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 Card Works Financial Group, Merrick Bank serves roughly five million card members and more than 100,000 merchant customers nationwide.

What we doWe provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsor ships 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  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 time frames

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…