The primary role of a Settlement Analyst is to settle third-party and intercompany commodity-related trades in a timely and accurate manner. The job description entails actualizing and reconciling volumes ensuring inventory volumes reflected in the Bill Payable accounts match with third-party statements. Essential roles and responsibilities are listed on the Settlement Analyst Resume as – creating invoices, generation of payments, pipelines, truck, and storage volume; generating customer invoices, settling all 3rd party and intercompany transactions, providing accurate details of projected cash flows, providing exceptional internal and external customer service; and providing support in response to internal/external audits and litigation.
Desirable skills include the following – settlement experience, the ability to support change; proven experience in identifying continuous improvement opportunities; good understanding of internal controls, familiarity with settlements processes; and the ability to bring accountabilities to timely completion. An accounting degree is the best option to begin a career in this line.
Summary : More than 8 years in an investment operations role with a background in fixed-income and equities. An outstanding communicator, proficient at building strong working relationships with a wide range of coworkers and clientele.
Skills : Stock Plan Administration, Human Resources, Benefits Administration, Recruiting, Training, Compensation, Management Experience, Payroll Manager.
Description :
Verified incoming bank wires with Incoming Interchange Report.
Confirmed four separate outgoing bank wires for Exxon.
Reported any rejected transactions to Interchange Reject Department for further research.
Notified Citi Settlement Operations of Interchange Reject Department's findings of rejected items.
Reported all manual adjustments and miscellaneous fees to the Citi Settlement Operations Department.
Entered over the pump charges onto the Cash Card Volume Report.
Verified Incoming/Outgoing Interchange Reports and email to Treasury Department for wire transfers.
Experience
7-10 Years
Level
Management
Education
Diploma
Settlement Analyst Resume
Headline : Seeking a Settlement Analyst position with an outstanding career opportunity that will offer a rewarding work environment along with a winning team that will fully utilize management skills.
Skills : Accounting & Finance, MS Office.
Description :
Generated and ensured accurate and timely payment of third-party and intercompany vendor invoices (Bulk-Pipeline, Vessel, Truck, etc.) for goods receipt on behalf of IST-Oil America and in compliance with policies and procedures.
Performed a full review and verification of the transaction's volume and pricing including reviewing the contract, move tickets, and formula pricing verification via Paws (Petroleum Analysis Work Station) system prior to invoice creation.
Wrote up accrual entries for current month movements that were not processed in the system for that month.
Resolved problems and identified changes to prevent them from happening repeatedly.
Communicated account balances and reconciled items o team lead.
Provided metric data as needed.
Processed ATSC (Arco Terminal Services Cooperation) throughput and gain/loss invoices.
Experience
5-7 Years
Level
Executive
Education
BS In Business Administration
Settlement Analyst Resume
Summary : As a Settlement Analyst, Responsible for utilizing RUP methodology to create Protocols and Business Requirements for Nodal Project Created Use Cases, Test Cases, and Test Scripts, Analyzing accounting transactions for energy trading and scheduling Settlement of third-party power purchases, sales, and point-to-point transmission.
Skills : SAP, Microsoft Office, Port & Shipping Agency.
Description :
Prepared daily reports and monthly invoices for Throughput customers.
Prepared payments for AirBP vendors, send out remittance details, and update the DataBase.
Prepared payments for Atlas Freight and send out remittance details.
Verified and released outgoing payments from the ADB, OtherSettlementsInventory Team, and Miscellaneous invoices via SAP pay key and FBV0.
Managed the ADB for FVC items.
Prepared monthly accruals.
Updated the GDS system.
Experience
10+ Years
Level
Senior
Education
BS In Accountancy
Settlement Analyst Resume
Summary : An exceptionally detail-oriented and adaptable analyst with 8 years of progressive experience that includes finance, settlements, operations, planning, sales, negotiations, supervising, and mentoring. Seeking a position that will utilize education and professional background, expand knowledge, and provide opportunities for personal and professional growth.
Skills : Excel, Analysis, Microsoft Office, Autocad.
Description :
Reconciled invoices daily to sales posted.
Responsible for bank deposits and recording of cash receipts.
Prepared indices for permanent audit work paper volumes.
Reconciled and updated inventory volumes, daily.
Worked to resolve volume discrepancies.
Generated customer invoices and supporting documentation.
Settled all third-party transactions per contractual terms.
Experience
10+ Years
Level
Senior
Education
BS
Settlement Analyst Resume
Headline : Mortgage professional with over a decade of experience and knowledge in the mortgage industry, specifically bankruptcies, and foreclosures. An effective communicator, capable of fostering confidence, respect, and loyalty throughout the organization, ultimately providing a positive and invigorating work environment.
Skills : Analyst, Accounting.
Description :
Liaised with counterparties should any discrepancies occur; provide thorough explanations and seek resolutions to the discrepancies.
Timely and accurately reconciled and closed inventory at month-end.
Developed and maintained strong working relationships with internal and external counterparties.
Assisted in the development and maintenance of department-wide plans, goals, and deadlines.
Completed general accounting functions including research, report/spreadsheet preparation, and analysis.
Completed various month-end close tasks including calculation and preparation of journal entries and balance sheet account reconciliations.
Prepared and analyzed accounting data by processing and interpreting accounts such as general ledgers and sub-ledgers.
Experience
5-7 Years
Level
Executive
Education
B.S. In Business
Settlement Analyst Resume
Headline : Looking to obtain a challenging Settlement Analyst position that will utilize skills and experience while offering an opportunity for additional growth.
Skills : Proficient in SAP, Word, PowerPoint, Excel and Outlook.
Description :
Worked closely with the Finance Manager to ensure Accounts Receivables reports were up to date and to reduce the instances and amounts of chargebacks the location received based on incomplete paperwork.
Reconciled invoices daily to sales posted Reduced unauthorized chargebacks by customers by $100k per month to less than $1k per month.
Responsible for bank deposits and recording of cash receipts Lean Six Sigma - Kaizen Leader Women's Inclusion Network (WINs) Representative for the Northeast Region - Promoting a culture of inclusion within the company.
Worked directly with the HSE Manager to promote and ensure a safe work environment.
Developed safe processes and train on their effectiveness.
Employed Insight Culture Committee Leader - Committee of Management to drive positive change in the facility while maintaining a positive workforce.
Prepared financial book schedules.
Experience
5-7 Years
Level
Executive
Education
BS
Settlement Analyst Resume
Objective : Experienced, dedicated, and hard-working professional, utilizing extensive administrative experience with high initiative and excellent organization and communication skills in a corporate office environment.
Skills : MS Office, Analyst.
Description :
Assisted team with daily settlement reconciliation.
Released ACH and Bankwire payments through platform-specific funding procedures.
Communicated with internal and external clients (both domestically and internationally) regarding operational processes and client inquiries ensuring all service level agreements are met or exceeded.
Reviewed and analyzed all facets of daily processing to ensure settlement, funding, and associated rejects are processed accurately, timely, and in accordance with FDC Standards and Policies.
Daily operational responsibilities include process failure/issue identification, escalation through trouble reporting, and/or to senior management, and investigation necessary for a resolution to mitigate client impact, risk, and operational losses.
Analyzed and evaluated current operational systems and procedures to continually improve and enhance efficiency.
Communicated potential changes to management for approval.
Experience
2-5 Years
Level
Junior
Education
B.S. In Business
Settlement Analyst Resume
Headline : Proven expertise interacting with all levels of an organization, handling multiple tasks simultaneously, coordinating all aspects of general administration, accepting responsibility, and maintaining confidentiality.
Skills : Microsoft Office Suite, Leadership, Training, And Development.
Description :
Documented daily settlement & journal entries Completed weekly MISO power invoicing and monthly MISO transmission invoicing Tracked compliance.
Handled order entry of oil deals and process payments by netting monthly traded transactions Established positive relationships with Traders.
Reconciled, verified, and validated credit card transactions.
Researched causes of discrepancies and prepared discrepancies items to another research department as necessary.
Learned various settlements within the department and served as the backup for other team members.
Oversaw processing of all daily files and ensured adequate staffing according to work volumes Balancing of the daily ACH Return files back.
Executed and monitored changes during implementation.
Experience
5-7 Years
Level
Junior
Education
B.S. in Business
Settlement Analyst Resume
Headline : Settlement Analyst is responsible for the settlement of customer accounts and resolving customer complaints. The Settlement Analyst will review customer account transactions, notes, and correspondence to ensure proper documentation is in place.
Skills : Training Skills, Documentation Skills.
Description :
Monitored customer payment status to ensure timely receipt of delinquent accounts.
Collected payments from an average of 10 payable.
Provided invoice and supporting documentation as necessary in response to internal/external audits and litigation.
Oversaw document verification and cash renewal advance for new and loyal customers.
Initiated and led a project designed to reduce redundancies and improve data entry processes.
Provided trade confirmation, reconciliation, and settlement support for equity and fixed income.
Communicated with brokers, custodians, sub-custodians.
Experience
5-7 Years
Level
Executive
Education
B.S. in Business
Settlement Analyst Resume
Objective : Settlement Analyst is responsible for working with the sales teams to define and refine settlement terms. This includes defining and negotiating settlement terms, monitoring settlements, and conducting a thorough analysis of settlement terms to ensure that these are in alignment with the company's vision.
Skills : Microsoft Office Suite, Leadership, Training And Development, Problem Solving, Customer Service, Team Building, Team Management, Supervisor.
Description :
Promoted a healthy lifestyle for all employees while at work and at home.
Prepared monthly ancillary metrics.
Worked with different entities to resolve issues.
Sent daily cash forecasts to the treasury.
Processed and Transferred RINS (Renewable Identification Numbers) to the EPA via RFS (Renewable Fuel Standard) System.
Researched any out-of-balance items on the daily Chargeback Inventory Summary Report.
Researched any cash differences on Incoming/Outgoing Interchange Reports and send reports to Citi Settlement Operations.
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