The financial Settlement Analyst will be responsible for ensuring accurate and timely financial settlements, maintaining merchant account integrity, monitoring transactional activities, and supporting reconciliation processes. The role involves coordinating with banking partners, analyzing settlement data, preparing financial reports, and assisting in resolving discrepancies. The ideal candidate must be detail-oriented, analytical, and comfortable working with financial data in a fast-paced environment.
Key Responsibilities
Bank & Transaction Coordination
Coordinate with banks and financial partners regarding fund transfers, settlement status, and transaction-related queries.
Assist in negotiating costs, exchange rates, and timelines where required.
Monitoring & Reconciliation
Monitor merchant balances, settlement cycles, and chargeback activities to ensure accuracy and compliance.
Perform daily reconciliation of accounts by collecting, verifying, and analyzing financial data.
Identify and investigate discrepancies and assist in implementing corrective solutions.
Reporting & Analysis
Prepare and maintain daily, weekly, and monthly financial settlement reports.
Analyze settlement trends, variances, and performance indicators.
Provide insights to management for process improvements and risk mitigation.
Accounts & Ledger Support
Support the supervision of receivable and payable balances.
Assist in month-end closing activities and verify account accuracy in coordination with the accounting team.
Stakeholder Coordination
Collaborate with internal teams (Finance, Operations, Client Support) to ensure smooth settlement processing.
Support client deliverables by providing timely information, updates, and addressing client queries related to settlements.
Skills & Qualifications
Any graduate (Commerce background preferred).
Advanced proficiency in MS Excel (pivot tables, VLOOKUP, dashboards).
Basic understanding of accounting principles.
Knowledge of foreign currencies and cryptocurrencies is an advantage.
Strong analytical, numerical, and problem-solving skills.
Excellent communication and coordination abilities.
High attention to detail and ability to work under tight timelines.
Experience
2-3 years of experience in settlements, reconciliation, finance operations, or a similar role.
Benefits
Health insurance
Company-provided perks (as applicable)
Candidate from fintech / payments domain work experience will be preferable
Work timing : 11.00 to 8.00 (Monday to Saturday). Last saturday of the month holiday
Note: only Shortlisted candidate will receive call from us. We appreciate your understanding
We prefer candidate from Mumbai western railway area. Interview are conducted offline at malad mindspace location. Candidates with 15-30 days notice period will be given priority for interview.
Job Types: Full-time, Permanent
Pay: ₹280,000.00 - ₹400,000.00 per year
Application Question(s):
R you comfortable travelling to Malad job location everyday?
Experience:
Financial settlement analyst: 1 year (Required)
Work Location: In person
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