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Full-Time

Payment Operations Analyst

Posted on 8/16/2024

Procore Technologies

Procore Technologies

1,001-5,000 employees

Construction management software for project efficiency

Industrial & Manufacturing
Enterprise Software

Mid

Austin, TX, USA

Category
Treasury
Finance & Banking
Requirements
  • Experience with compliance and regulatory practices in the areas of payment transactions
  • 3+ years of payment processing or payment operations experience
  • Highly proactive with identifying issues and demonstrating resolution skills
  • A clear communicator who can successfully interact with all levels of the organization and clients
  • Team player who works well independently and exhibit strong work ethic and integrity
  • Strong analytical skills, reconciliation capabilities and highly detail oriented
  • Flexible & Comfortable navigating an ambiguous environment while learning quickly and adapting to change
  • Knowledge of the construction industry desirable
Responsibilities
  • Engage with newly appointed customers and lead them through the application and onboarding process with our designated banking partner
  • Serve as the main point of contact between customers and banking partner while tracking implementation progress and conducting all functional testing to ensure a seamless and timely onboarding experience.
  • Provide support to customers involving account setup, invoicing, payment processing, receipt and origination of funds, and lien waiver release
  • Work cross functionally with customer success and product and technology to improve process efficiency and automation
  • Maintain and reconcile all payment processing systems
  • Monitor all customer payment activity and resolve discrepancies in a timely manner
  • Perform due diligence in-line with established company guidelines
  • Maintain and cultivate relationships with third party service providers
  • Participate/support the execution of annual compliance and payment-related audits
  • Populate and publish metrics to demonstrate progress toward organizational goals

Procore Technologies offers construction management software that streamlines various stages of construction projects, including preconstruction and project closeout. The platform features tools for bid management, estimating, quality and safety management, and Building Information Modeling (BIM), which improve communication and visibility between field and office operations. Unlike its competitors, Procore provides a comprehensive all-in-one solution along with personalized support services tailored to clients' needs. The company's goal is to be a trusted partner for construction professionals worldwide, helping them complete projects efficiently and effectively.

Company Stage

IPO

Total Funding

$543.5M

Headquarters

Carpinteria, California

Founded

2003

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

9%
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Simplify's Take

What believers are saying

  • Procore's global reach, with over 1,000,000 projects completed in 125 countries, demonstrates its strong market presence and reliability.
  • The company's strategic partnerships, such as with Goldman-Sachs for construction payments, enhance its service offerings and operational efficiency.
  • Significant investments from firms like Richelieu Gestion SA and CenterBook Partners LP indicate strong financial backing and growth potential.

What critics are saying

  • The construction management software market is highly competitive, requiring Procore to continuously innovate to maintain its market position.
  • The complexity of achieving FedRAMP authorization could delay Procore's entry into the federal market, impacting potential revenue streams.

What makes Procore Technologies unique

  • Procore's all-in-one construction management platform covers every stage of the construction lifecycle, from preconstruction to closeout, unlike competitors who may focus on specific phases.
  • The company's commitment to FedRAMP authorization sets it apart by ensuring the highest standards of security and data compliance for federal customers.
  • Procore's extensive support resources, including tailored training and a community forum, provide a personalized approach that enhances client satisfaction and platform utilization.
INACTIVE