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- Tasks: Lead the reconciliation process, ensuring accuracy and efficiency in financial transactions.
- Company: Join Verto, a fintech innovator transforming payments in emerging markets.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration across global teams.
- Why this job: Be part of a mission-driven company making financial access equal for all businesses.
- Qualifications: 5+ years in reconciliation or financial analysis, with strong problem-solving and leadership skills.
- Other info: Work closely with teams in Kenya, UK, and India, driving impactful change in the fintech space.
The predicted salary is between 36000 - 60000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
At Verto, we\’re passionate about helping businesses in Emerging markets reach the world. What first started life as a FX solution for trading Nigerian Naira has now become a market-leading platform, changing the way thousands of businesses transfer money in and out of Emerging Markets.
We believe that where you do business shouldn\’t determine how successful you are, or your ability to scale. Millions of companies a day have to juggle long settlement periods, high transaction fees and issues accessing liquidity in order to trade with African businesses. We\’re on a mission to change this by creating equal access to easy payment and liquidity solutions that are already a given in developed markets.
We\’re not alone in realising the opportunity and need to solve for emerging markets. We\’re backed by world-class investors including Y-Combinator, Quona and MEVP, power payments for some of the most disruptive start-ups in the world and have a list of accolades from leading publications including being voted \’Fintech Start Up of the Year\’ at Fintech Awards London 2022.
Each year we process billions of dollars of payments and provide companies with solutions which help them to save money, automate processes and grow, but we\’re only just getting started.
We are seeking a Reconciliation Manager to own the full reconciliation process and to develop its efficiency and effectiveness. This is a critical role in the organisation and will take a dedicated individual to use their experience to improve it. The role will involve building and improving processes around:
- Gathering data from our multiple banking partners, some of which are not feeding the data automatically to the reconciliation software
- Analysing and matching of transactions
- Investigating discrepancies and breaks
- Eliminating and preventing such breaks
You will also work on projects to improve automation and efficiency.
This role will work very closely with our payments team, trading team and middle office function. Teams are based in Kenya, UK and India.
In this role you will:
- Use your past experience to build and improve our existing reconciliation processes.
- Manage a team of reconciliation analysts.
- Oversee the end-to-end reconciliation framework, ensuring accuracy and efficiency in all stages.
- Investigate discrepancies and breaks in reconciliations, taking corrective operations or product led actions to resolve and prevent future issues.
- Develop and implement process improvements to enhance automation and operational efficiency.
- Collaborate on cross-functional projects aimed at optimising the reconciliation process and integrating new systems or tools.
You will be responsible for:
- Managing the full reconciliation process, including data gathering, analysis, and matching of transactions.
- Identifying and minimising the among of discrepancies, breaks, and variances in financial transactions.
- Developing and implementing solutions to resolve reconciliation issues and prevent recurrence.
- Enhancing the efficiency of the reconciliation process through automation and system improvements.
- Collaborating with internal teams and external banking partners to ensure seamless and accurate financial reporting.
Skills and Qualifications
- 5+ years of experience in reconciliation, financial analysis, or a related accounting function, preferably within the fintech, financial services, or payments industry.
- Demonstrated ability to identify, investigate, and resolve complex reconciliation discrepancies.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong attention to detail and a commitment to accuracy.
- Ability to work independently and as part of a team, including collaborating effectively with cross-functional and international teams.
- Excellent communication (written and verbal) and interpersonal skills.
- Experience with process improvement and automation.
- Proven leadership skills and experience in managing and mentoring a team.
- Knowledge of payment processing, FX transactions, and emerging markets is required.
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Reconciliation Manager employer: VertoFX ltd
Contact Detail:
VertoFX ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reconciliation Manager
✨Tip Number 1
Familiarize yourself with the specific reconciliation processes used in fintech and payments. Understanding the nuances of these processes will help you demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the fintech industry, especially those who have experience in reconciliation roles. Engaging with them can provide insights into the challenges they face and how you can position yourself as a solution.
✨Tip Number 3
Stay updated on the latest trends and technologies in payment processing and reconciliation. Being knowledgeable about automation tools and software can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples from your past experience where you've successfully resolved discrepancies or improved reconciliation processes. Concrete examples will showcase your problem-solving skills and leadership abilities.
We think you need these skills to ace Reconciliation Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Reconciliation Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in reconciliation, financial analysis, and process improvement. Use specific examples that demonstrate your ability to manage discrepancies and improve efficiency.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for working in emerging markets and fintech. Mention any relevant projects or achievements that showcase your problem-solving skills.
Highlight Leadership Experience: Since the role involves managing a team, be sure to emphasize any leadership experience you have. Discuss how you've successfully led teams, mentored others, and contributed to cross-functional projects.
How to prepare for a job interview at VertoFX ltd
✨Showcase Your Experience
Make sure to highlight your 5+ years of experience in reconciliation or financial analysis. Be prepared to discuss specific examples where you've successfully identified and resolved discrepancies, as this will demonstrate your capability for the role.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and problem-solving skills. You might be asked to analyze a hypothetical reconciliation scenario, so practice explaining your thought process and how you would approach resolving discrepancies.
✨Emphasize Team Collaboration
Since the role involves working closely with various teams across different countries, emphasize your ability to collaborate effectively. Share examples of past experiences where you worked with cross-functional teams to achieve common goals.
✨Discuss Process Improvement Initiatives
Be ready to talk about any process improvement initiatives you've led in the past. Discuss how you enhanced efficiency through automation or system improvements, as this aligns with the company's mission to optimize their reconciliation processes.
