About the Transaction Management Associate position
We seek to hire a highly analytical and qualified Transaction Management Associate to join our team. You will be require d to manage daily reconciliation of transactions, settlements, and escalations to relevant departments, banking partners, processors and more for any risk-related issues.
To ensure success as a Transaction Management Associate , you should possess in-depth knowledge of best practices in reconciliations and experience in a similar environment.
An outstanding Transaction Management Associate will be someone whose expertise results in accurate financial reporting and efficient transaction reporting .
Ensure daily reconciliation of all transactions and provide daily / weekly reconciliation and settlement reports .
Manage internal and external controls for payment processes, escalate and resolve payment issues while working with Product, Customer Service and Engineering team.
Perform daily and weekly revenue recognition and cost optimization exercises.
Liaise with partners (banks etc . ) to ensure optimal cost structures and verify daily settlements .
Execute chargebacks and dispute resolutions of transactions .
Identify unsettled transactions and actively engage with partners for resolution .
Investigate and identify unsuccessful transactions and process refunds into customers’ accounts .
Ensure the business is not exposed to any material risks emanating from reconciliation variances .
Develop models that assist in the reconciliation process to speed up reconciliation and provide accuracy.
Document processes, procedures, resolution guides etc. for the settlement team.
A Bachelor’s degree in finance, accounting, or relevant field.
2 - 4 years of experience working in a similar role in the banking, fintech, or financial services industry .
In-depth knowledge of bank reconciliation and settlement dynamics and processes
Process-driven understand s in-depth financial control processes intuitively, highly organized, and are constantly look s out for process improvement opportunities .
Collaborative seek s to understand and then to be understood. C ommunicate s actions and intentions clearly - verbally as well as in a written form.
Advanced MS Excel skills . Working knowledge of Power BI is a plus.
Knowledge of financial regulations.
Benefits & Compensation
Access to regular training, and ongoing feedback to boost your skills.
Opportunity to work with and learn directly from world-class operators.
Collaborative, meritocratic working culture.
Health and Life Insurance .