Background information about the job or company (e.g., role context, company overview)

Cellulant is a digital payments business. We run an ecosystem of consumers, merchants and banks in which we facilitate payments and build value through the value-added services we layer on top. In building this ecosystem we serve different types of customers with different products, in a range that includes mobile banking products, mobile credit products, US...

Responsibilities or duties

Manage Reconciliations Across Cadence:

• Take full ownership of daily, weekly, and monthly reconciliations to ensure every financial transaction is accurately recorded and matched against the business’s cashflow and ledger entries.
• Validate the cash position of the business at each cadence, ensuring completeness and transparency in financial reporting.
• Collaborate with relevant teams to ensure all discrepancies identified during reconciliations are addressed in a timely and effective manner.
• Prepare detailed management reports on the status of reconciliations, highlighting trends, anomalies, and actionable recommendations to improve financial accuracy and visibility.

Maintain Knowledge of Reconciliation Procedures:

• Develop a deep understanding of reconciliation procedures, associated risks, systems, and workflows to ensure all processes are executed efficiently.
• Act as the subject matter expert on reconciliation, providing guidance and insight to team members and stakeholders on resolving queries and optimizing processes.
• Continuously update your knowledge of evolving reconciliation technologies and practices to ensure the department remains at the forefront of efficiency and accuracy.

Perform Audits and Ensure Adherence to Procedures:

• Conduct regular audits of reconciliation processes as directed by the Senior Manager: Reconciliation to ensure compliance with established procedures and identify gaps that could compromise accuracy.
• Analyze findings from reconciliation audits to recommend and implement improvements to processes, systems, or controls.
• Actively monitor high-risk or high-value reconciliation items to mitigate financial exposure and ensure that long-outstanding exceptions are resolved promptly.
• Implement corrective measures for any deficiencies uncovered during audits and track their resolution to closure.

Monitor Account Activity for Anomalies:

• Proactively monitor all accounts to detect unusual activity or anomalies that could signal discrepancies or risks in the reconciliation process.
• Investigate any identified anomalies and escalate significant issues for immediate resolution, ensuring no impact on business operations.
• Collaborate with risk and compliance teams to assess the root cause of anomalies and implement preventative strategies to avoid future occurrences.

Manage Exceptions in Reconciliation:

• Take responsibility for tracking and resolving exceptions in the reconciliation process, ensuring that discrepancies are thoroughly analyzed and corrective actions are implemented.
• Establish clear communication channels with relevant teams, including operations, finance, and technology, to expedite the resolution of disputed items or mismatched transactions.
• Develop exception tracking reports to provide visibility into unresolved issues and follow up consistently to ensure exceptions are resolved within agreed timelines.

Resolve Escalated Queries Promptly:

• Act as the escalation point for complex or high-impact reconciliation issues, ensuring all queries are addressed swiftly and effectively.
• Liaise with stakeholders across departments to clarify concerns, mitigate risks, and guarantee adherence to financial policies.
• Communicate resolution outcomes to stakeholders and maintain accurate records of escalated issues and their resolutions for future reference.

Process Improvement and Optimization:

• Evaluate existing reconciliation processes for inefficiencies and recommend improvements to enhance the speed, accuracy, and reliability of financial reporting.
• Work with the technology team to automate repetitive reconciliation tasks and integrate innovative tools to improve process workflows.
• Implement best practices in reconciliation and educate team members on strategies to reduce errors and improve efficiency.

Reporting and Analytics:

• Utilize analytics tools like Power BI to generate reports that provide insights into reconciliation performance, trends, and areas requiring attention.
• Present findings and actionable insights to management and senior leadership to guide strategic decisions related to financial operations.
• Maintain dashboards to visually track reconciliation progress, anomalies, and outstanding items for improved transparency and accountability.

Collaboration and Stakeholder Engagement:

• Build strong working relationships with cross-functional teams, including finance, operations, and technology, to ensure alignment and collaboration in reconciliation processes.
• Actively communicate reconciliation updates and findings to stakeholders to keep them informed and engaged in improving processes.
• Provide training and support to stakeholders on reconciliation procedures and systems to ensure consistency across all functions.

Risk Management:

• Identify risks associated with reconciliation processes and develop strategies to mitigate potential impacts on financial reporting and business operations.
• Ensure compliance with regulatory standards and company policies in all reconciliation tasks, reducing exposure to audit findings or penalties.
• Conduct regular reviews of controls in reconciliation processes to ensure risks are adequately addressed and managed.

Professional Development:

• Stay current with industry trends and advancements in reconciliation
• Pursue continuous professional development opportunities to enhance skills and knowledge.

Qualifications or requirements (e.g., education, skills)

What we are looking for:

• At least 3 years experience in accounting with 2-3 years’ experience managing reconciliation within a financial institution (preferably a bank) and a thorough understanding of digital payment services, processes, and procedures.
• Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem, as well as an understanding of the risks associated with managing transactions in multiple jurisdictions.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Proficiency in reconciliation software and tools.
• Experience in the financial services industry is highly desirable.
• Bachelor’s Degree in Finance/ Accounting or related field.
• Experience in the financial services or payment industry is highly desirable.

• Take full ownership of daily, weekly, and monthly reconciliations to ensure every financial transaction is accurately recorded and matched against the business’s cashflow and ledger entries.
• Validate the cash position of the business at each cadence, ensuring completeness and transparency in financial reporting.
• Collaborate with relevant teams to ensure all discrepancies identified during reconciliations are addressed in a timely and effective manner.
• Prepare detailed management reports on the status of reconciliations, highlighting trends, anomalies, and actionable recommendations to improve financial accuracy and visibility.
• Develop a deep understanding of reconciliation procedures, associated risks, systems, and workflows to ensure all processes are executed efficiently.
• Act as the subject matter expert on reconciliation, providing guidance and insight to team members and stakeholders on resolving queries and optimizing processes.
• Continuously update your knowledge of evolving reconciliation technologies and practices to ensure the department remains at the forefront of efficiency and accuracy.
• Conduct regular audits of reconciliation processes as directed by the Senior Manager: Reconciliation to ensure compliance with established procedures and identify gaps that could compromise accuracy.
• Analyze findings from reconciliation audits to recommend and implement improvements to processes, systems, or controls.
• Actively monitor high-risk or high-value reconciliation items to mitigate financial exposure and ensure that long-outstanding exceptions are resolved promptly.
• Implement corrective measures for any deficiencies uncovered during audits and track their resolution to closure.
• Proactively monitor all accounts to detect unusual activity or anomalies that could signal discrepancies or risks in the reconciliation process.
• Investigate any identified anomalies and escalate significant issues for immediate resolution, ensuring no impact on business operations.
• Collaborate with risk and compliance teams to assess the root cause of anomalies and implement preventative strategies to avoid future occurrences.
• Take responsibility for tracking and resolving exceptions in the reconciliation process, ensuring that discrepancies are thoroughly analyzed and corrective actions are implemented.
• Establish clear communication channels with relevant teams, including operations, finance, and technology, to expedite the resolution of disputed items or mismatched transactions.
• Develop exception tracking reports to provide visibility into unresolved issues and follow up consistently to ensure exceptions are resolved within agreed timelines.
• Act as the escalation point for complex or high-impact reconciliation issues, ensuring all queries are addressed swiftly and effectively.
• Liaise with stakeholders across departments to clarify concerns, mitigate risks, and guarantee adherence to financial policies.
• Communicate resolution outcomes to stakeholders and maintain accurate records of escalated issues and their resolutions for future reference.
• Evaluate existing reconciliation processes for inefficiencies and recommend improvements to enhance the speed, accuracy, and reliability of financial reporting.
• Work with the technology team to automate repetitive reconciliation tasks and integrate innovative tools to improve process workflows.
• Implement best practices in reconciliation and educate team members on strategies to reduce errors and improve efficiency.
• Utilize analytics tools like Power BI to generate reports that provide insights into reconciliation performance, trends, and areas requiring attention.
• Present findings and actionable insights to management and senior leadership to guide strategic decisions related to financial operations.
• Maintain dashboards to visually track reconciliation progress, anomalies, and outstanding items for improved transparency and accountability.
• Build strong working relationships with cross-functional teams, including finance, operations, and technology, to ensure alignment and collaboration in reconciliation processes.
• Actively communicate reconciliation updates and findings to stakeholders to keep them informed and engaged in improving processes.
• Provide training and support to stakeholders on reconciliation procedures and systems to ensure consistency across all functions.
• Identify risks associated with reconciliation processes and develop strategies to mitigate potential impacts on financial reporting and business operations.
• Ensure compliance with regulatory standards and company policies in all reconciliation tasks, reducing exposure to audit findings or penalties.
• Conduct regular reviews of controls in reconciliation processes to ensure risks are adequately addressed and managed.
• Stay current with industry trends and advancements in reconciliation
• Pursue continuous professional development opportunities to enhance skills and knowledge.

• Strong analytical and problem-solving skills
• Ability to interpret complex financial data
• Proficiency in reconciliation software and tools
• Knowledge of the foreign exchange market
• Knowledge of digital payment services, processes, and procedures
• Knowledge of regulatory and compliance requirements in the financial industry

• At least 3 years experience in accounting
• 2-3 years’ experience managing reconciliation within a financial institution (preferably a bank)
• Thorough understanding of digital payment services, processes, and procedures
• Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem
• Understanding of the risks associated with managing transactions in multiple jurisdictions
• Strong analytical and problem-solving skills
• Ability to interpret complex financial data
• Knowledge of regulatory and compliance requirements in the financial industry
• Proficiency in reconciliation software and tools
• Experience in the financial services industry is highly desirable
• Bachelor’s Degree in Finance/ Accounting or related field
• Experience in the financial services or payment industry is highly desirable