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- Tasks: Lead the digital services settlement team, ensuring accurate financial reporting and timely reconciliations.
- Company: Join PayPoint Network Ltd, a leader in digital payment solutions.
- Benefits: Enjoy a 12-month contract with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team driving change in the financial sector while enhancing your leadership skills.
- Qualifications: Strong attention to detail, people management experience, and proficiency in Microsoft Excel required.
- Other info: Ideal for those looking to make an impact in a fast-paced environment.
The predicted salary is between 43200 - 72000 £ per year.
Main Purpose of Role
Responsible for the management, settlement and reconciliation of digital services, including Vouchers, direct debits and other cash out schemes. To ensure financial reporting and KPIs for PayPoint regulated entities are accurate and compliant. This is a 12 month fixed term contract.
Key Responsibilities
- Ensure that the day to day workload is delivered in a timely and accurate manner including:
- Client payment requests are carried out in an accurate and timely manner.
- Ensure that funds are received and unidentified payments are acted upon immediately.
- Ensure daily direct debit settlement and reconciliation is completed.
- Ensure that Client billing is accurate and variances and trends are explained.
- Ensure that retailers networks are settled correctly, and the associated costs are recorded correctly in the accounts.
- Ensure the daily reconciliation of settlement and safeguarded accounts. Any anomalies should be immediately investigated and resolved.
- Ensure Community banking, OpenPay and PISP reconciliations and settlement are completed in a timely manner.
- Ensure Financial month end is completed in a timely manner.
- Support with internal and external audits.
- Work with other parts of the business to ensure new consumer and retailer promotion campaigns are set up correctly within the financial systems.
- Ensure that the PPSL, RSM and i-movo finance processes are up to date and reflect the controls and safeguarding procedures that are followed every day.
- Raise incident reports should a discrepancy occur.
- Management of 3 direct reports.
Qualifications and Experience
Essential:
- Process improvement mindset and strong experience in controls.
- High attention to detail.
- Experience of working to tight deadlines.
- People management experience.
- High confidence with Microsoft Excel.
Desirable:
- Finance qualification (degree, AAT, Part Qualified).
- Banking / financial services background.
- Previous high-volume settlement and reconciliation experience.
Person Specification
- Able to take ownership and responsibility for delivering results.
- Able to build strong relationships across the business.
- Able to drive and implement change.
- Self-motivated with the ability to use initiative and to act independently as appropriate.
- Able to prioritise workload and deliver against agreed deadlines.
- Able to cope under pressure.
Digital Services Settlement Team Leader employer: PayPoint plc.
Contact Detail:
PayPoint plc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Digital Services Settlement Team Leader
✨Tip Number 1
Familiarise yourself with the key responsibilities outlined in the job description. Understanding the daily tasks, such as client payment requests and reconciliation processes, will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Highlight your experience with process improvement and controls. Be ready to discuss specific examples where you've successfully implemented changes that enhanced efficiency or accuracy in financial operations.
✨Tip Number 3
Showcase your people management skills. Prepare to talk about how you've led teams in the past, focusing on how you motivated your team and managed workloads to meet tight deadlines.
✨Tip Number 4
Brush up on your Microsoft Excel skills, especially if you have experience with high-volume data. Being able to demonstrate your proficiency in Excel during practical assessments or discussions can set you apart from other candidates.
We think you need these skills to ace Digital Services Settlement Team Leader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in digital services management, settlement, and reconciliation. Emphasise your attention to detail and any process improvement initiatives you've led.
Craft a Strong Cover Letter: In your cover letter, address how your skills align with the key responsibilities of the role. Mention your experience with financial reporting, client billing accuracy, and managing teams, as these are crucial for the position.
Highlight Relevant Qualifications: If you have a finance qualification or experience in banking/financial services, make sure to mention this prominently. Also, include any specific training or certifications related to Microsoft Excel, as this is essential for the role.
Showcase Your People Management Skills: Since the role involves managing direct reports, provide examples of your leadership experience. Discuss how you've built relationships within teams and driven change in previous roles.
How to prepare for a job interview at PayPoint plc.
✨Showcase Your Attention to Detail
Given the role's emphasis on accuracy in financial reporting and reconciliation, be prepared to discuss specific examples from your past experience where your attention to detail made a significant impact. Highlight any processes you improved or errors you caught that saved time or resources.
✨Demonstrate Your Process Improvement Mindset
The company values a process improvement mindset, so come ready with ideas or examples of how you've successfully implemented changes in previous roles. Discuss any methodologies you are familiar with, such as Lean or Six Sigma, and how they can apply to the position.
✨Prepare for People Management Questions
As this role involves managing a team, expect questions about your leadership style and how you handle team dynamics. Be ready to share experiences where you motivated your team, resolved conflicts, or supported their professional development.
✨Familiarise Yourself with Financial Systems
Since the job requires working with various financial systems, brush up on your knowledge of tools like Microsoft Excel and any other relevant software. Be prepared to discuss how you've used these tools in past roles to manage settlements and reconciliations effectively.
