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Disbursement Analyst

Associa
Posted a day ago, valid for 17 days
Location

Richardson, TX, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The position involves executing end-to-end payment processing, ensuring accuracy and compliance for both domestic and international transactions.
  • Candidates are required to have a minimum of 3 years of experience in a payment processing environment, with knowledge of ACH processing systems and NACHA operating rules.
  • The role includes responsibilities such as balancing general disbursements, investigating payment exceptions, and maintaining communication with IT for failed transactions.
  • A High School education is required, and proficiency in Microsoft Office Suite, particularly advanced Excel skills, is essential.
  • The salary for this position is competitive, reflecting the candidate's experience and expertise in payment processing.
  • Execute end-to-end payment processing for payments, ensuring accuracy, compliance, and timely settlement across domestic and international transactions.
  • Balance, validate, print, and distribute general disbursements for the enterprise.
  • Request and verify check stop payment and void requests from all operating units with banking institutions.
  • Prepare, validate, and transmit check disbursements with required approval controls.
  • Investigate and resolve payment exceptions, rejects, and returns, including stop payments and stale or altered checks.
  • Serve as a point of contact for payment inquiries.
  • Maintain communication with IT to investigate and review failed transactions related to the financial system.
  • Respond to internal and external requests regarding check status and check copy requests.
  • Perform testing of check printing software when updates or changes are made to the system.
  • Issue required correspondence to payees regarding unclaimed property.
  • Extract information regarding outstanding checks for unclaimed property reporting.
  • Ensure adherence to NACHA requirements.
  • Monitor transactions for fraud and escalate concerns.
  • Collaborate with internal teams, including Finance and Treasury.
  • Monitor deadlines to avoid financial loss.
  • Support automation initiatives.
  • Maintain SOPs and process documentation.
  • Support annual 1099 forms as well as unclaimed property filing and reporting.
  • Work within stated internal KPIs and SLAs.
  • Keep Leadership informed when problems may interfere with work being completed on time.
  • Assist Leadership with reporting of current metrics that add value to the organization as well as ad-hoc reporting to management.
  • Perform any other job responsibilities as required at the Company’s discretion.
Qualifications

Preferred Skills

  • Candidate should be a team player and demonstrate the required aptitude and attitude toward work and the team.
  • Candidate should be customer-centric and committed to delivering the best to customers and the business.
  • Must possess analytical and problem-solving skills, business acumen, leadership skills, oral and written communication skills, and excellent interpersonal skills.
  • Experience managing and optimizing AP payment processing through solutions such as AvidXchange.
  • Highly innovative individual and out-of-the-box thinker, able to work in a dynamic, fast-paced, collaborative environment.
  • Excellent written and oral communication skills, as well as interpersonal skills to maintain professional and effective relationships with coworkers.
  • Proactive, results-oriented, sense of urgency, high level of energy, enthusiasm, and passion.
  • Ability to multitask, willingness to learn new skills, and ability to adapt to an ever-changing environment.
  • Ability to work with minimal supervision, with a high degree of accuracy and strong attention to detail.
  • Ability to work seamlessly with remote colleagues at other office locations is critical.

Qualifications and Education Requirements

  • Education level required: High School.
  • Minimum experience required: 3+ years in a payment processing environment.
  • Experience with ACH processing systems.
  • Strong knowledge of NACHA operating rules and the ACH network.
  • Financial ERP System D365 and AI software such as VIC.AI preferred.
  • Strong investigative aptitude with a commitment to quality and comfort working in a fast-paced environment.
  • Must be a self-starter who can work well in various situations, from well-defined to unstructured.
  • Experience with Microsoft Office Suite, including advanced Excel skills (VLOOKUP, pivot tables, formulas, etc.).
  • Must be a self-starter who can work well within various situations, from well-defined to unstructured.



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