Director of Accounting, Bank Portfolio Management

Overview:

BM Technologies, Inc. (“BMTX” or the “Company”) is seeking a Director of Accounting, Bank Portfolio Management to oversee banking payment operations, including MasterCard transactions, interchange fees, provision losses, and overdrafts. This position will report directly to the CFO and will be responsible for managing the Portfolio Reconciliation Operations Team, ensuring accurate financial reporting, and compliance with regulatory requirements.

Responsibilities:

• Manage the Portfolio Reconciliation Operations Team, overseeing all general ledger and client (Partner Banks) account reconciliations, and preparing Bank Call Reports.
• Record, process, and analyze financial operations, providing necessary information for management decision-making and regulatory compliance.
• Act as a liaison with Partner Banks on matters related to daily settlements, reconciliations, monthly and quarterly billings
• Partner with stakeholders across the Company to streamline and automate reconciliation operations, identify and implement process improvements.
• Reconcile general ledger, balance sheet, and bank statements, ensuring accuracy and compliance with Bank Secrecy Act.
• Assist in the creation, verification, and transmission of ACH files, performing parallel testing in PeopleSoft.
• Review contract documentation for billing and reporting requirements, and ensure ERP setup for automated invoicing.
• Verify the validity of payment requests, authorize payments, and manage bank documents and accounts.
• Monitor deposit balances, prepare cash flow reports, and organize payment and tax documentation.
• Coordinate the opening and closing of general ledger accounts, and create and manage documentation of processes and procedures.
• Conduct performance appraisals, provide career pathing and training for reconciliation and accounting specialists, and ensure staffing requirements are met.
• Communicate with internal teams and clients to resolve issues, attend meetings and conference calls, and participate in corporate projects and initiatives.
• Identify settlement discrepancies and out-of-balance conditions, recommend opportunities to improve reconciliation processes.

Required Experience/Qualifications:

• Bachelor’s degree in Accounting, Finance, Economics, Mathematics, or equivalent experience.
• CPA required.
• 5 years of experience in finance/accounting and banking operations.
• Background in payments sector
• Intermediate skills in Microsoft Excel.
• Strong written and verbal communication skills, customer service skills.
• Strong knowledge of accounting regulations and industry trends.
• Ability to analyze issues quickly, function in a fast-paced environment, and take appropriate action under tight time constraints.
• Proficiency in accounting software, including PeopleSoft and NetSuite.
• Strong analytical and problem-solving skills.

BMTX is an equal opportunity employer and provides consideration for employment without regard to race, color, religion, national origin, sex/gender, sexual orientation, gender identity, protected veteran status, or disability.

About BM Technologies, Inc. (BMTX):

BM Technologies, Inc. (NYSE: BMTX) is among the largest digital banking platforms in the U.S, providing access to checking and savings accounts, personal loans and credit cards. It began trading on the NYSE American on January 6, 2021 under the ticker symbols “BMTX” and “BMTX.W.” BMTX’s mission is to make banking affordable, effortless, and financially empowering for the millions of Americans who need it the most – the underbanked, millennials and working-class Americans. 

BMTX is the first digital banking platform in the U.S. to offer a completely fee-free banking experience and uses innovative mobile technology to make banking enjoyable and seamless. BMTX is also committed to making each of its customers feel financially empowered through education.

Through constant innovation, its white label/”Banking-as-a-Service” (BaaS) banking distribution model, and putting the customer experience above all else, BMTX is truly disrupting the banking space. Today, the BaaS platform is provided to colleges and universities and currently serves over two million account-holders, and provides disbursement services at 722 campuses (covering one out of every three students in the U.S.). BMTX also offers its Workplace Banking platform, a financial wellness service that offers innovative banking products and a robust banking app. Additionally, BMTX recently announced the execution of an agreement with Google to introduce digital bank accounts, which will be available to its customers, and has also expanded its white-label strategy with T-Mobile for the launch of T-Mobile MONEY.

BM Technologies, Inc. (BMTX) is a technology company and is not a bank and provides banking services through its partner banks. BMTX, Inc. is a wholly owned subsidiary of BM Technologies, Inc. BankMobile accounts are powered by BMTX and provided by Customers Bank. Member FDIC - Equal Housing Lender - All Rights Reserved