Senior Associate

6 days ago

Bengaluru, Karnataka, India Pine Labs Full time

Who we are
A melting pot of culture, talent, experience, and diversity. That's what we are Pine Labs is one happy union of go-getters who are marching towards our ambition to emerge as a world-class fintech organisation. The company is run by a highly experienced management team, led by several industry veterans including CEO Amrish Rau. Under Amrish, Pine Labs has transformed itself from being regarded as just a point-of-sale payment service provider to a full-stack digital payments company serving the offline and online needs of its merchant and enterprise partners. Incorporated in Singapore, the key investors of Pine Labs include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard. To know more, please visit

Job summary:
We are seeking a highly motivated and organized individual to join the Fave FinOps Settlement team for managing daily settlement and recon process. In this role, Candidate will be responsible for managing the entire process of Settlement and Recon for merchant transactions between various Associations like Master, Visa, Aggregator, reseller, Market · Perform daily financial transactions like verifying, calculating, reconciling and settling transactions · Reconcile payments towards funds receivable and payables · Reconcile clearing file and highlight issues with corrective action · Follow-up with partners for payment receivable & payables proactively · Ensure payouts are as per RBI guidelines and within allowed TAT · Respond and resolve settlement disputes raised by partner · Create and implement SOPs for settlement, reconciliation and month-end processes · Analyze and report any non-compliant/suspect transactions · Assist in developing technology solutions for enabling better reconciliations & settlements

We are looking for someone who:

  • Minimum 1 year experience in reconciling daily settlement records for a fintech company handling at least 1,000 transactions per day
  • Must know how the reconciliation-settlements work for payments and be able to hit the ground running from day-1
  • Ability to identify errors for charges calculated, funds receivable and payable
  • Ability to work towards deadlines while coordinating with internal and external stakeholders
  • Ability to work with external partners to resolve settlement disputes, funds payable and receivable
  • High level of attention to financial details
  • Good verbal communication skills
  • Aspiration to take on more responsibility by working in a fast growing firm

Why should you join Pine Labs?

  • Leading position in Payments has allowed us to build multiple businesses on our existing rails and consistently demonstrate growth. We would love to partner with HR leaders who are passionate about enabling a sustained high growth environment and are not afraid of a 'near' blank canvas.

  • We offer a culture of care & respect for others in an environment of accelerated technology innovation. A work culture where maniacal focus & speed doesn't come at the cost of integrity or employee well-being

  • We are laying the foundation for digitization of Indian merchants. Join hands as we build the next generation commerce platform for Indian & SE Asian merchants.

What drives us at work?

"Every day is a Game Day : We give it all, We play fair, We are not just Playing to win. We are playing

to be Champions of our field"

Location: Bangalore

Come, let us together drive the fintech revolution in India and across the world

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