Director - Reconciliation Strategy

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About ZepzZepz powers two leading global remittance brands, WorldRemit and Sendwave, to build the next generation of cross-border payments. Serving over 9 million customers across 4,000 corridors, Zepz is transforming how money moves across borders by making it faster, safer and more convenient. Its innovative digital solutions are designed to break down financial barriers and expand access to better financial tools. Zepz operates across a broad global footprint, connecting the global north and south and enabling migrants to support loved ones, fuel local economies and build better futures.Come join us! Zepz.ioOur CommitmentsVelocity - We are fastOutcomes - We work for our customersIntegrity - We do the right thingAbout The RoleZepz is looking for an innovative, product-minded and mission driven leader to run our end-to-end Financial Reconciliation Team. This is a cross-functional team made up of data analysts, accountants and operations managers. Its scope reaches beyond performing traditional financial reconciliations to cover upstream partner data procurement and analysis, downstream investigations of mismatched records, and cross-org engagement to fix root causes of reconciliation breaks. This team’s core mission is to ensure that we accurately represent money owed to or from partners in our financial statements. It is the ultimate backstop to make sure Zepz is doing right by every user in paying out their funds and getting back money we’re owed to further invest in our business. It prevents losses by quickly surfacing errors in our payments processes before they compound and works cross-functionally to fix the problems.What You Will OwnScale our operations to achieve quick and accurate financial reconciliations of all payment partner activities through focus on automation, process improvement and proactive engagement of internal and external stakeholdersLead on strategic cross-functional efforts to improve our reconciliation processes and loss detection with your counterparts in finance, product and engineeringMinimize losses by obsessively tracking them, recovering funds, and resolving root causes to prevent recurrenceCollaborate closely with the Finance team to align reconciliation processes with financial reporting requirements and lead on the design, review and maintenance of relevant accounting policies and reporting mechanismsAs part of the Zepz Senior Leadership Team, you will lead a team of ~35 people across multiple teams covering a large business scope, including:Obtaining timely partner data, reformatting it and uploading it to our accounting softwarePerforming financial reconciliations of all partner accounts and transactions, with impeccable review processes and data hygieneResolving unmatched items or breaks, with regular reporting + ageing analysisIdentifying, investigating, and resolving the root causes of reconciliation issues and losses, which are often complex and technical in natureDisputing losses with external partners, and other loss recovery effortsMapping partner API responses on transactions to actions in our systemWhat You Bring To The Table10+ years experience in Finance / Operations in FinTech, financial services, payments or other high transaction volume industryQualified accountant + can demonstrate a thorough understanding of the accounting environment, including strong understanding of financial principles, accounting standards, regulatory requirements relating to payment businesses, and reconciliation methodologiesExperience regularly reviewing, analysing, and managing data and reporting mechanisms, and presenting topline summaries to senior stakeholdersExperience negotiating and working with external partners on financial mattersExperience working day-to-day with Finance and Product / Engineering teams to achieve shared objectives and outcomesYou have a proven track record of creating and developing automated solutions and processes to improve efficiencyYou have experience effectively managing teams and are comfortable in both making and managing necessary but potentially unpopular or uncomfortable decisions, such as re-orienting how your team has worked in the past or what they have owned in the pastYou have strong attention to detail yet also thrive when stepping back to drive strategic improvement across a function and wider businessYou are mission-driven, never losing sight of the impact your work has on our customers, and instill the same relentless focus within your teams.When you see that a process or roadmap doesn’t exist, isn’t working, or is breaking you dive in to proactively and comprehensively resolve it within your team and across functions that engage with your team.You are comfortable reporting to senior stakeholders, including our CFO and board, and can break down complex problems for a wide variety of audiences. You are mission-driven, never losing sight of the impact your work has on our customers, and instill the same relentless focus within your teams.Working StyleExceptional written and verbal communication, with demonstrated success working in remote environments + collaborating with Finance and Product / Engineering teamsWorld-class, ruthless prioritizer - you can quickly take a long list of priorities and stack rank them based on what’s most important to do first, and why. You are comfortable putting tasks on the back burner, so you can focus on the highest impact work - with a track record of managing teams who do the sameDevelop solutions from first principles – “what is the best way to do this” rather than defaulting to what has been done before. You don’t stop asking “why” until you understand the root cause of an issue.Results-driven and not afraid to roll up your sleeves to get things done no matter the taskComfortable working in ambiguous, fast-paced, and quickly changing contextsBonus PointsExperience with SQL / ModeFamiliarity with Payments API integrationsExperience using Autorek and / or BlacklineWhat You’ll Get From UsWe have five core benefits for our talent in the US, UK, Philippines, Poland, and South Africa. specifically:Unlimited Annual Leave: Feel free to make the most of your time off and maintain a healthy work-life balance!Private Medical Cover: You can opt-in to a Private Medical Insurance scheme. This provides you with access to thorough medical coverage, so you can feel confident in your health and well-being.Retirement: We offer pension schemes to help you plan for and secure your future.Life Assurance: Life assurance is available to give you peace of mind and protect your loved ones in case of the unexpected.Parental Leave: We offer competitive parental leave schemes to ensure you are spending as much quality time with your new bundle of joy as possible.We are also remote-first as an organisation, offering flexibility for you to work where you need to be most productive. In addition to the above, you will discover that we have a range of secondary perks (such as the cycle-to-work scheme and employee discounts) depending on your location, to help you thrive at Zepz!Why choose Zepz?Our team of over 800 employees is fully distributed across the world. We are working from coffee shops, homes, and co-working spaces — making us one of the larger fully distributed growth-stage startups in the world but we also offer workspace in our talent cluster locations - spaces we can meet, collaborate and connect.We are proud parents, community organizers, farmers, band members, yoga teachers, YouTube influencers, former Olympians, and serial entrepreneurs.We collectively speak over twenty languages, including Akuapem, Amharic, Bengali, Ewe, Fante, Ga, Igbo, Kalenjin, Luganda, Oromo, Somali, Swahili, Wolof, Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Irish, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish and Swedish.At Zepz, embodying our commitments binds us together. We are collectively passionate about striving to achieve our vision and purpose - to continue to provide the best service to our users.Ready to Apply?Applications will be reviewed on a rolling basis. If interested, please submit your resume along with a cover letter (optional), highlighting why your experience demonstrates you meet the requirements of the role. Please also indicate the countries in which you have work authorization. #J-18808-Ljbffr
Location:
United Kingdom
Job Type:
FullTime