A Settlement Specialist works on the settlement case from the point of settlement through closing. The job description focuses on resolving payments, collecting funds, and preparing funds for disbursement through the accounting department. A well-drafted Settlement Specialist Resume mentions the following core duties – case management while working to finalize personal injury settlements, communicating with medical providers, collection officers, and subrogation offices; acting as a liaison between the personal injury paralegals/attorneys and the accounting department to expedite the settlement process; preparation of settlement distribution and allocations, and managing tight deadlines.
Employers seek candidates with the following skills and abilities – strong writing and communication skills with attention to detail; the ability to handle competing deadlines in a fast-paced environment, excellent math skills, excellent empathetic communication skills, and accounting expertise. A degree in the field of accounting, finance, or economics is considered the best option to enter this field.
Objective : Dynamic and detail-oriented Settlement Specialist with two years of experience in financial reconciliations and customer service. Proven ability to manage settlements efficiently while ensuring compliance with industry standards. Eager to leverage strong analytical skills and knowledge of transaction processes to contribute to a high-performing team.
Executed daily reconciliation of bank settlements, ensuring accuracy and compliance.
Addressed customer financial inquiries, providing clear and timely responses.
Operated sorting machines for efficient processing of incoming checks, identifying exceptions.
Trained team members to serve as backups, enhancing operational continuity.
Identified and reported discrepancies in accounts, leading to corrective actions.
Supported management in supervising departmental operations and workflows.
Investigated teller discrepancies and prepared reports for review.
Experience
0-2 Years
Level
Junior
Education
ASBA
Senior Settlement Specialist Resume
Headline : Accomplished Senior Settlement Specialist with over 7 years of extensive experience in financial settlements and reconciliations. Expertise in optimizing transaction processes and ensuring compliance with regulatory standards. Committed to delivering precise and efficient solutions that enhance operational performance and client satisfaction.
Skills : Transaction Reconciliation, Client Relationship Management, Quality Assurance And Control, Issue Resolution And Problem Solving, Risk Assessment
Description :
Resolved complex settlement issues by collaborating with cross-functional teams, ensuring timely completion.
Managed daily reconciliation of multiple general ledger accounts, enhancing accuracy and compliance.
Coordinated with Fee Billing to balance invoices and communicate discrepancies to stakeholders.
Oversaw all Reg-E Pin Debit Chargeback processes, ensuring adherence to regulatory requirements.
Prepared and provided documentation for audits, addressing inquiries effectively and efficiently.
Enhanced internal reporting processes, creating dashboards to track settlement operations.
Led initiatives to streamline operations, resulting in improved turnaround times for settlements.
Experience
5-7 Years
Level
Senior
Education
B.S. Finance
Settlement Specialist Resume
Objective : Accomplished Settlement Specialist with two years of hands-on experience in financial reconciliations and settlement processes. Adept at ensuring compliance and enhancing operational efficiency through detailed analysis and effective communication. Passionate about contributing to a dynamic team and driving successful outcomes in settlement management.
Managed attorney payment communications and tracked outstanding balances effectively.
Conducted weekly visits to various attorney offices to ensure timely payments.
Collaborated daily with attorneys, office staff, and medical professionals to resolve inquiries.
Introduced process improvements that enhanced workflow efficiency and productivity.
Assisted management in maintaining accurate medical records per regulatory guidelines.
Produced weekly financial reports for senior management across multiple offices.
Generated ad-hoc reports based on operational needs to support decision-making.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Junior Settlement Specialist Resume
Objective : With two years of specialized experience in settlement processes and financial reconciliations, I excel in ensuring compliance and accuracy in transactions. My analytical skills and proactive communication foster strong relationships with clients and stakeholders, driving timely resolutions and enhancing operational efficiency within the settlement team.
Facilitated community engagement initiatives to enhance the bank's public image.
Maintained procedural documentation and provided training for new team members.
Acted as a liaison between legal teams and clients during settlement negotiations.
Drafted and organized settlement proposals using company software and Microsoft Office tools.
Conducted thorough investigations into fraudulent claims, recommending case discontinuances.
Developed and nurtured relationships with clients and insurance representatives for seamless case closures.
Created user-friendly templates in Excel to streamline office and court documentation.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Specialist Resume
Objective : Results-oriented Settlement Specialist with two years of experience in executing financial reconciliations and managing settlement processes. Demonstrated expertise in maintaining compliance with industry regulations and optimizing transaction accuracy. Ready to apply analytical abilities and strong communication skills to enhance team performance and drive successful settlement outcomes.
Skills : Advanced Ms Office Proficiency, Training And Development Skills, Payment Processing, Dispute Resolution, Technical Proficiency
Description :
Reconciled adjustments to deposits from City bank check deposits, ensuring accuracy and compliance.
Matched Fed and other bank check deposits with records, maintaining balance integrity.
Progressed from entry-level roles to the Settlement Desk, mastering essential systems for daily operations.
Executed necessary adjustments to Federal Check deposits, ensuring timely processing.
Created a training manual to onboard new employees, enhancing team performance.
Provided one-on-one training for legal assistants and attorneys on MS Office applications.
Developed reporting metrics to streamline reconciliation processes and improve accuracy.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Specialist Analyst Resume
Objective : Dedicated Settlement Specialist Analyst with two years of experience in managing financial transactions and ensuring compliance with regulatory standards. Skilled in analyzing discrepancies and fostering relationships with clients to drive effective resolution. Passionate about utilizing my analytical capabilities to enhance settlement processes and contribute to a collaborative team environment.
Skills : Proficient In Microsoft Excel, Analytical Problem Solving, Legal Compliance, Analytical Thinking
Description :
Created client files and utilized Title Express software for efficient management.
Disbursed settlements and printed checks from closing, ensuring compliance with regulations.
Conducted thorough research using SDAT and Maryland tax collectors' websites for accurate property information.
Utilized MD Land Records to investigate prior deeds and lien releases, ensuring clarity in transactions.
Demonstrated multitasking abilities in a fast-paced environment while maintaining high accuracy.
Maintained attention to detail during review of lender packages to ensure compliance.
Analyzed and resolved loan data discrepancies, collaborating with teams to enhance operational workflows.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Specialist Resume
Objective : Results-focused Settlement Specialist with two years of experience in financial reconciliation and settlement management. Demonstrated ability to ensure compliance and accuracy in transactions while enhancing operational efficiency. Eager to apply analytical skills and a strong understanding of financial processes to support a dynamic team and drive successful outcomes.
Interpreted complex regulations related to financial settlements, ensuring adherence to compliance standards.
Conducted detailed analysis of loan modification applications, updating system records to reflect accurate outcomes.
Verified documentation accuracy, preparing loan-related materials for audit reviews.
Implemented Loss Mitigation Policies, effectively reducing the risk of foreclosure.
Restructured loans in compliance with original conditions, optimizing asset recovery.
Calculated remedy amounts and identified discrepancies in investor agreements to ensure compliance.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Specialist Consultant Resume
Objective : Accomplished Settlement Specialist Consultant with 5 years of experience in managing complex financial settlements and reconciliations. Adept at ensuring compliance with industry regulations while optimizing transaction processes. Committed to leveraging analytical expertise and effective communication to enhance operational efficiency and drive successful outcomes.
Conducted thorough reviews of settlement documents to ensure accuracy and compliance with regulatory standards.
Managed the processing of checks and supporting documentation for realty and insurance companies.
Executed quality assurance checks on closing documents and facilitated timely filings.
Provided clients with tracking information and updates on settlement statuses.
Oversaw the issuance of stop payments and void checks as necessary to ensure accurate financial transactions.
Acted as a liaison between clients and internal teams to resolve discrepancies efficiently.
Maintained meticulous records and logs to support settlement operations and reporting.
Experience
2-5 Years
Level
Consultant
Education
B.S. Finance
Settlement Specialist Resume
Objective : Analytical Settlement Specialist with two years of experience in managing financial transactions and ensuring compliance. Skilled in executing accurate settlements and fostering strong client relationships. Committed to enhancing operational efficiency through meticulous attention to detail and effective communication, ready to contribute to a results-driven team.
Analyzed and processed high-volume client trade instructions valued at up to $100 million, ensuring timely and accurate settlements at DTCC.
Established and maintained strong relationships with asset managers and brokers to ensure integrity in trade instructions and reconciliation.
Enhanced operational efficiency through meticulous data entry and system utilization, achieving timely processing of transactions.
Created and verified sensitivity metrics reports, ensuring optimal accuracy in financial reporting.
Promoted transaction transparency to mitigate risks and enhance compliance.
Monitored workflows to ensure the successful completion of daily settlement requirements.
Collaborated with compliance and risk management teams to develop multi-process efficiencies.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Settlement Specialist Resume
Objective : Accomplished Settlement Specialist with two years of expertise in managing financial transactions and ensuring compliance with industry regulations. Proficient in conducting detailed reconciliations and optimizing settlement processes to enhance operational efficiency. Looking to leverage analytical skills and commitment to excellence in a collaborative environment.
Skills : Legal Knowledge, Time Management, Billing Reconciliation, Problem Solving, Communication Skills
Description :
Processed adjustments and chargebacks for financial institutions daily, ensuring timely resolution.
Collaborated with internal departments to address and resolve adjustment-related issues.
Created and maintained monthly adjustment billing spreadsheets per departmental procedures.
Organized records, filings, and supporting documentation for compliance audits.
Documented and updated chargeback procedures to enhance operational efficiency.
Monitored issues to ensure timely resolution or appropriate escalation.
Updated billing spreadsheets based on network invoicing and reports to ensure accuracy.
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