Fulton Financial Corp. Merchant Accounting Analyst in Lancaster, Pennsylvania

# of Openings 1 Location Name Corporate Headquarters Category Accounting/Finance OVERVIEW Responsible for administering accounting functions for the Merchant Services line of business including, but not limited to, oversight of Automated Clearing House activity, Wires, Card Association income and expenses, chargebacks and adjustments, and third party billing. Confirms and ensures proper posting of all transactions. Ensures daily, monthly and quarterly settlements and reconcilements of general ledger and Demand Deposit checking accounts are complete, accurate, and balanced within established deadlines according to departmental guidelines, bank policy and government regulations. RESPONSIBILITIES Essential Duties * Drives the accuracy of financial reporting to Controllers and Management for Merchant Services line of business. Reviewing appropriate daily, weekly and monthly merchant reports to retrieve necessary data for reporting income and expenses as required. Validating that all settlement files for all processing platforms are received from the processing vendor daily. Submitting correct general ledger or Demand Deposit Accounts entries with proper documentation to Controllers prior to system entry deadlines. Distribute complete monthly settlement income and expenses allocation for Affiliate banks electronically to designated recipients on or before established reporting deadline. Identifying abnormal fluctuations in settlement files or billing and researching the cause. Meeting monthly and quarterly reporting deadlines. Keeping abreast of changes in general ledger and Demand Deposit Accounts interface changes. Recognizing and resolving discrepancies at the merchant or portfolio level in a timely manner. * Makes recommendations to Manager regarding Policies, Procedures, Workflow, Transactions, Vendor Accounting Issues, Documentation, File Storage and Records Retention, Training. * Monitors and addresses financial activity related to merchant transaction processing. Interfacing with branch employees to resolve outstanding items. Clearing stale items from general ledger accounts as outlined in departmental guidelines and bank policy. Researching and performing allocation and or collection of rejected fees due to non sufficient funds, closed merchant banking deposit account or early termination fees. Ensuring all transactions are properly posted and cleared. * Maintains balanced condition of general ledger and settlement Demand Deposit Accounts for all Affiliate banks. Performing reconcilement of General Ledger and or Affiliate settlement Demand Deposit Accounts. Verifying that cash advances processed by Fulton Financial Corporation affiliate branches clear. Identifying cause of discrepancies or differences and resolving within acceptable timeframe. Reporting any unresolved discrepancies or occurrences to Management. * Facilitates merchant and third party billing. Maintaining record of charges and posting to merchant accounts for services and equipment purchases. Validating that all third party invoices or income is received monthly. Evaluating invoices and posting expense or income to proper Affiliate bank. Alerting management of increasing costs or perceived errors and assisting with securing cost savings or reimbursement from vendors. Pursuing collections from merchant of funds due while maintaining the customer experience and involving Merchant Sales Representative or Branch employee as needed. * Assist with providing information related to Internal Audit review, evaluations and recommendations. * Supports goals and objectives of Accounting. Serving as a resource for inquiries regarding posting of general ledger and Demand Deposit Account entries and reconci