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.
Objective : Motivated analyst with two years of experience in settlement processes, adept at analyzing financial transactions and ensuring accurate account reconciliations. Proven ability to collaborate effectively with cross-functional teams and manage settlement activities. Committed to optimizing operations and enhancing reporting accuracy to support organizational goals.
Verified incoming bank wires against transaction reports to ensure accuracy.
Processed outgoing bank wires, ensuring compliance with company protocols.
Communicated with the Interchange Reject Department to resolve transaction discrepancies.
Documented manual adjustments and fees accurately for financial reporting.
Maintained detailed records of pump charges for reconciliation purposes.
Coordinated with the Treasury Department for timely wire transfers.
Assisted in training new staff on settlement processes and procedures.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Junior Settlement Analyst Resume
Objective : Analytical professional with two years of hands-on experience in settlement processes, specializing in financial transaction analysis and account reconciliation. Skilled in collaborating with teams to enhance operational efficiency and ensure compliance with industry standards. Eager to leverage my expertise in financial analysis to contribute to a dynamic team focused on achieving accurate and timely settlements.
Generated and ensured accurate and timely payment of third-party and intercompany vendor invoices for goods receipt, adhering to compliance protocols.
Conducted thorough reviews of transaction volumes and pricing, ensuring accuracy prior to invoice creation.
Executed accrual entries for current month movements, enhancing financial reporting accuracy.
Identified recurring issues and proposed solutions to mitigate future discrepancies.
Communicated account balances and reconciled items effectively with the team lead.
Provided key metric data to support organizational decision-making.
Processed throughput and gain/loss invoices for Arco Terminal Services, ensuring timely settlements.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Analyst Resume
Objective : Dynamic analyst with two years of experience in settlement operations, skilled in processing financial transactions and ensuring accurate reconciliations. Proficient in collaborating with diverse teams to enhance settlement efficiency and compliance. Passionate about driving operational improvements and delivering timely, precise reporting to support business objectives.
Skills : Sap Financial Systems, Microsoft Excel And Access, Software Proficiency, Critical Thinking, Data Visualization
Description :
Generated daily reports and monthly invoices for throughput customers, ensuring accuracy and timeliness.
Processed vendor payments and provided detailed remittance information to enhance vendor relationships.
Verified and approved outgoing payments via SAP, ensuring compliance with financial policies.
Managed financial data for FVC items to maintain accurate records.
Updated the GDS system for improved transaction tracking.
Conducted regular audits of settlement processes to identify areas for improvement.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Senior Settlement Analyst Resume
Headline : With over 7 years of extensive experience in settlement analysis, I excel in managing complex financial transactions and ensuring precise reconciliations. My expertise in cross-functional collaboration and operational optimization drives efficiency and accuracy in settlement processes. I am eager to leverage my analytical skills to contribute to a high-performing team focused on achieving strategic financial objectives.
Skills : Advanced Excel Skills, Proficient In Microsoft Office Suite, Communication Skills, Financial Reporting, Risk Assessment
Description :
Developed comprehensive indices for audit documentation, enhancing accessibility and accuracy.
Executed daily reconciliations of inventory volumes, improving accuracy by 30%.
Successfully resolved discrepancies, reducing errors by 25% through detailed analysis.
Streamlined the invoicing process, resulting in a 20% reduction in processing time.
Achieved 100% compliance in settling transactions according to contractual agreements.
Analyzed financial data to identify trends and improve settlement processes.
Collaborated with cross-functional teams to enhance operational efficiency and reporting accuracy.
Experience
5-7 Years
Level
Senior
Education
B.S. Finance
Settlement Analyst Resume
Objective : Dedicated Settlement Analyst with two years of experience in financial reconciliation and transaction analysis. Demonstrated expertise in resolving discrepancies and enhancing operational workflows. Proven track record of fostering collaboration among teams to ensure timely and accurate settlements while supporting organizational financial objectives.
Liaised with counterparties to resolve discrepancies, ensuring accurate financial reporting.
Reconciled accounts and closed inventory at month-end with precision and timeliness.
Built strong relationships with internal and external stakeholders to facilitate smooth settlement processes.
Assisted in developing departmental goals and ensuring compliance with deadlines.
Performed accounting functions including data preparation and financial analysis.
Executed month-end close tasks, including journal entries and account reconciliations.
Analyzed financial data by interpreting general ledgers and sub-ledgers for accuracy.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Analyst Consultant Resume
Objective : Accomplished Settlement Analyst with 5 years of experience in financial transaction processing and account reconciliation. Expertise in optimizing settlement operations and enhancing reporting accuracy. Proven track record of collaborating with cross-functional teams to drive efficiencies and ensure compliance. Passionate about leveraging analytical skills to achieve timely and precise financial settlements.
Skills : Expert In Sap And Financial Systems, Advanced Word Processing Skills, Effective Presentation Development, Regulatory Compliance
Description :
Collaborated with the Finance Manager to maintain accurate Accounts Receivables reports, minimizing chargebacks due to incomplete documentation.
Executed daily invoice reconciliations, achieving a reduction in unauthorized chargebacks from $100K to under $1K monthly.
Managed bank deposits and cash receipt recording, ensuring compliance with financial policies.
Promoted a safe work environment by working closely with the HSE Manager and implementing safety protocols.
Developed and trained staff on effective processes, enhancing operational workflows.
Served as a leader in the Insight Culture Committee, advocating for positive organizational change and workforce engagement.
Prepared comprehensive financial book schedules for management review, ensuring timely reporting.
Experience
2-5 Years
Level
Consultant
Education
B.S. Finance
Settlement Analyst Resume
Objective : Detail-oriented Settlement Analyst with two years of experience in financial transaction processing and reconciliation. Proven ability to analyze discrepancies, enhance operational workflows, and collaborate effectively with diverse teams to ensure accurate and timely settlements. Committed to utilizing analytical skills to optimize settlement processes and support organizational objectives.
Assisted team with daily settlement reconciliation, improving accuracy and efficiency.
Analyze and reconcile financial transactions to ensure accurate settlement processes.
Prepare and review settlement reports for discrepancies and compliance.
Reviewed and analyzed daily processing to ensure settlement accuracy in accordance with FDC Standards and Policies.
Identified and escalated processing failures to senior management for timely resolution.
Evaluated operational systems to enhance efficiency and recommend improvements.
Presented potential operational changes to management for approval and implementation.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Analyst Manager Resume
Summary : Results-oriented Settlement Analyst Manager with over 10 years of experience in managing settlement processes and enhancing operational efficiencies. Expertise in financial transaction analysis, account reconciliation, and cross-functional collaboration that drives timely and accurate settlements. Committed to utilizing analytical skills to optimize processes and support strategic objectives.
Skills : Settlement Processing, Leadership And Team Development, Database Management, Risk Mitigation, Team Collaboration
Description :
Managed daily settlement and journal entries, ensuring accuracy and compliance with financial regulations.
Oversaw order entry and payment processing for oil trades, establishing strong relationships with traders.
Conducted thorough reconciliations of credit card transactions, identifying discrepancies and implementing solutions.
Investigated discrepancies, documenting findings for resolution and improving processes.
Trained team members on settlement processes, serving as a backup for key roles within the department.
Coordinated daily processing of files, optimizing staffing based on workload demands.
Executed changes in settlement processes during system implementations, ensuring minimal disruption.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Settlement Analyst Resume
Objective : Results-driven Settlement Analyst with two years of experience in managing financial transactions and ensuring precise reconciliations. Adept at analyzing data to identify discrepancies and optimize settlement processes. Committed to enhancing operational efficiency and contributing to accurate, timely reporting to achieve organizational objectives.
Monitored payment statuses to ensure timely receipt of outstanding accounts.
Collected payments from an average of 10 clients, ensuring accuracy and compliance.
Provided necessary documentation for audits and legal inquiries.
Oversaw document verification and cash renewal for customer accounts.
Initiated a project to reduce redundancies in data entry processes, enhancing efficiency.
Supported trade confirmation and settlement processes for equity and fixed income.
Communicated effectively with brokers and custodians to resolve discrepancies.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Analyst Resume
Objective : Results-focused Settlement Analyst with two years of experience in financial transaction analysis and reconciliation. Proficient in identifying discrepancies, enhancing operational workflows, and collaborating with cross-functional teams to ensure timely settlements. Aiming to leverage analytical skills to improve efficiency and accuracy in settlement processes while supporting organizational goals.
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