Valarr.io
Website:
valarr.io
Job details:
Role Overview
We are looking for an Assistant Manager – FinOps Reconciliation to own end-to-end reconciliation across all payment and financial systems. This role is critical in ensuring transaction accuracy, settlement integrity, and strong financial controls in a high-volume FinTech environment.
Key Responsibilities
1. End-to-End Reconciliation Management
Own reconciliation across bank accounts, nodal/escrow accounts, payment gateways (Razorpay, PayU, Stripe, etc.), wallets, UPI, cards, net banking transactions, merchant settlements, and partner payouts. Ensure daily, weekly, and monthly reconciliation closure with minimal open items.
2. Transaction Matching & Break Resolution
Perform high-volume transaction-level reconciliation between internal systems and external partners. Identify and resolve breaks such as settlement delays, failed/reversed transactions, and fee mismatches. Drive root cause analysis (RCA) and ensure timely closure.
3. Settlement & Payout Validation
Validate settlement files from payment partners and ensure accuracy of MDR, fees, commissions, and T+N settlement cycles. Track receivables and payables and ensure timely closure.
4. Controls, Compliance & Audit
Strengthen reconciliation processes with robust financial controls. Ensure audit readiness for internal and external audits, and maintain proper documentation and audit trails.
5. Automation & Process Improvement
Drive automation of reconciliation processes. Work closely with Product and Tech teams to improve reconciliation tools, reduce manual intervention, and leverage SQL, Excel, and BI tools for efficiency.
6. Reporting & Stakeholder Management
Publish daily reconciliation dashboards tracking open item ageing, break resolution TAT, and settlement accuracy. Collaborate with banking partners, payment aggregators, and internal teams.
Key Requirements
Bachelor’s degree in Finance or Commerce (CA Inter / CMA preferred) with 4–7 years of experience in FinOps, Reconciliation, Payments, or FinTech. Strong understanding of payment flows (UPI, Cards, Wallets, Net Banking), settlement cycles (T+1, T+2), and escrow/nodal accounts. Hands-on experience with ERP systems and reconciliation tools. Advanced Excel skills with strong data handling capabilities.
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