Financial Manager

2 weeks ago


London, Greater London, United Kingdom Travelex Foreign Coin Services Limited Full time
Job Summary

As a Commercial Finance Manager, you will play a crucial role in overseeing the financial obligations of our regulated card programmes. Your primary responsibility will be to manage the day-to-day activities for the programme, working closely with our programme manager or colleagues in our offshore team.

We are seeking a hands-on Finance manager with experience working at a prepaid or Fintech card business. Your responsibilities will include managing financial obligations associated with card scheme settlement, reconciliation oversight, and financial reporting. You will also be responsible for providing guidance to colleagues on projects and issues related to card products, ensuring compliance and support from a financial operations perspective.

The successful candidate will have advanced Excel skills, be comfortable with regulatory and card scheme financial obligations, and have experience with Conduct Risk and Consumer Duty. They will also be familiar with Open Banking and Straight Through Payment Processing.

We estimate the salary for this position to be around £60,000 - £80,000 per annum, depending on experience.

Key Responsibilities:
  • Monitoring and controlling working capital.
  • Overseeing and managing the card loads value with issuing bank fund holdings, including aggregate values, clearance delays, prefunding requirements, fees earned, incurred and held.
  • Monitoring & reconciling transaction activity across issuing and Mastercard network, including identification of chargebacks, fees and costs as applicable.
  • Ensure cash management is optimised between the Banks and other payment providers.
  • Ensure any financial exposures from foreign exchange are managed and controlled effectively.
  • Using the above processes put in place, to ensure that all regulatory and card scheme financial obligations and activities are met in a timely and accurate manner.
  • Working closely with the offshore general ledger team to: Review the monthly actual P&L and BS against budget/forecast/prior year, Regular review of the relevant reconciliations
  • Preparing the monthly management reporting packs for the Business and Product team reviews including insight commentary.
  • Manage all internal and external finance queries relating to the Card issuing and programme management.
  • Be the Finance Lead on all card issuing projects or initiatives.
  • Provide support to the offshore finance team.
  • Timely completion of statutory accounts and year end audits.
  • Be the Finance SME for Cards issuing, providing finance, commercial and regulatory knowledge and insight.
  • Support colleagues in navigating challenges related to financial obligations in relation to card issuing.
About Us:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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