Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India.
We are a full-stack financial services organisation, committed to helping Indian businesses with comprehensive and innovative payment and business banking solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Over the past year, we've disbursed loans worth millions of dollars in loans to thousands of businesses. In parallel, Razorpay is reimagining how businesses manage money by simplifying business banking (via Razorpay X) and enabling capital availability for businesses (via Razorpay Capital).
Key Responsibilities:
- To check for any GMV leakages in the system by doing a regular reconciliation and work closely with the tech teams. Also, to do a day to day reconciliation of deposits and withdrawals into Nodal account.
- Bank MIS reconciliation with system data and matching of funds on daily basis.
- Co-ordinate with Banks for issues in reconciliation and payment related issues.
- Post Nodal account reconciliation on a daily basis, provide day end summary to the accounting team for passing appropriate accounting entries.
- Maintaining Nodal Account Health by keeping check on funds lying and Age analysis of the same.
- Work closely with Tech teams to understand where the daily MIS files are struck and ensure the same are ingested into the dashboard and attain a 100% reconciliation. Also, find innovative ways of automation.
- Ensuring the commissions are charged as per the agreed commercials with the banks.
- Balancing and matching of the funds at day ends. Analyze the difference occurs and treatment of the same.
- Research and solve payment discrepancies.
- Resolve invalid or unauthorized deductions by following pending deductions procedures.
- Month End Deliverables: Cost reports, Gross margin analysis,
What do we expect from you?
- Bachelor’s degree in commerce, Finance, or related fields; additional qualifications in project management or business management are advantageous
- 2-5 years of working experience in the field of Reconciliation and Merchant Settlement.
- Similar working experience in a Payment gateway/aggregator is a plus.Proficient in Microsoft Office suite of products specially MS Excel to handle large volumes of data.Motivated self-starter able to work independently with minimal supervision as well as cooperatively with others within and across functions.
Razorpay believes in and follows an equal employment opportunity policy that doesn't discriminate on gender, religion, sexual orientation, colour, nationality, age, etc. We welcome interests and applications from all groups and communities across the globe.
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Razorpay Bengaluru, Karnataka, IND Office
1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi, Bengaluru, Karnataka, India, 560030
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