Payments Coordinator

JR United Kingdom; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player in bridging finance seeks a detail-oriented Payments Coordinator to enhance their finance team. In this pivotal role, you will manage payment processing, ensuring timely transactions for clients and vendors while maintaining compliance with financial regulations. Your keen attention to detail and strong communication skills will be crucial as you collaborate across departments to streamline processes and improve workflows. This opportunity promises a dynamic work environment where your contributions will directly impact financial operations and client satisfaction.

Qualifications

• 1-3 years of experience in payment processing or finance.
• Strong understanding of payment systems and reconciliation.

Responsibilities

• Oversee accurate processing of all payments including wire transfers and ACH payments.
• Perform regular reconciliation of payment records and resolve discrepancies.

Skills

Communication Skills

Attention to Detail

Payment Processing

Financial Regulations Knowledge

Time Management

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Business Administration

Tools

Accounting Software

Microsoft Excel

Job description

Social network you want to login/join with:

We are working with a leading independent bridging finance provider based in the United Kingdom.

We are seeking a detail-oriented and organised Payments Coordinator to join the finance team. The Payments Coordinator will be responsible for managing and coordinating the efficient processing of payments, ensuring accurate and timely transactions for our clients, vendors, and internal stakeholders.

The ideal candidate will have strong communication skills, excellent attention to detail, and the ability to handle sensitive financial data with discretion

Key Responsibilities:

• Payment Processing: Oversee the accurate and timely processing of all incoming and outgoing payments, including but not limited to wire transfers, ACH payments, credit card transactions, and vendor disbursements.
• Reconciliation: Perform regular reconciliation of payment records, ensuring that all transactions are correctly reflected in the company's financial system and identify any discrepancies or issues.
• Record Keeping: Maintain and update payment records, ensuring all documentation is accurate, complete, and in compliance with company policies and regulatory requirements.
• Client and Vendor Communication: Serve as a point of contact for clients, vendors, and internal teams regarding payment inquiries, issues, and status updates.
• Reporting: Prepare reports on payment activities, trends, and performance metrics for internal stakeholders to ensure timely cash flow management and financial planning.
• Process Improvement: Assist in identifying opportunities to improve payment processing workflows, increase efficiency, and streamline systems to reduce errors and delays.
• Compliance: Ensure adherence to all internal controls and external regulatory requirements related to payment processing, including KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
• Cross-Department Collaboration: Work closely with other departments, such as accounting, operations, and customer service, to address any payment-related concerns or issues

Role Requirements:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (preferred but not essential).
• Proven experience (1-3 years) in payment processing or a similar role in a finance or banking environment.
• Strong understanding of payment systems, financial transactions, and reconciliation procedures.
• Proficiency with accounting software and Microsoft Office, particularly Excel.
• Excellent attention to detail with a high degree of accuracy.
• Strong communication and interpersonal skills, both written and verbal.
• Ability to prioritize tasks and manage time effectively in a fast-paced environment.
• Knowledge of financial regulations and compliance requirements (preferred).
• Ability to handle sensitive financial data with integrity and discretion