Consultant - Financial Reconciliation

Nium India; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Nium India is seeking a finance professional to join the Financial Reconciliation Team in Mumbai. You will handle reconciliation for all Nium products, review and implement reconciliation rules, and prepare standard reports across daily to annual periods.

The role requires strong understanding of reconciliation platforms, multi-currency payments, and collaboration with Finance and Tech to ensure timely resolution of discrepancies. Flexibility with shifts and regional holidays is part of the role.

Qualifications

• 4-6 years of relevant experience in the reconciliation process.
• Good understanding of reconciliation platform nuances and reconciliation rules.
• Hands-on reconciliation experience in Payments, Cards or Wallets, multicurrency environment.
• Understanding of payment formats like SWIFT/ACH, currencies, payment gateways, and operational risk around payments.
• Experience working with Finance teams to meet accounting requirements within defined timelines.
• Identify system discrepancies and collaborate with Tech for short- and long-term solutions.
• Self-driven, proactive, and able to handle open-ended problems.
• Solution-oriented with ability to propose alternatives for problems.

Responsibilities

• Have a strong understanding of reconciliation processes across Cross Border Remittances, Card Transactions, Wallet Transactions, and related risks.
• Review, edit and/or create reconciliation rules on the reconciliation platform.
• Prepare daily/weekly/monthly/annually reports on outcomes and exceptions.
• Identify exceptions from bank statements and highlight information required for reconciliation.
• Make exceptions visible to the Operational Leadership team on a timely basis.
• Coordinate with relevant stakeholders to review and clear open items.
• Collaborate with Tech to prepare BRDs and Change Request documents.
• Work with Finance to meet output timelines.
• Rotational shift environment and flexible holiday schedule due to multi-geography operations.

Skills

Reconciliation

Reconciliation rules

Payments

Multicurrency

SWIFT/ACH

Financial coordination

Problem solving

Stakeholder communication

Job description

Job Summary

You will be part of the Financial Reconciliation Team focusing on reconciliation for all the products of Nium.

Responsibilities

• Have a strong understanding of Reconciliation processes (Cross Border Remittances, Card Transactions, Wallet Transactions), implications, risks, and controls.
• Review, edit and/or create reconciliation rules on the reconciliation platform.
• Prepare daily/weekly/monthly/annually Reports on outcomes and exceptions.
• Have a clear understanding of Bank Statements, able to identify exceptions and highlight the information required for Reconciliation.
• Make exceptions visible to the Operational Leadership team on a timely basis is very key to the success in the role.
• Coordinate with relevant stakeholders for reviewing and clearing open items.
• Work with the Tech team on preparing and finalizing the Business Requirement Documents and the Change Request documents
• Work with the Finance team to meet requirements on both output strict timelines.
• This role will require you to work in a rotational shift environment. Also, given Nium operates across multiple geographies there are no fixed holidays, and we follow a flexible holiday schedule.

Requirements

• 4-6 years of relevant experience in the reconciliation process.
• Good understanding of the nuances of a Reconciliation Platform and of the Reconciliation rules
• Strong hands-on reconciliation experience in Payments or Cards or Wallets or all in a multicurrency environment
• Good understanding of payment formats like SWIFT/ACH, currencies, payment gateways, operational risk around payments.
• Worked with Finance teams to meet their accounting requirements within defined timelines.
• Identify system discrepancies and work with the Tech team for short- long-term solutions.
• Self-driven and a go getter who is comfortable in dealing with open ended problems.
• Is solution oriented and can come up with solution options for problem statements.