Hybrid Merchant Acquiring Settlement & Reconciliation Manager bei THREAD BANK

Description

Who We Are

Thread Bank is a digital-first financial technology community bank that aims to enhance customer 

engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a 

mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps 

business technology platforms provide secure banking experiences. We also partner with other banks, 

credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values 

innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly 

culture.

What We Are Looking For

We are looking for people who thrive in a fast-paced, growth environment while remaining within 

regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, 

cutting edge, fintech startup within the stable and profitable banking industry. This is an 

excellent opportunity for a professional looking to advance their career as the company grows.

What you'll do

•  Design and implement the settlement processing workflow for daily acquiring transactions, 

including interchange, chargebacks, and fees.

•  Coordinate with card networks (Visa, Mastercard, etc.), processors, and core banking teams to 

establish proper fund flows and settlement timelines.

•  Develop settlement file specifications, data ingestion, and reconciliation logic from multiple 

sources (acquirer, network, processor, bank ledger).

•  Oversee daily reconciliation of acquiring funds (gross and net), ensuring accurate crediting to 

merchant accounts.

•  Investigate and resolve settlement discrepancies in coordination with internal teams 

and third-party processors.

•  Monitor exception reports, unapplied entries, and aging items with appropriate escalation and 

resolution tracking.

•  Ensure proper accounting treatment of acquiring transactions in coordination with Finance and 

Accounting.

•  Own operational metrics related to settlement accuracy, timing, and reconciliation 

exceptions.

•  Support internal and external audits related to settlement and reconciliation controls.

•  Act as the primary operational liaison with acquiring processors, network partners, and product 

teams.

•  Contribute to the roadmap for system automation, process scalability, and enhanced reporting 

capabilities.

•  Train and develop team members as the settlement volume and complexity increases.

Qualifications

•  Bachelor’s degree in Finance, Accounting, Economics, Business, or related field.

•  5+ years of experience in payments, card acquiring, treasury operations, or financial 

reconciliation.

•  Deep understanding of merchant acquiring flows, settlement cycles, and interchange structures 

(Visa, Mastercard, Amex, etc.).

•  Strong analytical and data skills; proficient in Excel, SQL, and reconciliation tools.

•  Experience working with payment processors, core banking systems, or financial operations 

platforms.

•  Proven ability to work independently and build new processes from the ground up.

•  Prior experience at a bank, fintech, processor, or acquirer launching a new payments 

product.

•  Familiarity with NACHA, ISO 8583, and settlement file formats.

•  Understanding of regulatory requirements in transaction processing (e.g., Reg E, GLBA, 

etc.).

Employee must be able to perform essential functions of the position and, if requested, Thread Bank 

will make reasonable accommodations to enable employees with disabilities to perform the essential 

functions of their job, absent undue hardship, in accordance with the ADA.

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of 

race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or 

mental disability, national origin, veteran status or any other basis covered by appropriate law. 

All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Thread Bank permission to email, call, or text you using 

the contact details provided. We will only contact you with job-related information.