Settlement Specialist

Title: Settlement Specialist

Location: Denver, CO

Rate $25-$30 per hour


Job Description

The Settlement Specialist is responsible for reconciling accounts, process adjustments, charge-backs, assists with monthly invoicing, as well as track financial trends and forecasting.


  • Experience in Accounting, billing, reconciliation
  • Strong MS Excel sills


  • Accounting degree.
  • Preferred Excel experience: Pivot Tables and V look-ups.
  • EFT, audit and reviewing legal agreements.


  • Recommends changes in methods or procedures to improve process efficiency.
  • Monitors all issues to ensure resolution and/or escalation to appropriate party for resolution.


  • Reconciles all settlement accounts on a daily basis.
  • Balances bank statements daily, resolving any returns and out of balance conditions.
  • Researches and resolves issues causing out of balance conditions.
  • Works with Networks and internal departments to resolve settlement related issues.
  • Balances monthly interchange billing. Resolves any interchange billing outages.
  • Maintains and documents settlement procedures.

Adjustments & Chargebacks:

  • Processes adjustments & charge-backs for financial institutions on a daily basis.
  • Remains knowledgeable on all adjustment timeframes, rules, and regulations.
  • Works with Networks and internal departments to resolve adjustment/chargeback related issues.
  • Completes monthly adjustment billing spreadsheet per department procedure.
  • Maintains records, filings and supporting documents.
  • Maintains and documents adjustment/chargeback procedures.


  • Maintains and updates billing spreadsheets based on Network invoicing and billing reports.
  • Reviews legal agreements and sets up recurring templates. Updates renewal pricing and pricing associated with product additions.
  • Prepares contract buyouts.
  • Maintains contract expiration spreadsheet.
  • Proofs and audits monthly invoicing.
  • Maintains and documents billing procedures.

Benefits: Innovar Group provides access to a comprehensive benefit plan that includes a wide range of products for employees to choose from including Medical, Dental, Vision, Short-Term Disability, and Long-Term Disability. In addition, employees will have access to 24/7 Nurses Line, Virtual Visits, Gym Reimbursement Program, and Life Insurance.



Innovar Group is comprised of senior talent agents who deliver top recruitment services to clients throughout the United States. We bring a new era of recruiting to the industry by aligning state-of-the-art technology with outstanding talent. Visit our website at

To provide equal employment and advancement opportunities to all individuals, employment decisions at Innovar Group are based exclusively on merit. Innovar Group does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, including gender identity and identity expression, national origin, age, or any other characteristic protected by law.



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