About FamPay

FamPay is building India’s first neo-bank exclusively teens. FamPay helps teens make their own online and offline payments through UPI, FamPay App and FamCard. Our aim is to make banking cool for teens and to help them learn the value of money, savings and spending wisely. We are on a mission to raise a new, financially aware generation, and drive 250 Million+ Indian teenagers to kickstart their financial journey super early in their life.

Founded in 2019 by IIT Roorkee alumni, FamPay is backed by some of the most respected investors around the world like Elevation Capital, Y-Combinator, Sequoia Capital India, Venture Highway, Global Founder’s Capital and the likes of Kunal Shah, Amrish Rao as angels.

About this Role

Debit 'em issues to build those Credits!

As a Reconciliation Manager at FamPay, you will have overall responsibility for accounts reconciliation, bank reconciliation, weekly and monthly reporting. You will check for any revenue leakages in the system by doing a regular reconciliation and work closely with the tech teams. Additionally, you will also be undertaking day-to-day reconciliation of deposits and withdrawals into the Nodal account.

If you're allergic to number mismatches, apply now!

On the Job

Manual bank MIS reconciliation with system data and matching of funds on daily basis -
Co-ordinate with Banks for issues in reconciliation and payment related issues.
Post Nodal manual account reconciliation on a daily basis, provide day end summary to the accounting team for passing appropriate accounting entries.
Maintaining Nodal Account Health by keeping check on funds lying and Age analysis of the same.
Work closely with Tech teams to understand where the daily MIS files are stuck and ensure the same are ingested into the dashboard to attain 100% reconciliation. Also, find innovative ways of automation.
Manual verification and Validation of the MDR commissions, Payment gateway and partner fees
Ensuring the commissions and fees are charged as per the agreed commercials with the banks. - Manually balancing and matching the funds at day ends.
Research and solve payment discrepancies.
Resolve invalid or unauthorised deductions by following pending deductions procedures.
Generate monthly, quarterly and annual financial statements and reports detailing paid and unpaid invoices and other accounts receivable activity.
Month End Deliverables: Cost reports and Gross margin analysis

Requirements

Bachelor’s degree in Finance
1-3 years of working experience in the field of Reconciliation and Merchant Settlement.
Similar working experience in a Payment gateway/aggregator is a plus
Proactive personality and self-driven
Takes ownership and has whatever it takes attitude
Excited to work in a fast-paced environment
Excellent communication and interpersonal skills
Enthusiastic about early stage start-ups
Proficient in Microsoft Office suite of products specially MS Excel to handle large volumes of data.
Motivated self-starter able to work independently with minimal supervision as well as cooperatively with others within and across functions

Why should you join us?

Every once in a while, a product comes to life that makes people think, why was this not done earlier? The users love it, the investors dream about the great returns and the team feels the joy and pride every day. We have strong indicators for users & investors, and we are building a team that will have stories to tell all their life.

We believe that a great product is built by a high-quality team that finds purpose and joy in their work, and we also go beyond it to put heavy emphasis on having fun at work as well.

Perks

1. Competitive Salary

2. Industry's best ESOPs scheme

3. Medical Insurances suiting your needs

4. Subscriptions to premium platforms

5. Access to Mental health professionals

6. Friendly leaves policy

Know more about us!

First Payments App Exclusively for Teens in India

Before FamPay, the only experience teens could have with money was asking their parents for more. By allowing them to make and receive payments, track their transactions, build a savings streak, and earn exciting rewards, we are enabling them to finally start gaining financial autonomy.

India’s First Numberless Card

Sleek, black, and numberless, our FamCard is aesthetically on point and makes carrying your card around super secure.

India’s First Visa Card for Teens

The most personalized card ever with doodles on it! Making your own payments wherever you go is not only more convenient than ever but also in vogue💁‍♀️

Trusted by Marquee Investors

We are backed by internationally acclaimed investors including Elevation Capital, Y-Combinator, Sequoia Capital India, Venture Highway, Global Founder’s Capital, and the likes of Kunal Shah, and Amrish Rao as angels.

LinkedIn Top Startups

We were one of LinkedIn’s Top 25 Startups for 2021. Valuing talent over degree and creating a people-first culture has its perks ;)

Check out what Life at Fam looks like! 🌴

FinOps - Reconciliation