Reconciliations Data Analyst, Railsr
+ Potential to be rewarded with equity
Banking-as-a-Service platform
Open for applications
Banking-as-a-Service platform
101-200 employees
Open for applications
+ Potential to be rewarded with equity
101-200 employees
Company mission
To make finance an amazing experience everywhere in the world.
Role
Who you are
- An eye for detail
- Ability to clearly convey complex concepts to a wide variety of stakeholders (ranging from subject matter experts to C-suite)
- Able to challenge the status quo and engage in constructive dialogue to affect change
- Proactive contributor who identifies and delivers opportunities for improvement
- Ability to conduct forensic financial reconciliations
- Expert user of Excel / G-sheets, data visualisation tools
- Experience mapping financial flow of funds
- Experience with many of the following concepts: safeguarding, settlement cycles, Visa/Mastercard reconciliations and banking payment schemes (e.g. UK Faster-Payments or Bacs) within the UK market
- Experience using transactional event stream data
- SQL or Python experience is a plus
What the job involves
- You will be responsible for conducting comprehensive and rigorous analyses of financial and treasury data to support our operational, safeguarding and finance teams
- You will collaborate closely with stakeholders and cross-functional teams to understand business requirements and translate them into scalable and efficient solutions and practices that drive business impact
- Create process maps, process documentations and controls for all data flows on the banking and cards data flows
- Extract and analyse transactional data for all banking and cards transactions. Create reports showing daily flows for each type of transaction. Establish a report showing all timing differences between platform transactions and banking statements. Identify areas for process optimisation within the platform and off-platform processes, recommend solutions
- You will develop and maintain data reports to support our Finance, Treasury and Safeguarding functions
- Clean, process and validate data to ensure accuracy and consistency
- Data collection and management - fully understand, gather and manage large data sets within the Railsr platform. Cooperate closely with banking and cards Tech teams to ensure the accuracy and completeness of data
- Analyse cards and banking transactions data to identify unusual trends and anomalies. Create comprehensive reports and dashboards to present findings
- Work co-operatively with the banking and cards team to improve all current processes
- Become a key person leading changes required to comply with Caas safeguarding rules
- Assisting in the development and implementation of analytical tools and dashboards for efficient data visualisation
- Initiate and coordinate implementation of Group-wide data lake creation, linking data from multiple data sources
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
Company
Funding (last 2 of 8 rounds)
Oct 2023
$24m
GROWTH EQUITY VC
Oct 2022
$26m
SERIES C
Total funding: $171.3m
Company benefits
- Work from home opportunities
Company HQ
Holborn, London, UK
Leadership
Philippe Morel
(CEO, not founder)Was the CEO of SETL for four years. Previously Principal Investment Leader (EMEA) at Boston Consulting Group.
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