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For Companies At a Glance
- Tasks: Handle daily client money reconciliations and resolve payment queries in a fast-paced environment.
- Company: Join Modulr, a forward-thinking company focused on embedded payments and financial operations.
- Benefits: Enjoy share options, flexible benefits, 33 days holiday, and a wellbeing app for mental health support.
- Why this job: Make an impact in the financial sector while developing your skills in a dynamic team.
- Qualifications: Experience in reconciliations or payments, strong Excel skills, and a proactive approach to technology.
- Other info: Diverse and inclusive culture with excellent career development opportunities.
The predicted salary is between 28800 - 43200 £ per year.
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 would love to hear from you.
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.
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.
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 in Edinburgh employer: Modulr
Contact Detail:
Modulr Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments Operations Analyst in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to people in the payments and reconciliation space on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of payment schemes. Make sure you can chat confidently about Faster Payments, BACS, and other relevant systems. We want to see that you're not just a fit on paper but also in person!
✨Tip Number 3
Show off your Excel skills! Bring examples of how you've used Excel in past roles to solve problems or streamline processes. We love seeing candidates who can demonstrate their analytical prowess.
✨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 us you’re genuinely interested in joining our team.
We think you need these skills to ace Payments Operations Analyst in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with reconciliations and payment schemes. We want to see how your skills match what we're looking for, so don’t be shy about showcasing your relevant experience!
Showcase Your Skills: When writing your application, emphasise your Excel skills and any familiarity with payment processes like Faster Payments or BACS. We love seeing candidates who can demonstrate their technical know-how!
Be Proactive: In your cover letter, mention how you’ve used emerging technologies to improve operations in the past. We’re all about innovation here at StudySmarter, so show us how you can bring that mindset to our team!
Apply Through Our Website: Don’t forget to apply through our careers site! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Modulr
✨Know Your Reconciliation Basics
Make sure you brush up on your reconciliation knowledge before the interview. Understand the key processes involved in daily client money and bank reconciliations, as well as the common issues that can arise. Being able to discuss these confidently will show that you're prepared and knowledgeable.
✨Familiarise Yourself with Payment Schemes
Since the role involves various payment schemes like Faster Payments, BACS, and SEPA, it’s crucial to have a solid understanding of at least one of them. Research how they work and be ready to discuss any relevant experience you have. This will demonstrate your expertise and readiness to contribute.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've identified and resolved non-reconciled items in the past. Highlight your approach to root cause analysis and how you’ve prevented issues from recurring. This will illustrate your proactive mindset and ability to handle challenges effectively.
✨Excel and Data Skills Matter
Since strong Excel skills are a must for this role, be ready to discuss your proficiency with it. If you have experience with Snowflake or SQL queries, mention that too! You might even want to prepare a few examples of how you've used these tools to enhance operational efficiency.
