Revenue and Reconciliation Finance Manager, Railsr
Banking-as-a-Service platform
Open for applications
Banking-as-a-Service platform
101-200 employees
Open for applications
101-200 employees
Company mission
To make finance an amazing experience everywhere in the world.
Role
Who you are
- Strong analytical and problem-solving skills with the ability to interpret financial data accurately
- Strong attention to detail with the ability to manage large data sets and multiple transactions
- Demonstrated ability to identify inefficiencies and lead initiatives to improve financial processes
- Excellent communication and presentation skills, to convey insights and ideas to stakeholders
- Strong collaborator and proven team player
- Strong Microsoft Office and Google skills, and capable of leveraging a range of systems including Salesforce
- Qualified accountant
- 5+ years of experience in finance or accounting, with at least 2 years in a revenue or reconciliation management role, preferably in a FinTech or financial services environment
- Experienced in reviewing commercial contracts
- Strong understanding of revenue management principles, pricing strategies, and promotional planning, preferably in a regulated environment
- Proven track record in revenue recognition and contract review
- Strong grasp of technical accounting
What the job involves
- This is an exciting opportunity to join our growing London-based Finance team in a brand new role
- The Revenue and Reconciliations Manager will play a crucial role in managing and overseeing revenue recognition, reconciliations, and reporting processes
- .This role ensures the accuracy and integrity of revenue data, facilitates the timely and efficient processing of financial transactions, and leads a team responsible for reconciliations and billing across various payment systems and financial platforms
- You will work closely with senior management and relevant stakeholders to define realistic revenue targets for Railsr in both the short and long-term
- You will play a key role in driving growth and profitability for Railsr by identifying revenue growth opportunities, developing strategies, and implementing initiatives to optimise pricing, promotions, and product portfolios
- Ensure timely and accurate reconciliation of all bank accounts. Oversee daily, monthly, and quarterly reconciliations between payment systems, bank accounts, and accounting ledgers to ensure data accuracy and integrity
- Ensure that adequate preventive and corrective controls are in place through the platform and non-platform flows of funds
- Act as a liaison between various departments and functions to ensure full understanding of all platform and off-platform transitions, facilitate flow of information and problem resolution activities
- Ensure that all customers accounts are fully reconciled on a monthly basis
- Monitor and follow through of the reconciliation discrepancies till closure
- Mitigate financial/reputational risk by ensuring appropriate structure, resources, procedures and controls are developed and maintained in compliance with company policies and regulatory requirements
- Resolve or escalate challenges/issues through the established proper channels
- Ensure all transactions, including scheme fees, payments, refunds, and chargebacks, are properly captured, reconciled, and reported
- Identify and investigate discrepancies in financial records, work with internal teams to resolve differences, and escalate issues where necessary
- Ensure that all reconciliation processes are fully documented and tested
- Invoicing: Ensuring the accuracy of invoicing and managing the end-to-end invoicing process. Optimise the current billing process
- Ensure that all revenue-related data is correctly reflected across financial systems, ensuring alignment between sales, billing, and finance
- Work closely with finance and business teams to project revenue, provide accurate revenue reports, and analyse variances between actuals and forecasts
- Costs recovery and revenue maximisation: Identify opportunities to unlock revenue by reviewing all current contracts. Ensure full recovery of all scheme fees
- Pricing strategies: Analyse market intelligence regarding pricing strategies amongst our competitors. Evaluate and propose a more adequate pricing model to maximise revenue levels. Analyse market intelligence regarding pricing strategies amongst our competitors
- Systems: research, select and prepare a proposal for a new billing system implementation
- Identify opportunities to unlock revenue by reviewing all current contracts
- Partner with senior management to execute our current strategic plan, and support the executive team in delivering ARR growth
- Work closely with product, sales, customer support, and compliance teams to ensure alignment on revenue processes, product offerings, and reconciliations
- Support internal and external audits related to revenue and reconciliations by providing accurate data and documentation
- Ensure all financial practices adhere to regulatory standards, providing timely and accurate reporting to leadership and external bodies
- Lead and mentor a team of reconciliation and billing professionals and managers, promoting a high-performance culture focused on accuracy and efficiency
- Provide ongoing training to the team on reconciliations, revenue policies, and financial best practices
- Set KPIs and monitor team performance to ensure goals are met while encouraging continuous improvement
Salary benchmarks
Our take
As the digital economy has grown, so too has the market for 'Banking-as-a-Service' - the process of ensuring the overall execution of financial services over the web. As businesses expand online, they have opportunities to be able to build and sell various financial services or add fintech features to their existing products. Railsr (formerly Railsbank) facilitates companies doing this easily, where it would previously have been a huge undertaking.
Essentially, Railsr is making financial services more inclusive. Previously, the complexities of legacy technology, managing global compliance and ancient bank processes have created a slow, complex and costly experience for customers. Now, through Railsr's Open Banking Platform and APIs, financial innovators have the means of creating the financial services, products and experiences their clients want.
In 2022, shortly after becoming Railsr, the company benefitted from the embedded finance boom and raised a large funding round to support its ongoing expansion efforts. Early in 2023, however, the company had to undertake an emergency sale and shift of control - though it seems to have remained positive throughout, citing the sale as a "pivotal moment" that will enable it to "rebuild momentum, drive change and return Railsr to growth."
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
50% female employees
-53% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Oct 2023
$24m
GROWTH EQUITY VC
Oct 2022
$26m
SERIES C
Total funding: $171.2m
Company benefits
- Work from home opportunities
Company values
- Excellence
- Accountability
- Diversity
- Work/Life Balance
- Trust
- Fun
- Inclusivity
- Friendship
- Noble Cause
- Respect
Company HQ
Holborn, London, UK
Articles
Leadership
Philippe Morel
(CEO, not founder)Was the CEO of SETL for four years. Previously Principal Investment Leader (EMEA) at Boston Consulting Group.
Diversity, Equity & Inclusion at Railsr
- Here at Railsr we make it a priority to ensure that our company is diverse and inclusive. Not simply because it’s the right thing to do, but because statistics prove that it creates a working environment which is safer, happier and more productive for everyone.
- We’re passionate about promoting gender, physical, ethnic and cultural diversity in our workplace. And we’re committed to helping every team member establish a sense of belonging and connection to our organisation, so that they can be truly their best self at work every day
- We regularly take time to honestly review our entire end-to-end employee experience. From sourcing, hiring and onboarding our staff, through to team-building, performance reviews, succession planning and mentoring, we consider every aspect to make sure we’re continuing to promote inclusivity, whilst measuring the impact of our approach.
- At Railsr you’ll find a diverse group of motivated individuals, with a shared entrepreneurial spirit and a start-up mentality. With 450 new team members from 39 nationalities having joined us in the past two years, we’re proud of our team and of the uniquely welcoming and supportive working environment we’ve created together.
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