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Momentum Financial Services Group

Alternative financial services and cash access

Staff Accountant - Operations

Financial AccountingPosted on Nov 10
Full-timeHyderabad, Telangana, IndiaNo salary listed

About the Job

Requirements

  • Post-secondary education in Accounting is required.
  • At least 2 years of general accounting experience is required.
  • Experience with bank account and balance sheet account reconciliation is required.
  • Experience preparing journal entries is required.
  • Ability to apply critical thinking, analyze information, and establish a resolution plan is required.
  • Ability to work independently on tasks and department requests and collaborate with others to identify quality solutions is required.
  • Strong organizational ability and prioritization to meet requirements and deadlines are required.
  • Ability to maintain a high level of accuracy under tight time constraints and execute assignments is required.
  • Ability to handle large datasets, complex general ledger strings, and multiple entities and currencies is required.
  • Strong Microsoft Excel skills, including pivot tables, VLOOKUPs, and filtering, are required.
  • Oral and written communication skills are required.
  • Familiarity with the Oracle ERP system is a plus.

Responsibilities

  • Reconcile transactions reported by store operations to amounts provided by third parties.
  • Investigate variances and resolve them systematically, prioritizing by risk evaluation.
  • Report significant variances to the supervisor and appropriate levels in Store Operations.
  • Ensure Store Operations follows established policies and procedures, and report deviations to the appropriate level.
  • Complete daily reconciliations of assigned third-party fee products.
  • Reconcile weekly settlements and communicate with the Treasury department.
  • Prepare monthly balance sheet reconciliations for assigned accounts and ensure balances are well supported.
  • Follow up on reconciliation discrepancies and resolve them within policy guidelines.
  • Prepare and post journal entries related to revenue, accruals, and other financial transactions, with proper documentation and adherence to accounting principles.
  • Maintain accounting information integrity through timely journal-entry preparation, variance analysis, and resolution of account variances.
  • Respond to questions from internal departments and liaise with selected external parties.
  • Assist with assessing and monitoring internal controls, including risk assessments and reviews of risk areas.
  • Identify inefficiencies and recommend improvements to accelerate month-end close while maintaining accounting integrity.
  • Complete analytics or projects in support of executives and operations management as assigned.
  • Establish, monitor, and enforce company policies, procedures, and internal controls.
  • Contribute to preparing audit support.

Desired Qualifications

  • An Accounting degree is preferred.

About the Company

Momentum Financial Services Group

Alternative financial services and cash access

Momentum Financial Services Group provides alternative financial solutions across North America for people who are unbanked or underbanked, including those with impaired credit who may not qualify for traditional banking products. The company operates a dual-channel model with a large network of physical retail locations in the United States and Canada, plus digital and mobile platforms, so customers can access cash and financial services in person or online. Its offerings include personal loans, check cashing, domestic and international money transfers, and prepaid card services. Compared with traditional banks, Momentum focuses on serving clients who are often left out of mainstream finance, using both storefronts and digital tools to reach them wherever they prefer to transact. The company’s goal is to be a vital financial resource for hardworking individuals by meeting needs that conventional financial institutions do not fully address.

Company size
1,001-5,000
Company stage
Debt Financing
Total funding
$1.1B
Headquarters
Toronto, Canada
Founded
1979

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