CRED - payout & settlement analyst

2 weeks ago

Bengaluru, Karnataka, India cred Full time ₹ 9,00,000 - ₹ 12,00,000 per year
Job Description

: Payout & Settlement Analyst

Location: Bengaluru
Department: Corporate and Business Strategy Finance
Employment Type: Full Time
Work Style: On-site

CRED is an exclusive community for Indias most trustworthy and creditworthy individuals, where the members are rewarded for good financial behavior.

CRED was born out of a need to bring back the focus on a long lost virtue, one of trust, the idea being to create a community centered around this virtue. A community that constantly strives to become more virtuous in this regard till they finally scale their behavior to create a utopia where being trustworthy is the norm and not the exception. To build a community like this requires a community of its own; a community special in its own way, working towards making this vision come true.

Heres a thought experiment: what do you get when you put a group of incredibly passionate and driven people and entrust them with the complete freedom to chase down their goals in a completely uninhibited manner? Answer: you get something close to what we have at CRED; CRED just has it better. Heres what will be in store for you at CRED once you join the payment operations team.

What Will You Do?
  • Track and monitor merchants, PGs and bank receivables and payables.
  • Conduct thorough validation checks to ensure accuracy and completeness of data before processing payouts, minimizing errors and delays.
  • Work with business, product & tech teams to ensure timely disbursements of funds to merchants/partners/vendors.
  • Work closely with the reconciliation team to identify and resolve transaction exceptions.
  • Collaborate with cross-functional teams, including finance, reconciliation and operations, to optimize payout process.
  • Manage relationships with external stakeholders like merchants, payment gateways, banks & aggregators.
  • Proactively identify and investigate any anomalies or discrepancies in payout transactions, resolving issues promptly to prevent financial discrepancies.
  • Continuously evaluate and improve payout processes to enhance efficiency and streamline operations.
  • Develop comprehensive SOP and maintain transaction records for audit and compliance purposes.
  • Manage invoicing process for merchants/vendors as part of payout process.
You Should Apply If You Have:
  • 2-3 years of experience in PG settlements, merchant payments, fund management.
  • Adept with MS Excel, Word, PowerPoint, and similar tools.
  • Advanced analytical and problem-solving skills.
  • Keen attention to detail.

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