Full-Time

Engineering Manager

Payments Platform

Posted on 11/21/2024

Modern Treasury

Modern Treasury

51-200 employees

Payment operations software for enterprises

Fintech
AI & Machine Learning

Senior

San Francisco, CA, USA

Position can also be based out of New York or remote.

Category
Engineering Management
Software Development Management
Requirements
  • Minimum 2 or more contiguous years in engineering management.
  • 4 or more years as an individual contributor.
  • Have built, operated and managed a high performance, distributed software platform.
  • Have designed fault tolerant, highly reliable software systems at scale.
  • Have implemented architectural refactors safely and have worked with batch processing or real-time software systems.
  • (Bonus) Have applied these skills within Payments or Fintech.
Responsibilities
  • Craft a strategy to scale payment transmission and enable enterprise payment operations at 100x higher volumes than seen today.
  • Scale the platform’s bank data ingestion capabilities to power real-time reconciliation.
  • Enhance and iterate how Modern Treasury quantifies resilient and robust payment systems at scale throughout the software development lifecycle.
  • Balance plans for investing in proactive scaling efforts and critical day-to-day uptime.
  • Work with technical leaders within the engineering organization to build highly observable and fault-tolerant payment processing architectures.
  • Evaluate and contribute to the team’s personnel and technical development.
  • Mentor and build development paths for engineers at all stages in their journey.

Modern Treasury specializes in payment operations software designed to improve the way large enterprises manage their financial transactions. Their software enables faster payments, automatic reconciliation of transactions, and provides real-time financial data, all supported by artificial intelligence. This allows businesses in various sectors, such as real estate, healthcare, and financial services, to handle significant transaction volumes efficiently and securely. Unlike many competitors, Modern Treasury focuses on serving large enterprises with a subscription-based software as a service (SaaS) model, ensuring clients have continuous access to the latest features. The company's goal is to modernize outdated payment technologies and enhance the efficiency and security of money movement across industries.

Company Stage

Series C

Total Funding

$178.1M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

2%

1 year growth

10%

2 year growth

-6%
Simplify Jobs

Simplify's Take

What believers are saying

  • Modern Treasury's inclusion in the 2024 Fintech Innovation 50 list highlights its strong market position and potential for growth.
  • The launch of professional services to support enterprise clients in scaling payment infrastructure demonstrates a commitment to customer success and long-term partnerships.
  • Continuous innovation, such as the enhanced AI-powered reconciliation product, positions Modern Treasury as a leader in transforming financial workflows.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar payment solutions, which could impact Modern Treasury's market share.
  • Reliance on AI and automation introduces risks related to technology failures or inaccuracies, which could affect client trust and satisfaction.

What makes Modern Treasury unique

  • Modern Treasury's AI-driven reconciliation and payment operations software offers a level of automation and precision that is unmatched in the fintech space.
  • Their focus on large enterprises across diverse industries like real estate, healthcare, and education sets them apart from competitors who may target smaller or more niche markets.
  • The company's proprietary RISE engine enhances financial workflows, providing a unique technological edge in automating complex reconciliation challenges.

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Benefits

Inclusive healthcare package

Unlimited PTO

Paid parental leave

$1k stipend to setup a home office

$500 yearly book stipend

Charitable donation matching

401k