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Settlement Associate Jobs in Minnesota (NOW HIRING)

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Settlement Associate information

See Minnesota salary details

$10

$19

$32

How much do settlement associate jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for settlement associate in Minnesota is $19.46, according to ZipRecruiter salary data. Most workers in this role earn between $14.62 and $20.24 per hour, depending on experience, location, and employer.

What is a settlement associate?

Settlement Associates are professionals who handle the processing, reconciliation, and settlement of financial transactions, typically in banking, investment, or real estate sectors. Their responsibilities include ensuring all transactions are accurately recorded, resolving discrepancies, and coordinating with internal and external parties to guarantee timely settlements. They play a crucial role in maintaining the integrity and accuracy of financial operations. Strong attention to detail and knowledge of financial systems are essential for this role.

What are the key skills and qualifications needed to thrive as a settlement associate, and why are they important?

To thrive as a Settlement Associate, you need strong analytical abilities, attention to detail, and a background in finance, accounting, or business, often supported by a relevant degree. Familiarity with settlement systems, financial software (such as SWIFT or DTCC), and knowledge of compliance regulations is crucial. Excellent organizational skills, effective communication, and the ability to work under pressure are important soft skills for this role. These competencies ensure accurate and timely settlement of transactions, mitigate risk, and support smooth financial operations.

What is the difference between Settlement Associate vs Loan Processor?

AspectSettlement AssociateLoan Processor
Required CredentialsHigh school diploma, sometimes additional certificationsHigh school diploma, mortgage licensing (e.g., NMLS) often preferred
Work EnvironmentFinancial institutions, title companies, real estate firmsMortgage companies, banks, credit unions
Employer & Industry UsageUsed in real estate and finance sectors for closing processesUsed in mortgage lending for processing loan applications
Common Search & ComparisonSettlement Associate vs Loan Processor

While both roles operate within the real estate and finance industries, a Settlement Associate primarily handles the final steps of property transactions, ensuring all documents and payments are in order. A Loan Processor focuses on evaluating and preparing loan applications for approval. Both roles require attention to detail and knowledge of financial procedures, but they differ in their specific responsibilities within the transaction process.

What are some common challenges settlement associates face when managing high transaction volumes, and how can they be addressed?

Settlement Associates often encounter challenges such as tight deadlines, discrepancies in transaction records, and the need for precise attention to detail when managing high volumes of financial settlements. Effective organization, utilizing automated reconciliation tools, and maintaining clear communication with internal teams and external partners are essential strategies for overcoming these obstacles. Additionally, proactively resolving exceptions and continuously updating knowledge of industry regulations can help ensure accuracy and efficiency in daily operations.
What are popular job titles related to Settlement Associate jobs in Minnesota? For Settlement Associate jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Settlement Associate jobs in Minnesota look for? The top searched job categories for Settlement Associate jobs in Minnesota are:
What cities in Minnesota are hiring for Settlement Associate jobs? Cities in Minnesota with the most Settlement Associate job openings:
Settlement Associate jobs near you
Infographic showing various Settlement Associate job openings in Minnesota as of June 2026, with employment types broken down into 1% As Needed, 66% Full Time, 32% Part Time, and 1% Temporary. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $40,476 per year, or $19.5 per hour.

Investment Operations Associate - Minneapolis - Hybrid

Daley And Associates, LLC

Minneapolis, MN • On-site

$110K - $120K/yr

Other

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Senior Associate - Private Credit Investment Operations - Minneapolis - Hybrid 

A leading investment management firm is seeking a Senior Associate for their Private Credit Operations team to support their growing platform. This is an excellent opportunity to join a collaborative, entrepreneurial team and play a key role in the operational execution of private credit investments across multiple strategies.

Responsibilities:

  • Support the full private credit investment lifecycle, from deal execution and settlement through ongoing loan administration and payoff.
  • Coordinate transactions with custodians, agents, fund administrators, legal teams, and investment professionals.
  • Review loan documentation and ensure accurate transaction setup, data integrity, and operational processing.
  • Resolve settlement, payment, and servicing issues while serving as a key operational liaison across internal and external stakeholders.
  • Support trade execution, security setup, compliance processes, and operational controls.
  • Contribute to process improvements, workflow enhancements, and cross-functional initiatives supporting a growing private markets platform.

Qualifications:

  • Bachelor's degree required
  • 5+ years of private credit operations experience supporting the full investment lifecycle.
  • Strong understanding of private credit loan documentation, including credit agreements, amendments, and payoffs.

This is an outstanding opportunity for a private credit operations professional looking to join a high-growth investment platform with significant visibility and cross-functional exposure. The salary for this role is between $110,000-$120,000. Qualified candidates, contact Erin at esullivan@daleyaa.com for more details! 

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