Implementation of a Reconciliation & Profitability Software in the Payments Industry

Project status
Project start date
15 Aug 2018
Project posted
15 Jul 2018 13:27
Project duration (approx.)
2 Weeks
Budget (approx.)
US$200 / day
Level of Experience
Financial Services
Area of expertise
Market Analysis, Information Technology, Project Management
Consultant location
English (Essential)

Objectives and Key Deliverables

About our Client
Our client is a global payments processing and merchant acquiring business with a strong presence in South East Asia. In order to control funds reconciliation and profitability analysis of their acquiring and issuing projects, the Client have introduced a reconciliation software. The Software is currently being rolled out with the assistance of our firm in several projects in the South East Asia and in Europe.

About the Software
Software is a flexible reconciliation system with a wide array of customization options.

Typical objectives OAS is capable to achieve are the following:
1. Assuring funds flow and accounting integrity
2. Prevention of revenue leakage
3. True cost allocation to merchants, card programs or customers
4. Developing understanding of profitability based on actual costs incurred on the level of merchant, card programs, customers, etc.
5. Protection against use of customer funds for unauthorised purposes

About the candidate
We are looking for a Business Analyst with 3+ experience from the payments industry ideally in Settlement & Reconciliations. Successful candidate will participate Software implementation into new business entities and projects as well as in continuous development of implementation methodology.

Will be commensurate with the candidate's experience

Job description
* Business Analysis (core competency)
* Analyzing fund flows among bank accounts and entities
* Analyzing data flows from internal systems and third party entities
* Identifying data extracts that will be used for reconciliation
* Defining fund flows reconciliation logic
* Customising accounting ledger to reflect the underlying transactions
* Defining target KPIs of the reconciliation process (what precision is good enough)

* Project Management (secondary competency)
* Planning
* Developing a project plan
* Breaking down the project plan into epics and sprints
* Setting-up and monitoring progress of development tickets within sprints
* Communication
* Reporting of the project progress to the project sponsor
* Communicating with all responsible parties
* Execution
* Oversee fulfilment of the reconciliation procedures
* Report issues to the respective parties for remediation
* Hand-over finished project to the shared service centre

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