merchant settlements and operational needs.
• Optimize working capital and recommend funding strategies as network relationships expand.
• Oversee bank accounts, payment flows, and treasury controls related to merchant and partner funds.
• Partner with Finance leadership on reporting, analysis, and treasury strategy.

Settlement Accounting/Network Reconciliation-

• Collaborate cross-functionally with Operations, Product, and external network partners to streamline settlement processes.
• Ensure accurate and timely reconciliation between internal systems and network reports.
• Lead the end-to-end settlement process with all card networks established for the Fintech Solutions team.
• Maintain clear audit trails and ensure compliance with accounting standards and regulatory requirements.

Partner Reserve Management-

• Communicate reserve positions and changes effectively to internal stakeholders and partners.
• Conduct periodic reviews and adjustments of reserve requirements based on partner performance and risk profile.
• Design, implement, and manage reserve methodologies in line with risk exposure and contractual terms.
• Ensure accurate accounting and reporting of all reserve-related transactions.
• Monitor reserve balances to ensure adequate coverage for chargebacks, refunds, and potential losses.

Risk Monitoring on Partner Accounts-

• Develop dashboards and reporting frameworks to track exposure, concentration risk, and loss trends.
• Identify emerging risk trends and elevate concerns to Risk and senior management as needed.
• Monitor financial and transactional risk indicators across partner accounts.
• Support the development of mitigation strategies, including reserve adjustments and funding holds.
• Work closely with Risk, Compliance, and Legal teams to ensure adherence to regulatory and contractual obligations.
• Perform other duties as assigned.

• Excellent attention to detail and ability to operate in a controlled, compliance-driven environment.
• Strong analytical mindset with the ability to manage large volumes of transactional data.
• Strong understanding of payment flows, interchange, network fees, chargebacks, and reconciliation processes.

• Frequently stands, walks, and uses hands for typing and handling documents.
• Moves between work sites and within the office as needed.
• Occasionally exerts up to 10 pounds of force to lift or move objects.
• Regularly talks, hears, reads, writes, and understands English.

• 401(k) with employer match
• Holidays and paid time off requests
• HSA and FSA plans
• Life and long-term disability coverage
• Medical, dental, vision

Celtic Bank is an Equal Opportunity Employer.