Edinburgh
* Are you curious, excited by experimentation and always looking to innovate?
* Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?
If so, we would love to connect and collaborate! We want to hire ambitious, and value-adding talent into Modulr, one of the fastest growing payments businesses in the UK and Europe., The wider business teams are based in Edinburgh, London, Amsterdam and Mumbai. Modulr has an office-first policy as face-to-face and ad hoc collaboration will maximise our ability to meet our ambitious growth and profitability goals. In practise we expect our colleagues to be in-office at least 4 days per week [role may require 5 days]., The Reconciliations Analyst is a vital role within Modulr working withing the Payment Operations Team. This is a great opportunity to have an impact on the reporting function of a scaling regulated business. Specific duties You will need to be comfortable doing the following:
* Reconciliation: Perform daily reconciliation of payment transactions, ensuring that all transactions are accurately recorded and balanced across internal systems and external partners.
* Investigating and identifying root causes of non-reconciled items, liaising with stakeholders across various teams (e.g., Finance, Engineering, Product, and customer service) and driving forward resolution to reduce reoccurrences.
* Assist with the management and escalation of any internal policy breaches/ regulatory breaches, carry out remediation and define mitigating factors.
* Support the creation of internal and external reporting requirements and MI.
* Identifying requirement daily treasury movements and completing these within strict timelines
* Complete internal processes, keep process documentation updated, share best practice, and highlight improvements and efficiencies.
* Develop into a Payment operations subject matter expert.
* Support ad-hoc incident management where required, including monthly on-call out of hours support for incidents and payment queries.
The successful Reconciliations Analyst will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty. More specifically the ideal candidate will have:
* Ideally you will have previous experience in payments, reconciliations, and treasury within an operational environment.
* Knowledge and previous experience working with at least one of the UK payments schemes and/or international schemes.
* Awareness of financial regulations and breach identification and reporting
* Experience of investigating payment failures and exceptions
* Excellent Excel skills
At Modulr, 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.
We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We have two routes to market. Our Core Business Payments product allows customers in any sector to connect to us and our expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS to automate payments. Our Vertical Solutions targets a growing range of industry verticals which directly connect their IT platforms to our APIs and webhooks. We solve complex payment problems for hundreds of clients in a range of industries, including Travel, Lending, Wage Advance, and Investment & Wealth. We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in multiple currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe. Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank. Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Highland Europe. Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai. Modulr values
* Building the extraordinary; going that extra mile.
* Owning the opportunity; be passionate and proud of the time you invest.
* Move at pace; reach goals faster whilst supported on your career journey.
* Achieve it together, working collaboratively and being a Modulite.
Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.
* Perkbox - enjoy freebies and discounts on many other products and services.
* 33 days holiday (including bank holidays) & your birthday off - choose which days you take off to relax and/or spend time with loved ones.
* Learning Opportunities - on joining Modulr you will embark on our 2-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms.
* Modulr hands-on - join your colleagues for our company wide events throughout the year.
* Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in Exchange Crescent Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.
* Bike to work / E-bike scheme.
ModInclusion At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it's also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.