Settlement Senior Associate

Deskripsi pekerjaan

Daily Settlement Payment In and Payment Out Transaction 

• Conduct rigorous reconciliation between bank statements (actual funds received) and internal transaction logs to ensure 100% data integrity before fund release. 
• Calculate and settle accurate margins, Merchant Discount Rates (MDR), and applicable fees for each merchant account balance. 
• Prepare, validate, and upload bulk payment files to initiate transfers to merchant bank accounts or internal balances according to specific settlement cycles 
• Guarantee that all fund distributions adhere to the Service Level Agreements (SLA) defined for each payment method (VA, E-Wallet, QRIS, Retail). 
• Verify and ensure that settlement transactions are executed to the correct destination account in accordance with the registered settlement destination. 

Cash Flow and fund Management 

• Conduct liquidity monitoring of account balances across multiple bank channels to ensure adequate liquidity for daily outbound disbursements 
• Identify potential funding gaps and collaborate with the Treasury team to execute inter-account transfers, mitigating the risk of settlement failures. 

Stakeholder Management & Issue Resolution 

• Liaise with internal departments and external stakeholders to ensure smooth financial operations and resolve escalated issues. 
• Monitor the full transaction lifecycle, including inbound payments and disbursements, to identify and resolve anomalies promptly 

Process Optimization 

• Analyze the current settlement workflow to find manual pain points and propose automation or better Excel macros/SQL scripts to the Lead 

Procedure Administration and Governance 

• Author and maintain the Standard Operating Procedures (SOPs) for all special ops activities and ensure it is updated 

Tanggung jawab

Daily Settlement Payment In and Payment Out Transaction 

• Conduct rigorous reconciliation between bank statements (actual funds received) and internal transaction logs to ensure 100% data integrity before fund release. 
• Calculate and settle accurate margins, Merchant Discount Rates (MDR), and applicable fees for each merchant account balance. 
• Prepare, validate, and upload bulk payment files to initiate transfers to merchant bank accounts or internal balances according to specific settlement cycles 
• Guarantee that all fund distributions adhere to the Service Level Agreements (SLA) defined for each payment method (VA, E-Wallet, QRIS, Retail). 
• Verify and ensure that settlement transactions are executed to the correct destination account in accordance with the registered settlement destination. 

Cash Flow and fund Management 

• Conduct liquidity monitoring of account balances across multiple bank channels to ensure adequate liquidity for daily outbound disbursements 
• Identify potential funding gaps and collaborate with the Treasury team to execute inter-account transfers, mitigating the risk of settlement failures. 

Stakeholder Management & Issue Resolution 

• Liaise with internal departments and external stakeholders to ensure smooth financial operations and resolve escalated issues. 
• Monitor the full transaction lifecycle, including inbound payments and disbursements, to identify and resolve anomalies promptly 

Process Optimization 

• Analyze the current settlement workflow to find manual pain points and propose automation or better Excel macros/SQL scripts to the Lead 

Procedure Administration and Governance 

• Author and maintain the Standard Operating Procedures (SOPs) for all special ops activities and ensure it is updated 

Kualifikasi

• 3–5 years of experience in corporate operations, corporate banking, or financial operations in fintech or bank 
• Hands-on experience with bank reconciliation, cash management, and payment processing 
• Extremely meticulous and process-driven — able to spot discrepancies in large data sets and flag issues proactively 
• High sense of urgency — comfortable operating at a fast pace with tight daily deadlines 
• Proficient in Excel / Google Sheets for reporting and data management 
• Strong written communication skills — able to write clear, structured SOPs and reports 
• Comfortable working in a startup/scaleup environment with evolving processes 
• Willing to follow shifting working arrangement