Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with

one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail clients in the New York metropolitan area. The Bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible payment processing solutions to small business owners. For more information, visit www.esquirebank.com.

While the financial services industry has faced many unique challenges in 2023, Esquire’s steadfast focus

of building long-term stakeholder value has made us one of the top performing financial institutions in the

country over the past several years, including 2023. While some companies lose their clarity and purpose

in the pursuit of short-term growth and earnings, our strategic path has remained very clear. We have

always believed that a strong and fortified balance sheet (excess capital, solid credit quality, strong liquidity,

and thoughtful interest rate risk management) anchored by outstanding client relationships will consistently

generate long term (safe and sound) growth, industry leading performance metrics, and continued success

into the future. Our consistent investment in resources clearly demonstrate the untapped potential growth

in both the litigation and payment verticals nationally, ensures that we remain focused on strong risk

management, and that we remain steadfast in our pursuit of “excellence in client service.”

We provide payment processing as an acquiring bank primarily through the third-party or ISO business

model in which we process and clear credit and debit card transactions on behalf of merchants. This model

is designed to mitigate the risks associated with merchant losses resulting from chargebacks, fraud, non compliance issues or even ISO or merchant insolvency. In an ISO model, the bank and the ISO jointly enter

into the merchant agreement with each merchant. To date, Esquire Bank has not incurred any losses from

its payment processing activities.

We entered into the payment processing business as an acquiring bank in 2012 in an effort to increase our

noninterest income revenue and to provide cross selling opportunities for other business banking products

and services. For the year ended December 31, 2023, payment processing revenues were approximately

$22.3 million, which was 20.0% of our total revenue. At December 31, 2023, we had 27 active ISOs,

servicing approximately 84,000 merchants, and for the year ended December 31, 2023, we processed $33.0

billion in card volume.

The payment processing (merchant acquiring) market has also been and will continue to be a significant

growth opportunity for our Company, as we offer focused and tailored products and services to small

businesses nationally. The payment industry grew 8.7% from 2019 to 2022 with payment volumes or TAM

of $10.3 trillion according to company records on U.S. payment industry trends. Couple this with the fact

that there are less than 100 acquiring financial institutions in the U.S., this vertical represents a significant

growth opportunity for our Company.

As Esquire management continues buildout our merchant services platform, we understand the value in

hiring strong candidates in the accounting and operations functions ensuring we have appropriate internal

controls as well as challenge and enhance our current processes. Esquire is a smaller banking institution

and dynamic environment where the successful candidate will be exposed to all elements of the bank

allowing for a great opportunity to expand his or her professional skill set.

Payment Processor Utilities Supported by our platform: Global Payments (i.e. TSYS), FiSERV (i.e. First Data), Repay (i.e. Trisource)

• Key Independent Sales Organization (ISO) client treasury management contact who is also a key

interface with processors & card brands

• Review proposed contracts, participate in sales negotiations, and assist in the onboarding of new

relationships

• Lead and/or participate in projects including automation of existing processes as well as

implementation of new products / businesses

• Manage the continued development of functional policies, procedures, operational controls, data

management and information technology initiative

• Liaise with internal departments within the firm (e.g. Bank Operations, Compliance, Corporate

Accounting, Merchant Sales and Underwriting, Merchant Risk, Retail Branch)

• Interact with internal and external auditors and assist in the coordination audits and reviews

• Manage an operations and settlement team of 5-7 that is responsible for:

• Daily clearance and settlement reconciliation and balancing processes including:

• DDA account reconciliations,

• Reconciling processor data vs cash movements,

• Clearance of reconciling items including chargebacks, ACH returns, and fees; and

• Posting of accounting entries

• Allocation of pass-through expenses to ISOs and quarterly card brand reporting

• Reconciliation and management of ISO and Merchant Reserves

• Monthly Internal Reporting – Statistical data / reserve analysis / Budget to Actual Performance

• Revenue recognition and preparation of monthly ISO residual invoicing

• Prepare and record monthly general ledger entries including, but not limited to, revenue

recognition and related balance sheet movements for the business

• Reconcile, review and analyze balance sheet and income statement accounts on a monthly

and quarterly basis as well as present the results to senior management

• Assist in the preparation of internal, external financial (SEC) and regulatory reporting

• Bachelor’s degree in Finance or Accounting preferred

• Minimum 10 years’ combined experience in financial services or public accounting

• Payments industry treasury experience (ISOs / Processors / Card brands) highly preferred

• Strong Management Ability including, but not limited to:

• Strong interpersonal and team-building skills required

• Articulate with excellent verbal and written communication skills

• Attention to detail and time management are essential skills for this role

• Ability to multi-task, prioritize and work in a fast-paced environment

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Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.