Key Responsibilities
Payment Transaction Accounting
-Own end-to-end accounting for payment transaction flows across acquiring, ensuring accurate recognition of transaction volumes, merchant fees, interchange, scheme charges, and other payment-related revenues and costs
-Ensure payment processor and scheme settlement reports are accurately mapped and recorded within the general ledger
-Oversee accounting for settlement, safeguarding, and suspense accounts, ensuring appropriate classification and treatment of timing differences
-Review payment-related journal entries and ensure completeness and accuracy ahead of monthly and year-end close
-Ensure appropriate accounting treatment of transaction-related receivables and payables, refunds, reversals, chargebacks, and scheme fee accruals
-Support accurate revenue recognition and transaction cost reporting
-Work with Product, Operations, and payment partners to ensure new products, payment flows, schemes, and processor changes are correctly reflected in the accounting framework
Safeguarding & Reconciliation
-Own the financial reconciliation and control framework supporting the safeguarding of client funds, ensuring balances are accurately identified and reconciled in accordance with applicable requirements
-Review and sign off daily and periodic reconciliations between internal ledgers, processor and scheme reports, settlement accounts, and bank statements
-Establish escalation thresholds and resolution timelines for reconciliation breaks, ensuring material or aged items are investigated to root cause and resolved
-Act as the Finance escalation point for complex reconciliation and settlement issues, working with processors, banking partners, and internal teams
-Ensure safeguarding and reconciliation processes, controls, and documentation remain audit-ready and capable of supporting regulatory reporting
-Drive improvements in reconciliation tooling, automation, and control design as transaction volumes and payment methods scale
Payroll Accounting & Oversight
-Review payroll outputs, payroll accounting, and related reconciliations
-Coordinate with payroll providers and internal teams to ensure accurate processing and accounting
-Oversee the Finance aspects of statutory deductions, payments, and submissions, ensuring accuracy and timeliness
Financial Reporting, Audit & Controls
-Support monthly, quarterly, and annual close processes and financial reporting under Lux GAAP and, where applicable, IFRS
-Support Finance inputs into CSSF and other applicable regulatory reporting, particularly around safeguarding and payment activities
-Support external and internal audits, including preparation of reconciliations, schedules, and supporting evidence
-Maintain financial controls, documentation, and procedures across areas within the role's scope
Management Information & Business Insight
-Produce clear management information on transaction volumes, payment revenues, transaction costs, and settlement/reconciliation performance
-Support monthly management and Board reporting, including analysis of payment economics and emerging trends
-Support budgeting, forecasting, and variance analysis relevant to payment activity and transaction costs
-Provide financial insight to the CFO and wider management team to support commercial and operational decision-making
Processes, Systems & Automation
-Establish and document scalable processes and SOPs for payment accounting, reconciliation, and safeguarding-related Finance activities
-Drive automation of high-volume reconciliation and transaction-accounting processes to reduce manual intervention as the business scales
-Support implementation and development of accounting, reconciliation, and other Finance systems
-Work cross-functionally with Finance, Product, Operations, Technology, and external partners to embed financial controls into new payment products and processes from the outset
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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