Director - Cash Reconciliation and Reporting

The Opportunity

We at Flywire are seeking a Director  - Cash Reconciliation and Regulatory Reporting. This role will be responsible for working with cash management and operations treasury product and accounting to ensure accurate reconciliation of incoming cash from payers and outgoing payments to clients/beneficiaries.  Flywire processes over $20 billion of payments through our various products and ensuring timely and accurate reconciliation is key to our growth and strategic cash allocation decisions.  In addition to the daily weekly and monthly cash reconciliation process this role will be a leader in implementing new systems and processes to drive automation throughout the lifecycle of cash. 
 

The ideal candidate will have experience of directing multi-billion dollar/Euro (or equivalent) cash reconciliation on a international scale

Key responsibilities

Global Cash Reconciliation

• Oversee global cash reconciliation of 200 bank accounts across Flywires products and solutions
• Partner with accounting cash management and treasury to ensure daily recording reconciliation and reporting requirements are met.
• Evaluate gaps in current reconciliation processes and drive changes to improve accuracy and speed
• Identify areas where automation or AI can drive efficiencies supporting recording reconciliation and reporting of all cash movements
• Maintain and reconcile sub-ledgers to accurately identify client vs. corporate cash

Regulatory Reporting

• Ensure accuracy and timeliness of reporting of cash balances and related liabilities to regulators (FCA MTL MAS BOL etc)
• Ensure client and corporate cash is properly segregated reconciled and reported
• Support preparation of quarterly call reports including determination of total money movement average daily liability etc
• Support regulatory examinations
• Support global consolidated audit and local statutory audits

Leadership & Systems

• Lead and a high-performing cash reconciliation and reporting team providing coaching direction and performance management; foster a culture of accountability innovation and continuous improvement
• Evaluate and implement tools focused on automation of repetitive tasks
• Partner with Product and Engineering teams to improve data in core platforms to support automation and innovation
• Serve as trusted advisor in the controllership function

Qualifications :

Key Qualifications

• Bachelors degree in Finance or Accounting 
• 10 years of experience working in cash operations reconciliations and regulatory reporting.
• Experience with fintech payments or financial institutions with high volume and velocity of payments
• Deep understanding of cash reconciliations and related systems
• proficiency with excel google sheets and accounting software
• NetSuite Oracle and reconciliation tools
• Excellent analytical and problem solving skills
• Excellent written and verbal communication skills
• Ability to document process flows and suggest improvements
• Familiarity with various payment processing systems and payment types
• Bachelors degree in Finance Accounting or a related field; ACCA FPA or CPA preferred.
• Proven leadership experience with the ability to manage and develop a high-performing team

Technologies We Use (optional) :

• NetSuite - ERP 
• Excel and Google Sheets
• Cash reconciliation automation tools (FastFour BlackLine and proprietary tools)

Additional Information :

What We Offer:

• Competitive compensation including Restricted Stock Units
• Employee Stock Purchase Plan (ESPP)
• Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
• Work with brilliant people that will keep you on your toes learn more about their journeys by checking out #InsideFlywire on social media
• Dynamic & Global Team (we have been collaborating virtually for years!)
• Wellbeing Programs (Mental Health Wellness Yoga/Pilates/HIIT Classes) with Global FlyMates
• Be a meaningful part in our success - every FlyMate makes an impact
• Competitive time off including FlyBetter Days to volunteer in a cause you believe in and
• Digital Disconnect Days!
• Great Talent & Development Programs (Managers Taking Flight for new or aspiring managers!)

Submit today and get started!

We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager Peers on the team the VP of the department and a skills assessment. Your Talent Acquisition Partner will walk you through the steps and be your go-to person for any questions.

Flywire is an equal opportunity employer. With over 30 nationalities across 12 different offices and diversity and inclusion at the core of our people agenda we believe our FlyMates are our greatest asset and were excited to watch our unique culture evolve with each new hire. #LI-Remote

Flywire is an equal opportunity employer.

#LI-Hybrid

Remote Work :

No

Employment Type :

Full-time