Reconciliation Officer

Salmon – Who We Are and What We Do

Salmon is a fast-growing consumer fintech group, founded in July 2022 with the vision of creating the best credit-led neobank in Southeast Asia. We chose the Philippines to be our first market and are now a licensed consumer-lending group, working towards becoming a licensed bank (subject to BSP approval).

Salmon was founded by three Co-founders who built and held senior leadership positions at Tinkoff, a highly successful tech-enabled bank that reached a market capitalization of more than US$20bn.

Salmon has built a highly qualified and global team of finance and technology professionals and is backed by world-class investors, which include ADQ, an investment company wholly owned by the Government of Abu Dhabi, and other prominent Fintech investors.

We are building a financial technology business that works impeccably 24x365, creating thousands of jobs and providing high quality access to finance for millions of Filipinos — and would love to have you join us on this journey. The new world is ours to discover together.

About the Role – Reconciliation Officer

• Work closely with Reconciliation and Settlements Head and or Head of Back Office Operations to document processes relative to Reconciliation Unit not limited to the following:

1. Reconciliation of Nostro Account Balances

2. Monitoring and Prefunding of Wallet / Settlement Account

3. Aging and Monitoring of Accounts Balances under Back Office

4. Floats resolution

5. CTR/STR coordination to Compliance

6. Handling of excess payments and approved vs pre-terminated loans

7. Other processes that may arise related to Merchant Settlements, Payment Partner Settlements and Other financial related transactions requiring reconciliation

• Perform maker function (for at least a quarter or as needed) of Merchant Settlements and Payment Partner Settlements processes to understand the flow of transactions
• Responsible for preparation and timely submission of required reports.
• Ensure entries submitted for posting are validated by the immediate supervisor
• Close monitoring of outstanding / open items and ensure resolution within the aging period.
• Ensure maker-checker is in place and observes proper segregation of duties and responsibilities.
• Ensure completion of tasks assigned within the agreed turnaround-time.
• Collaborates and attends meetings with stakeholders and identify areas that will have impact to the team.
• Timely review and update of documented processes.
• Acts as maker /checker /authorizer for the team based on delegated authority.
• Acts as reliever when somebody goes on leave based on the relief arrangement within the team and within Back Office as the need arises (as long as it does not compromise the segregation of duties and responsibilities and controls are in place).
• Organizes team files (soft and hard copy) and adheres to the record retention policy.
• Identifies processes/systems for improvement but ensuring controls are in place.
• Initiates projects for the betterment of the team and the company as a whole.
• Participates on UAT/UVT for new or enhancement of systems that will have impact to the team.
• Prompt identification and escalation of issues noted and propose resolution to the immediate supervisor.
• Takes part in cross-functional assignment within the Back Office Department
• Performs tasks that maybe assigned from time to time other than the basic responsibilities listed above.
• Assists in combatting money laundering by ensuring processes required are in place.
• Complies with regulatory requirements like SEC, BSP, AMLC and other governing bodies.
• Strict adherence to company's policies and code of conduct.

Qualifications:

• University degree on Accountancy, Banking & Finance, or any related Business Course
• More than 5 years of related/relevant experience in a financial institution
• Strong knowledge and experience in reconciliation of GL accounts
• Know-how in merchant and/or payment partner settlement
• Experience in start up company is advantageous
• Sufficient knowledge of governing body regulations
• Have worked effectively on high volume of transactions with time constraints
• Proven leadership and people management skills
• Good communication skills
• High level of problem-solving skills in a well-structured manner
• Possesses analytical and strategic thinking
• Ability to work with different culture, race, or ethnic group
• Can work independently with minimal supervision
• Strong risk management skills and ability to mitigate identified risks
• Good interpersonal skills
• Strong attention to details
• Organize, innovative and results-oriented
• Project management skills
• Ability to multi-task in a fast-paced environment
• Positive attitude, knows how to find ways to address different circumstances