Reconciliation Specialist

Unity Small Finance Bank; Navi Mumbai; On-site; INR 700,000 - 1,200,000; Full time

Job summary

Unity Small Finance Bank is seeking a skilled Reconciliation Specialist in Navi Mumbai to manage reconciliation across client and general/transit accounts. You will handle RuPay, NEFT, IMPS, UPI, RTGS, and card payments, ensuring precise transaction matching and timely issue resolution.

The role requires 5+ years in reconciliation or banking operations, strong chart of accounts knowledge, and proficiency with reconciliation software. Collaboration with finance, operations, and IT is essential.

Qualifications

• Bachelor's degree in Finance, Accounting, Banking, or a related field.
• 5+ years of experience in financial reconciliation, banking operations, or transaction processing.
• Strong knowledge of chart of accounts and reconciliation processes.
• Experience working with payment networks such as RuPay, NEFT, IMPS, UPI, RTGS, and credit card payments.

Responsibilities

• Perform daily, weekly, and monthly reconciliation of client accounts with general and transit accounts.
• Ensure accurate matching of financial transactions and resolve discrepancies in a timely manner.
• Work closely with finance, operations, and IT teams to optimize reconciliation processes.
• Develop and maintain reconciliation reports to track transaction mismatches and outstanding items.
• Investigate and elevate issues related to unprocessed transactions, chargebacks, and failed settlements.
• Maintain compliance with financial regulations and internal controls.
• Support audits and provide necessary reports related to reconciliation processes.
• Collaborate with payment processing partners to ensure seamless transaction flows and settlements.

Skills

Reconciliation expertise

Analytical skills

Cross-functional collaboration

Financial reporting software

Education

Bachelor's degree in Finance/Accounting

Tools

Reconciliation software

Job description

Job Summary:

We are seeking a highly skilled Reconciliation Specialist to join our team. The ideal candidate will have a deep understanding of chart of accounts, reconciliation processes between client accounts and general/transit accounts, and a strong grasp of financial transaction workflows. The role requires expertise in handling reconciliation for various payment methods, including RuPay, NEFT, IMPS, UPI, RTGS, credit card payments, and transfers.

Key Responsibilities:

• Perform daily, weekly, and monthly reconciliation of client accounts with general and transit accounts.
• Ensure accurate matching of financial transactions and resolve discrepancies in a timely manner.
• Work closely with finance, operations, and IT teams to optimize reconciliation processes.
• Develop and maintain reconciliation reports to track transaction mismatches and outstanding items.
• Investigate and elevate issues related to unprocessed transactions, chargebacks, and failed settlements.
• Maintain compliance with financial regulations and internal controls.
• Support audits and provide necessary reports related to reconciliation processes.
• Collaborate with payment processing partners to ensure seamless transaction flows and settlements.

Required Skills & Qualifications:

• Bachelor's degree in Finance, Accounting, Banking, or a related field.
• 5+ years of experience in financial reconciliation, banking operations, or transaction processing.
• Strong knowledge of chart of accounts and reconciliation processes.
• Experience working with payment networks such as RuPay, NEFT, IMPS, UPI, RTGS, and credit card payments.
• Proficiency in financial reporting tools and reconciliation software.
• Strong analytical and problem-solving skills to identify and resolve mismatches efficiently.
• Excellent communication and collaboration skills to work with cross-functional teams.
• Detail-oriented with a high level of accuracy and accountability.