Full-Time

Junior Reconciliation Analyst

Confirmed live in the last 24 hours

Melio

Melio

501-1,000 employees

Digital payment solution for small businesses

Consumer Software
Fintech
Financial Services

Compensation Overview

$58k - $70kAnnually

Junior

New York, NY, USA

Hybrid position requiring 3 days in-office in New York City.

Category
Financial Accounting
Management Accounting
Accounting
Required Skills
Financial analysis
Excel/Numbers/Sheets
Requirements
  • 1-2 years of experience in reconciliation or financial operations
  • Advanced Excel skills, experienced Excel user
  • Excellent team working skills, ability to manage own workload
  • Demonstrated ability to work independently and promptly address issues
  • Be highly numerate and analytical and have very high attention to detail
  • Perform well under pressure, with outstanding organization and ability to prioritize
  • Effective research and problem-solving skills
  • Highly motivated to investigate and solve problems
  • Willingness to go the extra mile - assessing situations independently and taking actions to address it/improve processes
  • Bachelor’s degree in related field
Responsibilities
  • Perform the daily reconciliation duties between internal and/or external records as assigned
  • Complete daily positive pay process as assigned
  • Identify, investigate and understand all discrepancies
  • Proactively identify solutions to prevent recurring problems
  • Communicate and escalate discrepancies to appropriate parties for resolution
  • Follow through with all matters of escalation from first occurrence to resolution
  • Ensure customers’ funds are handled in accordance with regulatory requirements and collaborate with internal and external auditors to address and resolve audit findings
  • Working as part of a global team, collaborating effectively to investigate issues and resolve challenges
  • Be proactive, contribute to the completion of projects and process improvements to enhance efficiency
  • Handle ad hoc financial information requests and analyses and other special projects as assigned
Desired Qualifications
  • SQL/Python knowledge is a plus

Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay vendors and suppliers using various methods, including ACH bank transfers and credit cards. A notable feature is the option to defer credit card payments for up to 45 days, which assists in cash flow management. Businesses can also earn rewards on credit card expenses, adding value to their transactions. Melio charges a 2.9% fee for credit card payments, while ACH transfers are free, making it a cost-effective choice. The platform enhances expense management by allowing businesses to assign roles, digitize approval workflows, and automate bill payments, all while ensuring security and transparency. Melio's goal is to simplify the payment process for small businesses in the retail and e-commerce sectors, improving their cash flow and providing greater control over their expenses.

Company Stage

Series E

Total Funding

$636.2M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $150M Series E funding supports growth through strategic partnerships.
  • Integration with Amazon Business enhances Melio's reach in the B2B sector.
  • Growing demand for real-time payments presents an opportunity for Melio's service expansion.

What critics are saying

  • Increased competition from Amazon Business could reduce Melio's market share.
  • Valuation cut to $2 billion suggests potential investor concerns about growth.
  • Rapid feature expansion may strain resources, leading to operational inefficiencies.

What makes Melio unique

  • Melio offers a 45-day payment deferral using credit cards, aiding cash flow.
  • ACH transfers are free, providing a cost-effective payment option for small businesses.
  • Melio's platform allows role assignments and automated workflows, enhancing expense control.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Wellness Program

Paid Vacation

Paid Sick Leave

Hybrid Work Options

Meal Benefits

Professional Development Budget

Performance Bonus