Settlement & Reconciliation Lead

Breadfast was founded on dedication, integrity, inclusiveness, and respect. We believe that creating a work environment where we learn from each other, provide honest feedback, and empower each other to take initiative is essential to a healthy, positive, and open culture. We’re always looking for creative and hardworking team players who thrive in a fast and exciting work environment.

Key Responsibilities:

Transaction Settlement:

• Oversee the end-to-end settlement process for prepaid card transactions daily.
• Ensure timely and accurate settlement of all transactions, coordinating with internal and external stakeholders as needed.
• Monitor settlement reports and identify discrepancies, taking corrective actions promptly.

Reconciliation:

• Supervise daily reconciliation activities, ensuring all transactions are accurately recorded and reconciled.
• Review reconciliation reports, identify and resolve discrepancies, and ensure proper documentation.
• Develop and implement reconciliation processes and controls to enhance efficiency and accuracy.

Team Leadership:

• Lead and mentor a team of reconciliation specialists, providing guidance and support to ensure high performance.
• Conduct regular performance evaluations, set goals, and provide feedback to team members.
• Foster a collaborative and positive work environment, promoting teamwork and continuous improvement.

Compliance and Risk Management:

• Ensure compliance with regulatory requirements and company policies related to settlement and reconciliation.
• Identify potential risks and implement measures to mitigate them.
• Collaborate with the compliance team to stay updated on relevant regulations and industry best practices.

Reporting and Analysis:

• Prepare and present regular reports on settlement and reconciliation activities to senior management.
• Analyze transaction data to identify trends, anomalies, and areas for improvement.
• Provide insights and recommendations to enhance operational efficiency and accuracy.

Stakeholder Management: