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Payments Coordinator

KFS Recruitment
Posted a day ago, valid for 22 days
Location

London, Greater London EC1R 0WX

Salary

£40,000 per annum

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Payments Coordinator position is based in London and offers a salary of £40,000 per annum.
  • This role is with a leading independent bridging finance provider in the UK, focusing on efficient payment processing.
  • Candidates should have 1-3 years of experience in payment processing or a similar finance role.
  • Key responsibilities include overseeing payment processing, reconciliation, record keeping, and client communication.
  • A Bachelor's degree in Finance or related fields is preferred, along with strong attention to detail and communication skills.

Payments Coordinator

Financial Services

London (Office based role)

£40,000 pa

We are working with a leading independent bridging finance provider based in the United Kingdom.

We are seeking a detail-oriented and organised Payments Coordinator to join the finance team. The Payments Coordinator will be responsible for managing and coordinating the efficient processing of payments, ensuring accurate and timely transactions for our clients, vendors, and internal stakeholders.

The ideal candidate will have strong communication skills, excellent attention to detail, and the ability to handle sensitive financial data with discretion

Key Responsibilities:

  • Payment Processing: Oversee the accurate and timely processing of all incoming and outgoing payments, including but not limited to wire transfers, ACH payments, credit card transactions, and vendor disbursements.
  • Reconciliation: Perform regular reconciliation of payment records, ensuring that all transactions are correctly reflected in the company's financial system and identify any discrepancies or issues.
  • Record Keeping: Maintain and update payment records, ensuring all documentation is accurate, complete, and in compliance with company policies and regulatory requirements.
  • Client and Vendor Communication: Serve as a point of contact for clients, vendors, and internal teams regarding payment inquiries, issues, and status updates.
  • Reporting: Prepare reports on payment activities, trends, and performance metrics for internal stakeholders to ensure timely cash flow management and financial planning.
  • Process Improvement: Assist in identifying opportunities to improve payment processing workflows, increase efficiency, and streamline systems to reduce errors and delays.
  • Compliance: Ensure adherence to all internal controls and external regulatory requirements related to payment processing, including KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
  • Cross-Department Collaboration: Work closely with other departments, such as accounting, operations, and customer service, to address any payment-related concerns or issues

Role Requirements:

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (preferred but not essential).
  • Proven experience (1-3 years) in payment processing or a similar role in a finance or banking environment.
  • Strong understanding of payment systems, financial transactions, and reconciliation procedures.
  • Proficiency with accounting software and Microsoft Office, particularly Excel.
  • Excellent attention to detail with a high degree of accuracy.
  • Strong communication and interpersonal skills, both written and verbal.
  • Ability to prioritize tasks and manage time effectively in a fast-paced environment.
  • Knowledge of financial regulations and compliance requirements (preferred).
  • Ability to handle sensitive financial data with integrity and discretion

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.