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FxPro seeks a Payment Reconciliation Specialist to reconcile payment providers, ensure accurate financial reporting, and manage discrepancies for this leading international fintech company.
excellent compensation
medical insurance
provident fund
FxPro logo

Payment Reconciliation Specialist

Limassol, Cyprus•On-site

Full-time

payment reconciliation
financial reporting
data analysis
process improvement
cross-functional collaboration

Join FxPro: a leading international fintech company. Be a part of our expanding international team, with offices in Limassol, London, Monaco, Nassau, and Dubai. FxPro boasts a diverse workforce of over 400 employees representing 22 nationalities, making it an exciting and dynamic workplace. At FxPro, we see each team member as an integral part of our success story.

As a Payment Reconciliation Specialist, you will be responsible for the reconciliation of payment providers, ensuring accurate and timely financial reporting. This role requires a detail-oriented professional with strong analytical skills to manage and maintain comprehensive records, perform cost analysis, and address discrepancies.


Responsibilities

  • Reconciliation of Payments
    • Conduct daily, weekly, and monthly reconciliations of payments from various providers
    • Utilise Excel and other available tools to ensure all transactions are accurately recorded and balanced
  • Report Generation
    • Create and maintain detailed reports for all Payment Service Providers (PSPs) offered by the company
    • Develop and distribute regular reconciliation reports to relevant stakeholders
  • Discrepancy Management
    • Identify and analyse mismatches and discrepancies in payment records
    • Collaborate with relevant departments to resolve discrepancies promptly
    • Raise issues and follow up until resolution
  • Record Keeping
    • Maintain an organised history of all reconciliation reports and related documentation
    • Keep detailed records of all transactions, including adjustments and corrections
  • Cost Analysis and Fee Structures
    • Perform regular cost analysis to identify areas for cost savings and efficiency improvements
    • Monitor and analyse fee structures associated with different PSPs
    • Provide recommendations for optimising payment processing costs
  • Data Analysis and Reporting
    • Analyse payment data to identify trends and patterns
    • Prepare statistical reports and dashboards to provide insights into payment activities
    • Ensure data accuracy and integrity in all reports and analyses
  • Process Improvement
    • Continuously evaluate and improve reconciliation processes and methodologies
    • Implement best practices to enhance efficiency and accuracy in payment reconciliation
    • Stay updated with industry trends and regulatory changes affecting payment reconciliation
  • Cross-Functional Collaboration
    • Work closely with the finance and operations teams to ensure alignment and accuracy in payment processing
    • Provide support and training to team members on reconciliation procedures and tools
    • Any additional tasks deemed necessary by management


Requirements

  • Degree in accounting, business, or finance
  • 4+ years of related work experience in the Finance/Forex industry
  • Proficient with Microsoft Office and Google Workspace
  • Experience with Jira and Confluence
  • Analytical and good communication skills
  • Understanding high-risk industry in emerging markets would be an advantage
  • Experience in creating reconciliation processes for a variety of payment providers
  • Experience in setting up the process of monitoring payment providers' balances would be a plus
  • Experience in setting IT tasks and explaining the business needs


Our benefits

  • Excellent compensation package
  • Medical and life insurance
  • Provident fund
  • In-house gym with a personal trainer
  • Free daily lunch catering, snacks, and beverages
  • Company discount card for various products & services
  • 50% discount on language courses with a tutor
  • 21 days of annual leave and 10 days of sick leave annually
  • Shuttle bus service from Limassol
  • Birthday certificate program