Reconciliation Specialist
Paytm · On-site
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Job details
- Work model
- On-site
- Salary
- Not listed by source
- Location
- Noida, Uttar Pradesh
Job description
Position Overview We are seeking a highly analytical and data-driven Payment Reconciliation Specialist / Analyst to oversee our end-to-end financial reconciliation processes. In this role, you will be responsible for managing high-volume transaction datasets, tracking payment lifecycles, and ensuring absolute financial accuracy across internal systems, payment gateways, and banking partners. The ideal candidate bridges the gap between finance and technology-possessing strong core accounting fundamentals alongside advanced technical skills in SQL and Python to drive automation, eliminate manual workflows, and optimize payment processing costs. Key Responsibilities 1. Core Payment & Financial Reconciliation End-to-End Auditing: Validate transaction records across internal systems, payment gateways (PGs), banking partners, settlement files, and merchant reports. High-Volume Data Analysis: Analyze massive transaction datasets to promptly identify mismatches, pending settlements, duplicate transactions, and financial exceptions. Chargeback Management: Monitor disputed transactions, track the complete chargeback lifecycle, validate reversal entries, and ensure accurate accounting adjustments/recovery. Finance & Accounting Support: Validate transaction postings, track pending receivables, manage refund accounting, handle merchant payout reconciliation, and assist with balance sheet reconciliation. 2. Cost Optimization & Reporting PG Cost Analysis: Monitor and analyze Payment Gateway costs (MDR charges, transaction processing fees, bank charges, gateway settlement fees) to identify cost-optimization opportunities. MIS & Dashboards: Prepare daily, weekly, and monthly MIS reports and design reconciliation dashboards for leadership, finance, and operations teams to support audit readiness. 3. Data Engineering & Process Automation SQL Data Extraction: Write complex SQL queries for reconciliation checks, exception reporting, and data validation across large transactional databases. Python Automation: Utilize Python for data processing, large-scale data analysis, report generation, and data cleansing to significantly reduce manual operational effort. Continuous Improvement: Lead automation initiatives to improve reconciliation turnaround times, strengthen internal financial controls, and minimize operational risk. 4. Stakeholder & Compliance Management Vendor Collaboration: Partner with banks, payment gateways, and internal cross-functional teams to resolve operational issues and improve overall payment efficiency. Audit & Compliance: Ensure strict adherence to internal financial controls, accounting standards, audit requirements, and operational risk management policies. Required Skills & Qualifications Education: Bachelor’s degree in Finance, Accounting, Commerce, Data Analytics, Computer Science, or a related quantitative field. Experience: 3–6 years of experience in payment reconciliation, fintech operations, payment gateway systems, or financial data analysis. Technical Skills :Advanced SQL: Proven ability to query, join, and analyze complex relational databases. Python: Proficiency in writing scripts for data cleansing, manipulation (e.g., Pandas, NumPy), and process automation. Excel: Advanced knowledge of pivot tables, VLOOKUPs/XLOOKUPs, and complex formulas. Domain Knowledge: Deep understanding of the payment ecosystem (MDR, settlement cycles, chargebacks, merchant payouts, and banking APIs). Analytical Mindset: Exceptional problem-solving skills with an eagle-eye attention to detail.
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