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Full-Time

Payment Operations Analyst

Posted on 6/27/2024

Varo

Varo

501-1,000 employees

Mobile banking with high-yield savings options

Fintech

Compensation Overview

$45k - $65kAnnually

Mid

Charlotte, NC, USA

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Requirements
  • 2+ years of experience in the financial services industry in payment processing (ACH/Wires/Card/Checks)
  • Knowledge of bank policy, procedure, products and regulations, and compliance (ex. Reg E, Reg CC)
  • Detail-oriented with strong organizational and implementation skills
  • Ability to adapt to fast-paced and rapid changes
  • Ability to multi-task and handle unexpected delays or events while maintaining constant attention to details
  • Ability to resolve problems and improve processes quickly, effectively, and professionally
  • Maintain the highest level of confidentiality with information relating to the bank, its customers, and employees
  • Bachelor’s degree or equivalent experience in a treasury operations environment preferred
  • Accredited ACH Professional (AAP) Certification a plus
Responsibilities
  • Monitoring file origination, receiving, processing, and reconciling ACH activity
  • Ensuring accurate and timely posting to internal accounts
  • Validating and balancing ACH posting to the Federal Reserve account
  • Processing, screening, and reconciling incoming and outgoing wire transfers
  • Processing and reconciling multiple vendor partners and correspondent banks
  • Monitoring cash balances and reconciling each day's cash position
  • Providing ad hoc reporting and analysis as required and monitoring ACH risk
  • Providing written/verbal notification to other financial institutions, third-party service providers, and internal departments for correction and reversal of entries
  • Establishing and maintaining files to ensure proper handling to limit bank liability
  • Partnering with Varo teams to ensure customer accounts and associated processes impacted by system enhancements, upgrades, and/or updates are tested with the Core Banking system

Working at Varo offers a chance to be part of a dynamic team that leverages advanced technology to redefine mobile banking, offering fast and secure financial services. As an FDIC-insured entity focusing on high-yield savings and effective financial solutions, this company upholds a mission-driven ethos that emphasizes both customer welfare and innovation. This environment fosters professional growth and the opportunity to contribute to meaningful advancements in the banking industry.

Company Stage

Series E

Total Funding

$996.3M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-8%

2 year growth

-9%
INACTIVE