At a Glance
- Tasks: Analyse payments, resolve discrepancies, and collaborate with teams for smooth processing.
- Company: Dynamic financial services company based in Slough.
- Benefits: 25 days holiday, bonus, pension, private medical, and wellness programmes.
- Other info: Shift work with opportunities for growth and development.
- Why this job: Join a fast-paced team and make an impact in the finance world.
- Qualifications: Degree in finance or related field; experience in payments or financial analysis.
The predicted salary is between 30000 - 40000 £ per year.
We are seeking a highly analytical and detail-orientated Payments and Settlement Analyst to join our payments team. The ideal candidate will have a strong background in financial analysis, experience with payment processing systems, and a deep understanding of settlement procedures.
Main Duties & Responsibilities:
- Raising payments across multiple entities using a TMS system and online banking portals, whilst ensuring all payments are accurately raised and released in a timely manner.
- Monitor and reconcile daily payment transactions to ensure accuracy and completeness.
- Investigate and resolve discrepancies in payments, settlements, resolve any queries, i.e. Recalls, Tracers and Rejections both internally and externally.
- Collaborate with internal teams and external partners to facilitate smooth payment process.
- Analyse payment data to identify trends, risks, and opportunities for process improvement.
- Building and maintaining macro and other excel spreadsheets for reconciliations.
- Act as the key contact for payments and develop good working relationships with internal and stakeholders.
- Stay up to date with industry regulations and best practices related to payments and settlements.
- To ensure that LMAX’s principles and controls for risk management, TCF and CASS are adhered to and highlight any potential/risks of breaches.
- Working with Broker Operations teams to ensure all client related queries are dealt thoroughly and providing cover as required.
- Maintaining through regular updates a sound understanding of the risks and controls associated with their role and subsequently utilising this knowledge to follow and enforce all agreed procedures to ensure risks are minimised across the payment processes and within the team.
- Work covering Monday to Friday with occasion weekend on-call and UK bank holiday work.
- Assist with ad-hoc projects and tasks as assigned by management.
Requirements:
- Bachelor’s degree in finance, Accounting, or related field
- Proven experience in payments, settlements, or financial analysis role
- Strong analytical skills with the ability to interpret complex financial data.
- Proficiency in Microsoft Excel and other software applications.
- Excellent communication and interpersonal skills
- Ability to work independently and collaboratively in a fast-paced environment.
- Attention to details and accuracy in all work activities.
- Knowledge of payment processing systems
25 days of holiday
Bonus
Pension contribution
Private medical, dental, and vision coverage
Life assurance
Critical illness cover
Wellness contribution program with access to ClassPass
Payment and Settlements Analyst (Shift work based in Slough) employer: LMAX Group
At LMAX, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Slough that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive training programs and opportunities for advancement, alongside competitive benefits such as private medical coverage and a wellness contribution programme. Join us to be part of a team that values accuracy, integrity, and the continuous improvement of payment processes, all while enjoying a supportive culture that prioritises work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Payment and Settlements Analyst (Shift work based in Slough)
✨Tip Number 1
Network like a pro! Reach out to people in the payments and settlements field on LinkedIn or at industry events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of payment processing systems and settlement procedures. We recommend practising common interview questions and having examples ready that showcase your analytical skills and attention to detail.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that match your skills, especially if you're keen on working in a dynamic payments team!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Plus, it keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Payment and Settlements Analyst (Shift work based in Slough)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in payments and settlements. Use keywords from the job description to show we’re on the same page about what you bring to the table.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Share specific examples of how your analytical skills have helped you in previous roles, especially in payment processing or financial analysis.
Showcase Your Excel Skills:Since proficiency in Excel is key for this role, mention any relevant projects where you've built macros or used spreadsheets for reconciliations. We love seeing those skills in action!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you’ve got!
How to prepare for a job interview at LMAX Group
✨Know Your Numbers
Brush up on your financial analysis skills and be ready to discuss specific metrics or trends you've identified in previous roles. This will show that you can handle the analytical demands of the Payments and Settlements Analyst position.
✨Excel is Your Best Friend
Since proficiency in Excel is crucial, make sure you can demonstrate your skills. Prepare to talk about any macros or complex spreadsheets you've built, and maybe even bring a sample if it's appropriate!
✨Communication is Key
You'll need to collaborate with various teams, so practice articulating how you've successfully worked with others in the past. Think of examples where your communication skills helped resolve discrepancies or improved processes.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest regulations and best practices in payments and settlements. Being able to discuss current trends will show your commitment to the field and your proactive approach to risk management.
