Director of Cash Reconciliation and Reporting, Flywire
+ Restricted Stock Units and Employee Stock Purchase Plan
Global payments processing
Be an early applicant
Global payments processing
1001+ employees
Be an early applicant
+ Restricted Stock Units and Employee Stock Purchase Plan
1001+ employees
Company mission
To save international students and their families money that would otherwise be lost on bank fees and unfavorable foreign exchange rates.
Role
Who you are
- The ideal candidate will have experience of directing multi-billion dollar/Euro (or equivalent) cash reconciliation on a international scale
- Bachelors degree in Finance or Accounting
- 10+ years of experience working in cash operations, reconciliations and regulatory reporting
- Experience with fintech, payments or financial institutions with high volume and velocity of payments
- Deep understanding of cash reconciliations and related systems
- Proficiency with excel, google sheets and accounting software
- NetSuite, Oracle and reconciliation tools
- Excellent analytical and problem solving skills
- Excellent written and verbal communication skills
- Ability to document process flows and suggest improvements
- Familiarity with various payment processing systems and payment types
- Bachelor's degree in Finance, Accounting, or a related field; ACCA, FPA or CPA preferred
- Proven leadership experience with the ability to manage and develop a high-performing team
What the job involves
- We, at Flywire, are seeking a Director - Cash Reconciliation and Regulatory Reporting
- This role will be responsible for working with cash management and operations, treasury, product and accounting to ensure accurate reconciliation of incoming cash from payers and outgoing payments to clients/beneficiaries
- Flywire processes over $20+ billion of payments through our various products, and ensuring timely and accurate reconciliation is key to our growth and strategic cash allocation decisions
- In addition to the daily, weekly and monthly cash reconciliation process, this role will be a leader in implementing new systems and processes to drive automation throughout the lifecycle of cash
- Oversee global cash reconciliation of 200+ bank accounts across Flywire’s products and solutions
- Partner with accounting, cash management and treasury to ensure daily recording, reconciliation and reporting requirements are met
- Evaluate gaps in current reconciliation processes and drive changes to improve accuracy and speed
- Identify areas where automation or AI can drive efficiencies supporting recording, reconciliation and reporting of all cash movements
- Maintain and reconcile sub-ledgers to accurately identify client vs. corporate cash
- Ensure accuracy and timeliness of reporting of cash balances and related liabilities to regulators (FCA, MTL, MAS, BOL, etc)
- Ensure client and corporate cash is properly segregated, reconciled and reported
- Support preparation of quarterly call reports including determination of total money movement, average daily liability, etc
- Support regulatory examinations
- Support global consolidated audit and local statutory audits
- Lead and a high-performing cash reconciliation and reporting team, providing coaching, direction, and performance management; foster a culture of accountability, innovation and continuous improvement
- Evaluate and implement tools focused on automation of repetitive tasks
- Partner with Product and Engineering teams to improve data in core platforms to support automation and innovation
- Serve as trusted advisor in the controllership function
Application process
- We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a skills assessment
- Your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions
Salary benchmarks
Our take
Flywire is a digital platform that simplifies the paying experience for international transactions. Flywire leverages its vertical-specific software and payments technology to deeply embed within client's existing accounts-receivable workflows.
Flywire was first set up to help international students pay their tuition for American colleges, but has since grown into a global payments enablement and software company. It has processed billions of dollars in payments for clients across the world and recently secured approval for its major payment institution license, enabling it to operate domestic money transfer and cross-border money transfer services.
Flywire serves clients across education, healthcare, travel, and B2B, including several Ivy League schools, and top US hospital systems. The company appears to be focussed on growth, including by strategic acquisitions and entry into new markets, recently in the Asia Pacific and Australia, as well as further developing its channel partners ecosystem.
Steph
Company Specialist at Welcome to the Jungle
Insights
12% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2021
$60m
SERIES F
Feb 2020
$120m
SERIES E
Total funding: $323.2m
Company benefits
- Competitive compensation, including Restricted Stock Units
- Employee Stock Purchase Plan (ESPP)
- Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
- Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
- Dynamic & Global Team (we have been collaborating virtually for years!)
- Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates
- Be a meaningful part in our success - every FlyMate makes an impact
- Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!
- Work From Home Stipend
- Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)
Company HQ
Boston, MA
Leadership
Mike Massaro
(CEO, not founder)Consultant at PwC. VP Strategic Accounts at Carrier IQ, before joining Flywire as VP Business Development in 2013. Became CEO upon departure of founder Iker Marcaide in 2013.
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