Job openings for Settlement Executive in Malad West Mumbai

Job Title: Settlement Executive
Experience: 3- 6 years
Salary Range: upto 6 LPA
Job Summary:
We are seeking a detail-oriented Settlement Executive to manage transaction settlements, reconciliations, and payout processes. The role involves ensuring accurate and timely settlements while coordinating with internal teams, banks, and payment partners.
Key Responsibilities:
• Process daily settlements across payment modes (UPI, cards, net banking, wallets)
• Perform reconciliation between internal systems, banks, and payment gateways
• Identify and resolve transaction mismatches and discrepancies
• Ensure timely payouts to merchants/vendors as per settlement cycles
• Monitor failed, pending, reversed, and refund transactions
• Generate MIS reports and settlement summaries
• Coordinate with banks, gateways, and internal teams for issue resolution
• Maintain documentation for audit and compliance
Required Skills:
• Understanding of payment lifecycle and settlement processes
• Experience in reconciliation and financial operations
• Strong analytical and problem-solving skills
• Good communication and coordination abilities
• High attention to detail and accuracy
Tools & Technologies:
• Microsoft Excel (VLOOKUP, HLOOKUP, Pivot Tables, Advanced Formulas)
• SQL (basic queries for reconciliation and data validation)
• Payment Gateway Dashboards (Transactworld)
• Banking Portals
• Ticketing Tools (JIRA)
Qualifications:
Bachelor’s degree in Commerce, Finance, Accounting, or related field