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Settlement Associate Jobs (NOW HIRING)

DTCC

Clearance & Settlement IC Associate

Jersey City, NJ · On-site

$15.75 - $21.75/hr

Equity Clearance and Settlement Operations provides operational support for DTC and NSCC focusing on depository services, trade capture, comparison and netting of virtually all broker-to-broker ...

Edge Settlement Associates

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Title Agency processor

Forked River, NJ · On-site

$40K - $75K/yr

Associate or Bachelor's degree preferred. * Minimum 2 years of title processing, escrow processing ... Understanding of title commitments, title insurance, and settlement procedures. * Strong computer ...

DTCC

Clearance & Settlement IC Associate

Jersey City, NJ · On-site

$17.25 - $23/hr

Equity Clearance and Settlement Operations provides operational support for DTC and NSCC focusing on depository services, trade capture, comparison and netting of virtually all broker-to-broker ...

Archer Daniels Midland

Associate's degree in Accounting, Finance, Business, or related field preferred * Strong settlement, accounting, or reconciliation experience required * Advanced working knowledge of Agris, JDE, MDM ...

Edge Settlement Associates

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Title Agency Processor/Closer

Wyomissing, PA · On-site

$60K - $85K/yr

Associate or Bachelor's degree preferred. * Minimum 2 years of title processing, escrow processing ... Understanding of title commitments, title insurance, and settlement procedures. * Strong computer ...

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How much do settlement associate jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for settlement associate in the United States is $19.87, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $20.67 per hour, depending on experience, location, and employer.

What are Settlement Associates?

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.
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Settlement Associate jobs near you
Infographic showing various Settlement Associate job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 28% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $41,327 per year, or $19.9 per hour.
Settlement Officer II (SO II), Estate Settlement, Private Bank

Settlement Officer II (SO II), Estate Settlement, Private Bank

Bank of America

Richmond, VA • On-site

Full-time

PTO

Posted 12 days ago

Bank Of America rating

8.2

Company rating: 8.2 out of 10

Based on 520 frontline employees who took The Breakroom Quiz

44th of 149 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Settlement Officer II (SO II), Estate Settlement, Private Bank, Richmond, VA -
Accountable for managing and settling estates and/or terminating trusts requiring a degree of technical expertise and knowledge in estate and trust administration. Coordinates with and assigns tasks to Settlement Administrators, monitors progress and approves completed work. Assists manager and senior officers in coaching, developing, and mentoring associates within Settlement team. Responsible for coordinating information and activities with external business partners and internal business and support partners to ensure accurate, timely and efficient administration of assigned cases, and to manage business risk. Maintains high quality, professional communications with beneficiaries and co-fiduciaries, with focus on client satisfaction and asset retention.
Job Description:
  • The Settlement Officer is accountable for facilitating, managing, and settling estate and trust terminations that require expertise and knowledge of fiduciary rules and regulations in a fast-paced, high-volume environment.
  • The Settlement Officer assigns tasks to Specialized Fiduciary Administrators, monitors progress and approves completed work. Responsible for coaching, developing, and mentoring administrators and junior level officers within the Estate Settlement team.
  • Works closely while simultaneously building and maintaining relationships with internal business partners including but not limited to: Client Team, Financial Advisors, Office of the Chief Fiduciary, Administrative Resource Team (ART), Audit, Compliance, Fiduciary Tax Services, Specialty Asset Management (SAM), Trust Operations, Fiduciary Tax Services (Tax), Portfolio Managers, etc., as well as external parties (Attorneys, CPAs, and Fiduciary Accountants).
  • Monitors the settlement process and task completion to ensure accurate, timely and efficient administration, and to proactively manage business risk.
  • Maintains high quality communications with beneficiaries and internal partners, with a primary focus on timely execution and client satisfaction.
  • Ability to proactively identify and resolve issues.
  • Acts as a technical resource to colleagues within and outside of Estate Settlement team.
  • May be called upon to handle tasks delegated by Estate Settlement Manager or Director.

Qualifications:
  • BS/BA degree or equivalent experience, strongly desired
  • JD or Professional designation in paralegal studies preferred
  • Trust, estate, and/or tax experience
  • Strong communication and organizational skills
  • Ability to work in a fast-paced environment where multi-tasking and prioritization is a necessity
  • Works well as an individual contributor and member of a team
  • Proficient use of Microsoft Office
  • Ability to learn and apply new technology and systems

Skills:
  • Account Management
  • Customer and Client Focus
  • Oral Communications
  • Risk Management
  • Written Communications
  • Collaboration
  • Decision Making
  • Issue Management
  • Prioritization
  • Problem Solving
  • Active Listening
  • Attention to Detail
  • Client Management
  • Process Simplification
  • Referral Identification

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
For internal employees: participation in a work from home posture does not make you eligible to post.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - VA - Richmond - 1111 E MAIN ST - BANK OF AMERICA CENTER (VA2300)
Pay and benefits information
Pay range
$85,300.00 - $104,200.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1998

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