Job Title: Settlement

About Us:

Guavapay is a payment platform that drives payment optimization and stability. Guavapay’s full-stack payment ecosystem includes a range of financial technology products and solutions. Our flagship product is MyGuava, the “all things payments app”. In addition to MyGuava, we offer a range of other payment services to businesses and individuals, including card processing, cross-border payments / remittance, merchant acquiring, card issuing and e-wallets. Whatever our customers’ needs are, our breakthrough platform can help them integrate, process and transact globally. We aim to take our place on the forefront of payment disruption, bringing innovative solutions for flawless and low cost payments on the market.

Our future plans extend beyond payments and remittance to other fintech areas. Our ambitions are global. Our drive for success is unmatched.

Role Overview:

We are seeking an experienced Settlement Specialist to join our team in Baku. In this role, you will be responsible for managing and processing financial transactions, ensuring accurate and timely settlement of trades, and resolving any discrepancies. You will work closely with internal teams and external partners to ensure smooth and efficient operations. This is an excellent opportunity for someone passionate about settlement processes, financial operations, and ensuring accuracy in a fast-paced environment.

Key Responsibilities:

• Execute daily settlement processes for various financial transactions, including payments and banking settlements.
• Reconcile transactional data to ensure accuracy and completeness, investigating and resolving any discrepancies.
• Monitor settlement systems and processes to identify and address any issues or delays promptly.
• Collaborate with internal teams, including finance, operations, and compliance, to streamline settlement processes and resolve complex settlement-related matters.
• Communicate effectively with external counterparties, such as banks, clearinghouses, and payment processors, to facilitate timely settlements and resolve settlement-related inquiries.
• Maintain up-to-date knowledge of regulatory requirements and industry best practices related to settlement processes, ensuring compliance with relevant regulations.
• Contribute to the development and implementation of process improvements and automation initiatives to enhance settlement efficiency and reduce operational risk.
• Generate reports and provide regular updates on settlement activities and performance metrics to stakeholders.
• Fulfillment of clearing of correspondent account balances and wire transfers.
• Execution of other works in order to follow the instructions of the department director in accordance with departmental procedures.
• Management of investigations related to incoming/outgoing transfers.

Requirements & Qualifications:

• Bachelor's degree in finance, accounting, business administration, or a related field.
• Proven experience (up to 5 years) in settlement operations within the financial services industry, preferably in a fintech or banking environment.
• In-depth understanding of settlement processes, including payment systems, clearing and settlement mechanisms, and reconciliation procedures.
• Strong analytical and problem-solving skills, with the ability to identify and resolve settlement-related issues efficiently.
• Excellent attention to detail and accuracy in handling large volumes of transaction data.
• Proficiency in using settlement systems and software, as well as Microsoft Excel for data analysis and reporting.
• Effective communication skills, with the ability to collaborate with internal teams and communicate with external counterparties professionally.
• Knowledge of regulatory requirements governing settlement activities, such as payment system rules.
• Ability to work independently, prioritize tasks, and meet tight deadlines in a fast-paced environment.
• Continuous learning mindset and willingness to adapt to changes in technology and industry practices.