Finance Analyst – Reconciliations & Settlements

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Finance Analyst – Reconciliations & Settlements

Company:

Hours:

37.5 hours per week

Department:

Operations

Reports to:

Finance Operations Team Leader

Type of position:

The Bank

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A leading issuing bank, who has been transforming the future of cross border payments to serve our Clients over the past 18 years. The Bank has recently embarked on a journey to expand its banking product range and now offers digital corporate banking services locally.

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The Bank has offices in London, Malta and Gibraltar, currently serving innovative Clients through a portfolio of e-money products and payment services as well as deposit accounts for its Corporate Clients. As a leader in the industry, we set the standard for excellence in the payments sector. We are forward thinkers in a complex ecosystem and partner with cutting edge Fintech’s to challenge the way we conventionally bank for the better.

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Investors

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Our parent company, IDT Corporation, is an innovative and opportunity-seeking multinational company headquartered in the US and listed on the New York Stock Exchange, with offices across the globe.

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Role Outline

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To manage a portfolio of BIN Sponsorship Program Manager Clients, and deal on a day-to-day basis, with all aspects relating to Payments, Reconciliations & Reporting. To assist and support the Head of Finance Operations and the Finance Operations Team Leader in day-to-day activities. Managing the financial portfolio of our Clients, including:

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Performing daily reconciliations of cardholder processor reports against Scheme Settlement advisements.

Performing daily reconciliations of the Scheme Settlement advisements received and ensure payments are made externally whilst in keeping with strict deadlines and cut off times.

Performing daily, weekly and monthly reconciliations and analysis of nostro/counterparties balance of banking operations.

Performing daily validation checks of the cardholder processor reports against Customer Funds.

Processing of banking entries across various payment platforms required to meet strict deadlines.

Investigating any reconciling items or discrepancies within the daily reports before raising any reporting errors with our Data department.

Work closely with the Data and Operations department to resolve queries efficiently.

Completion of month end reconciliations within the specified timelines.

Preparation and review of month end closure process.

Provide financial analysis to aid management on an ad hoc basis, including the preparation of reports.

Liaising with Clients via email and conference calls on any reconciliation issues or queries.

Preparation of Ad hoc reports and reconciliations in order to deal with Client’s questions.

Processing of cardholder refunds, return to source requests, revenue releases and others for your Client portfolio.

Processing and maintaining the chargeback process.

Preparation of any responses to queries which our statutory auditors may raise in relation to your Client portfolio for the financial year end.

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Competencies, Knowledge & Skills

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Ability to work under pressure.

Highly numerate with the ability to constantly meet deadlines whilst ensuring exceptional attention to detail.

Planning and organising own work unsupervised.

Producing work output to the highest standard.

Analytical and investigative skills for resolving variances.

Strong communication skills both verbal and in written.

Previous use of a reconciliation tool would be an advantage.

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Experience/knowledge

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Banking Payments Processing including different payment rails

Intermediate / Advanced Excel skills.

Prior knowledge of fintech products (advantageous)

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Additional Skills Required

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Professional mannerism

Self-motivated and able to work with a team to complete necessary tasks in a timely manner

Pro-active approach to daily duties

Ability to take initiative and utilize sound judgment in decision-making

The ability to work to deadlines

Agile and pragmatic when approaching change

Adaptable to a wide range of products and variables when assessing risk

Good oral and written communication skills

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IT Skills

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High level of competency with MS Office specifically in Excel

MS Outlook

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The holder of this position will be expected to pass the required background checks in line with the Bank’s policy.

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