Reconciliation Analyst

Job Overview:

Handle End-to-End card transaction and payment reconciliation based on the reports generated through respective schemes (Mastercard, Visa, RuPay). Should also monitor exceptions and discrepancies and seek necessary clarifications as and when required with in SLA and timelines.

Key Responsibilities:

• Able to work in 24X7 shift-based environment, and support implementations & scheduled releases (whenever required to do so).
• Should have good working knowledge on banking procedures related to card transactions.
• Ability to identify different use-cases and exceptions in reconciliation function.
• Flexible with Microsoft Office Suite including advanced excel techniques.
• Organize and manage multiple tasks simultaneously and facilitate effective discussions.
• Perform daily, weekly and monthly reconciliations on card transactions and account balance based on scheme reports and internal reporting systems.
• Expertise on interchange settlement function and clearing file of various scheme like RuPay, VISA, Mastercard, etc and able to reconcile Nostro accounts.
• Proficient in analysing reports, conduct investigations and highlight discrepancies.
• Monitor all regular system reports to ensure reconciliations are correct and bank transfers to detect irregularities.
• Monitor and report on reconciliation trends and patterns, proactively identifying potential risks and suggesting process improvements.
• Ability to work independently on reconciliation activities with minimal supervision.
• Collaborate effectively with other team members and departments to achieve team goals and objectives.

Qualifications and Experience:

• Education: Degree/Diploma any domain
• Experience: 3-4 years experience in Banking /financial sector/any relevant domains is a must.

Key Skills:

• Excellent verbal and written communication skills for interacting with internal and external stakeholders. Excellent verbal and written communication skills for interacting with internal teams and external partners.
• Strong customer service skills to handle inquiries and resolve issues professionally.
• Understanding of relevant laws and regulations governing financial transactions and reconciliations.
• Proficiency in managing large volumes of data accurately and efficiently.
• Ability to prepare detailed reconciliation reports and maintain accurate documentation.
• Strong ability to analyse financial data and reconcile transactions.
• Solid understanding of banking accounting principles and financial reconciliation processes.
• Strong troubleshooting skills to resolve discrepancies and reconciliation issues.