About the job
Celtic Bank is on the lookout for a meticulous and strategic Merchant Treasury Manager to lead treasury operations supporting our merchant and partner endeavors. This pivotal role will direct all treasury and settlement activities for the Fintech Solutions team. The Merchant Treasury Manager will be responsible for managing cash flow for merchants, ensuring precise settlement accounting and reconciliation across various card networks, administering partner reserves, and proactively assessing financial risks associated with partner accounts.
Key Responsibilities
1. Treasury Management
- Oversee daily cash positioning, liquidity planning, and forecasting to secure adequate funding for merchant settlements and operational requirements.
- Manage bank accounts, payment flows, and treasury controls concerning merchant and partner funds.
- Create short and long-term cash forecasts in line with transaction volumes and anticipated growth.
- Establish and uphold treasury controls to protect both merchant and company assets.
- Enhance working capital and propose funding strategies as network relationships evolve.
- Collaborate with Finance leadership on reporting, analysis, and treasury strategy.
2. Settlement Accounting & Network Reconciliation
- Guide the comprehensive settlement process with all card networks associated with the Fintech Solutions team.
- Guarantee accurate and timely reconciliation between internal systems and network reports.
- Maintain transparent audit trails and ensure adherence to accounting standards and regulatory requirements.
- Work cross-functionally with Operations, Product, and external network partners to optimize settlement processes.
3. Partner Reserve Management
- Develop, implement, and manage reserve methodologies that align with risk exposure and contractual obligations.
- Regularly monitor reserve balances to ensure sufficient coverage for chargebacks, refunds, and potential losses.
- Conduct periodic evaluations and modifications of reserve requirements based on partner performance and risk assessment.
- Effectively communicate reserve statuses and adjustments to internal stakeholders and partners.
- Ensure accurate accounting and reporting of all reserve-related activities.
4. Risk Monitoring on Partner Accounts
- Track financial and transactional risk indicators across partner accounts.
- Identify emerging risk patterns and escalate issues to Risk and senior management as necessary.
- Create dashboards and reporting frameworks to monitor exposure, concentration risk, and loss patterns.
- Assist in developing risk mitigation strategies, including reserve adjustments and funding holds.
- Collaborate closely with Risk, Compliance, and Legal teams to ensure comprehensive risk management.