Location:
Pasig city, National Capital Region
Contract Type:
Full Time
Experience Required:
2 years
Education Level:
Bachelor’s Degree
Job Description
About Traxion Tech: Traxion Tech is a leading fintech company in the Philippines, committed to revolutionizing digital financial transactions. We issue digital wallets and provide seamless solutions for debit card transactions through partnerships with major card schemes like MasterCard and Visa, as well as local interbank network BancNet via Instapay. We are passionate about financial inclusion and innovation, offering our users convenient and secure ways to manage their finances.
Job Summary: The Reconciliation Analyst will play a critical role in ensuring the accuracy and integrity of all financial transactions within Traxion Tech's digital wallet ecosystem. This individual will be responsible for daily, weekly, and monthly reconciliation activities across various payment channels, including MasterCard, Visa, and BancNet (Instapay). The ideal candidate will possess a keen eye for detail, strong analytical skills, and the ability to identify, investigate, and resolve discrepancies efficiently, with a particular focus on financial adjustments related to digital wallets.
Key Responsibilities:
-Perform Cash Teller Machine (CTM) transactional reconciliations against reports of dispute from clients initiated transactions.
-Investigate and resolve discrepancies identified during the reconciliation process, including missing transactions, unmatched items, and incorrect postings.
-Analyze transaction data to identify trends, potential issues, and areas for process improvement.
-Process and manage financial adjustments related to digital wallets, including but not limited to chargebacks, refunds, settlements, and dispute resolutions.
-Collaborate with internal teams (e.g., Customer Service, Operations, IT, Finance) to address and resolve reconciliation-related issues promptly.
-Prepare and maintain detailed reconciliation reports, documenting all findings, adjustments, and resolutions.
-Assist in the development and implementation of new reconciliation processes and procedures to enhance efficiency and accuracy.
-Ensure compliance with all relevant financial regulations and company policies.
-Participate in month-end and year-end closing activities related to financial reconciliation.
-Proactively identify and escalate any significant discrepancies or potential risks to management.
Qualifications:
-Bachelor's degree in a relevant field (see recommendations below).
-Proven experience (1-3 years) in a reconciliation or financial analysis role, preferably within the fintech, banking, or payments industry.
-Solid understanding of debit card schemes (MasterCard/Visa) and interbank networks (BancNet/Instapay) transaction flows.
-Strong analytical and problem-solving skills with a meticulous attention to detail.
-Proficiency in Microsoft Excel (VLOOKUP, pivot tables, data analysis) is essential.
-Familiarity with accounting principles and financial reporting.
-Excellent communication skills, both written and verbal, with the ability to explain complex financial concepts clearly.
-Ability to work independently and as part of a team in a fast-paced environment.
-Experience with financial systems or reconciliation software is a plus.
-Knowledge of SQL or other data query languages is an advantage.
Why Join Traxion Tech?
-Be part of a dynamic and innovative fintech company at the forefront of digital transformation in the Philippines.
-Opportunity to make a significant impact on our financial operations and customer experience.
-Collaborative and supportive work environment.
-Competitive salary and benefits package.
-Opportunities for professional growth and development.
Collegiate Course Background Recommendations:
For a Reconciliation Analyst role, especially one that handles financial adjustments of wallets within a fintech company dealing with card schemes and Instapay, the following collegiate course backgrounds are highly recommended:
Accountancy / Bachelor of Science in Accountancy (BSA):
Why: This is the most direct and highly recommended course. BSA graduates have a strong foundation in financial accounting, managerial accounting, auditing, taxation, and financial reporting. They are trained to understand the flow of money, debits/credits, ledger entries, and financial statements, which are all crucial for reconciliation and financial adjustments. Their understanding of internal controls and auditing principles is also invaluable for identifying and mitigating risks.
Financial Management / Bachelor of Science in Business Administration Major in Financial Management:
Why: While broader than accountancy, this course provides a solid understanding of financial markets, corporate finance, investments, and risk management. Graduates learn about financial analysis, budgeting, and financial decision-making, which are all relevant to understanding the impact of transactions and making appropriate adjustments. They often have good analytical skills that can be applied to large datasets.
Management Accounting / Bachelor of Science in Management Accounting (BSMA):
Why: This specialization within accounting focuses on the use of accounting information for internal decision-making and control. BSMA graduates are adept at cost analysis, performance measurement, and budgeting, which can be beneficial in understanding the operational aspects of financial transactions and the impact of discrepancies.
Information Technology (with a strong minor/electives in Finance or Accounting) / Bachelor of Science in Information Technology / Computer Science:
Why: Given that Traxion Tech is a fintech company, a candidate with strong IT skills could be highly valuable, especially if they have an aptitude for or prior exposure to financial concepts. They would excel in working with large datasets, understanding system integrations, and potentially even automating parts of the reconciliation process. However, for financial adjustments, they would need supplementary knowledge in accounting or finance, perhaps through a minor, electives, or certifications.
Mathematics / Applied Mathematics / Statistics (with a strong minor/electives in Finance or Accounting):
Why: These degrees develop exceptional analytical, logical, and problem-solving skills. Graduates are proficient in data analysis, statistical modeling, and pattern recognition, which are all crucial for identifying anomalies and trends in financial data. Similar to IT, they would require supplementary knowledge in accounting or finance to fully grasp the nuances of financial adjustments.
Key Skills Developed in Recommended Courses that are Crucial for the Role:
-Attention to Detail: Meticulous scrutiny of numbers and records.
-Analytical Thinking: Ability to break down complex financial data and identify root causes of discrepancies.
-Problem-Solving: Developing effective solutions for reconciling differences.
-Proficiency in Spreadsheets (Excel): Heavily utilized for data manipulation and analysis.
-Understanding of Financial Principles: Knowledge of debits, credits, ledgers, and financial statements.
-Data Interpretation: Ability to derive meaningful insights from raw financial data.
-Prior experience in a financial institution or fintech company during internships would also be a significant advantage, regardless of the specific course.
Job Summary: The Reconciliation Analyst will play a critical role in ensuring the accuracy and integrity of all financial transactions within Traxion Tech's digital wallet ecosystem. This individual will be responsible for daily, weekly, and monthly reconciliation activities across various payment channels, including MasterCard, Visa, and BancNet (Instapay). The ideal candidate will possess a keen eye for detail, strong analytical skills, and the ability to identify, investigate, and resolve discrepancies efficiently, with a particular focus on financial adjustments related to digital wallets.
Key Responsibilities:
-Perform Cash Teller Machine (CTM) transactional reconciliations against reports of dispute from clients initiated transactions.
-Investigate and resolve discrepancies identified during the reconciliation process, including missing transactions, unmatched items, and incorrect postings.
-Analyze transaction data to identify trends, potential issues, and areas for process improvement.
-Process and manage financial adjustments related to digital wallets, including but not limited to chargebacks, refunds, settlements, and dispute resolutions.
-Collaborate with internal teams (e.g., Customer Service, Operations, IT, Finance) to address and resolve reconciliation-related issues promptly.
-Prepare and maintain detailed reconciliation reports, documenting all findings, adjustments, and resolutions.
-Assist in the development and implementation of new reconciliation processes and procedures to enhance efficiency and accuracy.
-Ensure compliance with all relevant financial regulations and company policies.
-Participate in month-end and year-end closing activities related to financial reconciliation.
-Proactively identify and escalate any significant discrepancies or potential risks to management.
Qualifications:
-Bachelor's degree in a relevant field (see recommendations below).
-Proven experience (1-3 years) in a reconciliation or financial analysis role, preferably within the fintech, banking, or payments industry.
-Solid understanding of debit card schemes (MasterCard/Visa) and interbank networks (BancNet/Instapay) transaction flows.
-Strong analytical and problem-solving skills with a meticulous attention to detail.
-Proficiency in Microsoft Excel (VLOOKUP, pivot tables, data analysis) is essential.
-Familiarity with accounting principles and financial reporting.
-Excellent communication skills, both written and verbal, with the ability to explain complex financial concepts clearly.
-Ability to work independently and as part of a team in a fast-paced environment.
-Experience with financial systems or reconciliation software is a plus.
-Knowledge of SQL or other data query languages is an advantage.
Why Join Traxion Tech?
-Be part of a dynamic and innovative fintech company at the forefront of digital transformation in the Philippines.
-Opportunity to make a significant impact on our financial operations and customer experience.
-Collaborative and supportive work environment.
-Competitive salary and benefits package.
-Opportunities for professional growth and development.
Collegiate Course Background Recommendations:
For a Reconciliation Analyst role, especially one that handles financial adjustments of wallets within a fintech company dealing with card schemes and Instapay, the following collegiate course backgrounds are highly recommended:
Accountancy / Bachelor of Science in Accountancy (BSA):
Why: This is the most direct and highly recommended course. BSA graduates have a strong foundation in financial accounting, managerial accounting, auditing, taxation, and financial reporting. They are trained to understand the flow of money, debits/credits, ledger entries, and financial statements, which are all crucial for reconciliation and financial adjustments. Their understanding of internal controls and auditing principles is also invaluable for identifying and mitigating risks.
Financial Management / Bachelor of Science in Business Administration Major in Financial Management:
Why: While broader than accountancy, this course provides a solid understanding of financial markets, corporate finance, investments, and risk management. Graduates learn about financial analysis, budgeting, and financial decision-making, which are all relevant to understanding the impact of transactions and making appropriate adjustments. They often have good analytical skills that can be applied to large datasets.
Management Accounting / Bachelor of Science in Management Accounting (BSMA):
Why: This specialization within accounting focuses on the use of accounting information for internal decision-making and control. BSMA graduates are adept at cost analysis, performance measurement, and budgeting, which can be beneficial in understanding the operational aspects of financial transactions and the impact of discrepancies.
Information Technology (with a strong minor/electives in Finance or Accounting) / Bachelor of Science in Information Technology / Computer Science:
Why: Given that Traxion Tech is a fintech company, a candidate with strong IT skills could be highly valuable, especially if they have an aptitude for or prior exposure to financial concepts. They would excel in working with large datasets, understanding system integrations, and potentially even automating parts of the reconciliation process. However, for financial adjustments, they would need supplementary knowledge in accounting or finance, perhaps through a minor, electives, or certifications.
Mathematics / Applied Mathematics / Statistics (with a strong minor/electives in Finance or Accounting):
Why: These degrees develop exceptional analytical, logical, and problem-solving skills. Graduates are proficient in data analysis, statistical modeling, and pattern recognition, which are all crucial for identifying anomalies and trends in financial data. Similar to IT, they would require supplementary knowledge in accounting or finance to fully grasp the nuances of financial adjustments.
Key Skills Developed in Recommended Courses that are Crucial for the Role:
-Attention to Detail: Meticulous scrutiny of numbers and records.
-Analytical Thinking: Ability to break down complex financial data and identify root causes of discrepancies.
-Problem-Solving: Developing effective solutions for reconciling differences.
-Proficiency in Spreadsheets (Excel): Heavily utilized for data manipulation and analysis.
-Understanding of Financial Principles: Knowledge of debits, credits, ledgers, and financial statements.
-Data Interpretation: Ability to derive meaningful insights from raw financial data.
-Prior experience in a financial institution or fintech company during internships would also be a significant advantage, regardless of the specific course.
Number of vacancies:
2
Company Description
Traxion Tech is a systems Integration company with a technology product of its own. Traxion solves technological problems of any type and size of financial institutions by providing fintech-as-a-service.
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