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For Companies At a Glance
- Tasks: Handle daily reconciliations and support critical financial operations in a fast-paced environment.
- Company: Join Modulr, a leader in embedded payments, transforming how businesses manage transactions.
- Benefits: Enjoy competitive salary, share options, flexible benefits, and 33 days of annual leave.
- Why this job: Make an impact in the fintech space while developing your skills in payment operations.
- Qualifications: Experience in reconciliations or payments, strong Excel skills, and a proactive mindset.
- Other info: Collaborative culture with excellent career growth and learning opportunities.
The predicted salary is between 28800 - 43200 £ per year.
Overview
Payment Operations Analyst – Reconciliation
Edinburgh
Full-time
In office 4 days/week
Do you have experience working with reconciliations or payment schemes? Do you want to work in a fast-paced environment supporting critical financial operations? Do you want to contribute to new product initiatives while developing your expertise in embedded payments? If so, we’d love to hear from you!
Who We Are
Our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, initially across the UK and Europe, to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.
What You’ll Do
- Prepare and complete daily client money and bank reconciliations within established deadlines, following the company’s reconciliation policy.
- Identify, investigate, and resolve non-reconciled items, escalating and driving root cause analysis to prevent recurrence.
- Monitor real-time payment and transaction flows, identifying trends or potential reconciliation issues.
- Support the accurate processing of client money transactions across schemes including Faster Payments, BACS, CHAPS, SEPA, Direct Debits, card transactions, and FX.
- Collaborate with internal teams and external providers to resolve reconciliation and payment queries in line with regulatory and scheme requirements.
- Act as a subject matter expert, supporting new product initiatives, reporting, incident management, and continuous improvement activities.
Who You Are
What You’ll Need
- A proactive approach to leveraging emerging technologies, including AI, to enhance operational efficiency and decision making.
- Previous experience in reconciliations, payments, or treasury within an operational team.
- Solid understanding of at least one UK or international payment scheme.
- Strong multi-tasking, prioritisation, and time management skills; adaptable and resilient.
- Excellent Excel skills and awareness of Snowflake / SQL queries or similar.
Nice to Haves
- Experience working with Electronic Money Institution (EMI) regulations.
- Familiarity with root cause analysis techniques.
- Exposure to card payments or FX processes.
What We Offer You
- Share Options – We offer a Company Share Option Plan (CSOP), giving you the opportunity to benefit from any increase in share value in the event of a sale, merger, or flotation.
- Bonus – Our annual discretionary bonus, paid in May for the previous year, is based on both company and individual performance.
- Flexible benefits – £1000 to spend on benefits to suit you, including private medical insurance, gym membership, dental etc.
- Wellbeing app – Confidential, on-demand access to therapy, coaching, counselling, management training or mindfulness sessions with accredited professionals.
- Holidays – 33 days annual leave (including bank holidays) plus your birthday off. UK Christmas Day, Boxing Day, and New Year’s Day are fixed holidays; the remaining days are flexible.
- Learning opportunities – Our two-day onboarding program, ModStart, equips you for success, with ongoing development support throughout your career.
- Company-Wide Events – Participate in collaborative and engaging events with colleagues across the business.
- Bike to Work / E-bike Scheme
Mod Inclusion
At Modulr, we’re committed to building a diverse, equitable and inclusive culture where everyone feels they belong and can bring their whole self to work. We welcome applications from candidates of all backgrounds as we believe it’s the right thing for our people, our business, and the community we operate in.
Payments Operations Analyst employer: Modulr Finance Limited
Contact Detail:
Modulr Finance Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments Operations Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the payments industry on LinkedIn or at local meetups. 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 schemes and reconciliation processes. Be ready to discuss how your experience aligns with what Modulr is looking for, especially around operational efficiency and emerging technologies.
✨Tip Number 3
Showcase your Excel skills! If you’ve got any cool projects or analyses you've done, be sure to mention them. It’s all about demonstrating your ability to handle data effectively, which is key for a Payments Operations Analyst.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Modulr.
We think you need these skills to ace Payments Operations Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Payments Operations Analyst role. Highlight your experience with reconciliations and payment schemes, as well as any relevant skills like Excel or SQL. We want to see how you fit into our vision!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about the role and how your background aligns with our needs. Don’t forget to mention your proactive approach to leveraging technology!
Showcase Your Problem-Solving Skills: In your application, give examples of how you've identified and resolved reconciliation issues in the past. We love candidates who can demonstrate their analytical skills and ability to drive root cause analysis.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Modulr Finance Limited
✨Know Your Reconciliation Stuff
Make sure you brush up on your reconciliation knowledge before the interview. Be ready to discuss your experience with different payment schemes like Faster Payments or BACS, and how you've tackled non-reconciled items in the past.
✨Show Off Your Excel Skills
Since strong Excel skills are a must for this role, prepare to demonstrate your proficiency. Think about specific examples where you've used Excel to analyse data or streamline processes, and be ready to talk about any experience with SQL or Snowflake.
✨Be Proactive and Tech-Savvy
The company values a proactive approach to leveraging emerging technologies. Come prepared with examples of how you've used tech, like AI, to enhance operational efficiency in previous roles. This will show that you're forward-thinking and adaptable.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the team dynamics, ongoing product initiatives, or how they handle reconciliation challenges. This shows your genuine interest in the role and helps you gauge if it’s the right fit for you.
