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Senior Settlements Reconciliation and Accounting Analyst

Paysafe

Paysafe

IT, Accounting & Finance
Sofia, Bulgaria
Posted on Monday, November 20, 2023

Paysafe (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of over $130 billion in 2022, and approximately 3,300 employees located in 12+ countries, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.

Further information is available at www.paysafe.com.

Senior Settlements Reconciliation and Accounting Analyst will be responsible for the operational accounting processes and reconciliations including in-depth and detailed analysis of system financial operational information related to Paysafe Acquiring credit card processing business under the Acquiring Controllership team. This position works in close partnership with the Acquiring bank reconciliation teams, Operational, Payments, Collections teams, and Banking and Management accounting teams to ensure that all operational accounting and reconciliation processes are managed in a timely and compliant manner to ensure accuracy and completeness of financial data.

What to Expect:

  • Perform reconciliation of acquiring transactions, ensuring consistency and accuracy between operational merchant activity represented in the system and the accounting and reconciliation financial data.
  • Identify and investigate discrepancies, variances, or anomalies in accounting and reconciliation data and promptly resolve any issues to maintain data integrity between accounting and operational systems.
  • Responsible for detailed monthly in-depth analysis of operational system data to map to General Ledger (GL) journal entries after the reconciliations are completed.
  • Learn, develop, and maintain up to date detailed in-depth knowledge of operating system data transaction types, posting methods, foreign exchange data management, for VISA/Mastercard credit card processing transactions, chargebacks, merchant payments, fee postings and other related merchant financial activity, understand relationship with accounting data to become subject matter expert.
  • Collaborate with cross-functional teams including operations and bank reconciliation teams to gather necessary information and address reconciliation discrepancies.
  • Build and maintain strong working relationships with third party system manager to ensure timely receipt of accurate data and resolve any data discrepancies.
  • Prepare comprehensive reconciliation reports and summaries, highlighting findings and suggesting corrective actions when necessary.
  • Assist in the development and implementation of process improvements to enhance the efficiency and accuracy of the accounting and reconciliation processes.
  • Undertake any other tasks and duties required under accounting and reconciliation processes.
  • Participate in project work as required.
  • Stay updated with industry trends, regulatory changes, and best practices related to acquiring and accounting entries and reconciliation processes.

Your Profile:

  • Comprehensive experience with complex and different types of operations, reports, systems, and processes and controls.
  • Strong analytical, technical data skills, attention to detail and ability to manage, manipulate and analyze large volumes of detailed complex data, by summarizing in an effective manner with a high level of accuracy and understanding inter-relationship between operational data, accounting entries and related reconciliations.
  • Proficiency in decision-making and problem-solving, with a demonstrated ability to analyze information and predict outcomes to arrive at optimal solutions.
  • Learning ability and enthusiasm for acquiring new skills, particularly in dealing with complex numerical data, systems, and reports.
  • Excellent communication skills both oral and written.
  • Honesty and discretion when handling confidential financial information.
  • Intermediate to advanced proficiency in Excel, with experience in VBA/Macro programming considered a distinct advantage.
  • Bachelor’s degree in accounting or a related field with experience in complex analysis and reconciliation, or a minimum of 5 years of experience in a comparable domain.

We offer in return:

  • The opportunity to write the history of a leading and growing multinational company
  • Tailor-made training and ongoing development to help you enhance your skills in the field of online payments
  • Multiple career progression opportunities in a dynamic in-house business
  • Environment where product expertise, professional and personal commitment are rewarded
  • Competitive remuneration and social benefits package (25 days annual paid leave, health insurance, sports card, team events, company discounts, variety of soft skills, business and technical training programs)
  • Fun and collaborative working atmosphere
  • Flexible working model - we encourage our employees to embrace our flexible working approach. You will be expected to work from home and spend an average of three days a week at our Sofia office as part of our hybrid work model

Are you ready to take your career to the next level?

Send your CV in English.

Only shortlisted candidates will be contacted.

Equal Employment Opportunity

Paysafe provides equal employment opportunities to all employees, and applicants for employment, and prohibits discrimination of any type with regard to ethnicity, religion, age, sex, national origin, disability status, sexual orientation, gender identity or expression, or any other protected characteristics. This policy applies to all terms and conditions of recruitment and employment. If you need any reasonable adjustments, please let us know. We will be happy to help and look forward to hearing from you.