Acquiring and Cash Management Specialist
2 weeks ago
Job Summary
The PayTech Group is seeking a highly skilled Acquiring and Cash Management Specialist to join its team. In this role, you will be responsible for optimizing processes within the Acquiring & Cash Management team.
Key Responsibilities:
- Conduct thorough analysis of merchant onboarding, transaction processing, reconciliation, and settlements to identify inefficiencies.
- Streamline operational workflows between acquiring, risk, compliance, and finance teams.
- Implement automation opportunities in merchant servicing, reporting, and reconciliation.
- Develop dashboards and KPIs to monitor operational effectiveness.
Process Optimization:
- Optimize operational workflows to reduce errors and improve efficiency.
- Streamline communication between teams to enhance collaboration.
- Develop and implement effective quality control processes.
Process Re-engineering:
- Redesign the merchant underwriting process to enhance risk assessment while improving approval speed.
- Improve integration processes for merchants with the banks acquiring platform (e.g., APIs, payment gateways).
- Re-engineer merchant payout processes to ensure faster, error-free settlements.
- Review and refine fee structures and billing processes for transparency and efficiency.
- Implement enhanced risk monitoring tools for fraud detection and compliance adherence.
Implementation of New Initiatives:
- Lead the rollout of new payment solutions, such as soft POS, QR-based payments, or alternative acquiring models.
- Support the launch of self-service digital platforms for merchant onboarding and servicing.
- Work with technology teams to enhance system capabilities for improved merchant experience.
- Develop training and operational manuals for new processes and initiatives.
- Assist in compliance and regulatory changes impacting acquiring and cash management.
Requirements:
- 10+ years of experience in merchant acquiring, payments, cash management, or process optimization roles in banking or fintech.
- Strong understanding of payment processing, merchant acquiring models, settlement cycles, and reconciliation.
- Experience with Lean, Six Sigma, or other process optimization methodologies.
- Knowledge of compliance requirements (e.g., AML, KYC, PCI-DSS).
- Ability to lead and execute initiatives independently.
- Strong analytical thinking and data-driven decision-making skills.
- Excellent collaboration and communication skills.
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