The Settlement Manager is responsible for reconciling cash receipts collected on behalf of our clients to internal reports and external applications. The goal is to ensure the accuracy of cash collection and distribution of client and company funds.
ParkMobile processes millions of transactions weekly, and settlement is an essential function to ensure the accuracy and timeliness of payments to clients and recognition of revenue and expense. The Settlement Manager will create scalable processes and implement new tools to scale the settlement function through automation and process optimization.
Work with cross-functional teams to design, plan, and execute settlement solutions over multiple product types, locations, and clients
Design and implement daily settlement processes to reduce risks of delays, errors or fraud
Work with Finance, Implementations, Account Management, Accounts Payable, and external credit card processors to onboard clients in all relevant systems
Work with internal teams (Client Success, Implementations, Product, Development) to research and correct issues identified during reconciliation
Partner with Data and Reporting Analysts or external providers to create reconciliation reports and tools to improve settlement efficiency and validate cash collection and remittance to clients.
Support the Accounting team for revenue recognition, reporting, and client payments
Own and review relationships and agreements with card networks and processors and analyze rate structure for optimum pricing. Provide necessary reports and support for incentive rebates
Performs daily three-way matching reconciliation for transactions at a client or location level: Internal reporting to external processor reporting to bank deposits. Identifies and resolves discrepancies found.
Completes month-end balance sheet reconciliations and close process for various cash and liability accounts.
Assist with annual audit and other ad hoc assignments and projects as necessary
Who You Are
5+ Years of Experience in Finance/Accounting/Treasury related functions
Payment or other financial services industry background with a thorough understanding of settlement workflows and key risk controls
Experience leading and managing teams and attracting top talent
Ability to design settlement systems and processes for scale
Energetic, results-oriented individual who enjoys working in a fast-paced, collaborative team environment.
Strong communication and analytical skills and driven to provide data solutions
Ability to initiate and lead projects independently, collaborate with internal and external teams to make decisions
Proficient in financial systems and tools, strong Excel skills a must.
Flexibility to work non-standard hours as necessary
Why You’ll Love It Here
Competitive compensation and an extensive benefits package
A comprehensive list of medical, dental, and vision coverage plans for you to pick from
Company-paid short-term disability, long-term disability, and life insurance
401K with a 3-year vesting schedule and up to 4% matching of your elected contribution
11 observed, company-paid holidays
21 vacation days to start and an additional day of PTO at your anniversary date each year (up to 28 days total) – and we expect you to use all of it
Generous paid parental leave, including 4 paid weeks for primary caregivers and 2 paid weeks for secondary caregivers
A light-filled Midtown Atlanta office with both private and collaborative spaces to work, unlimited snacks and beverages, and easy access to MARTA
Company-paid volunteer days to support the community that supports us
Company and team outings because we play just as hard as we work
Employee referral bonuses to encourage the addition of stellar people to the team
Spontaneous nerf-gun wars to wake you up and Thursday happy hours to wind you down
ParkMobile, LLC is the leading provider of smart parking and mobility solutions in North America, helping millions of people easily find, reserve, and pay for parking from their mobile devices. The company’s technology is used in over 3,000 locations across the country, including 7 of the top 10 cities, as well as airports, stadiums, and universities. ParkMobile has been named to the Inc. 5000, Deloitte Fast 500, Entrepreneur360, and Atlanta Business Chronicle’s Pacesetter list. At ParkMobile, we aim to build an inclusive culture where differences are used to inform better creative, strategic, and business decisions. We actively seek diversity of backgrounds, education, beliefs, and ways of thinking. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.