Director - Cash Reconciliation and Reporting

Are you ready to trade your job for a journey? Become a FlyMate!

Passion, excitement & global collaboration are all core to what it means to be a FlyMate. At Flywire, we’re on a mission to deliver the world’s most important and complex payments. We use our Flywire Advantage - the combination of our next-gen payments platform, proprietary payment network and vertical specific software, to help our clients get paid, and help their customers pay with ease - no matter where they are in the world.

What more do we need to truly be unstoppable? Perhaps, that is you!

Who we are:
Flywire is a global payments enablement and software company, founded a decade ago to solve high-stakes, high-value payments in education, using modern technology.

Today, we’ve digitized payments for more than 3,300+ global clients across education, healthcare, travel & B2B, covering more than 240 countries and territories and supporting over 140 currencies. And, we’re just getting started!

With over 1000+ global FlyMates, representing more than 40 nationalities, and in 14 offices world-wide, we’re looking for FlyMates to join the next stage of our journey as we continue to grow.

The Opportunity

We, at Flywire, are seeking a Director  - Cash Reconciliation and Regulatory Reporting. This role will be responsible for working with cash management and operations, treasury, product and accounting to ensure accurate reconciliation of incoming cash from payers and outgoing payments to clients/beneficiaries.  Flywire processes over $20+ billion of payments through our various products, and ensuring timely and accurate reconciliation is key to our growth and strategic cash allocation decisions.  In addition to the daily, weekly and monthly cash reconciliation process, this role will be a leader in implementing new systems and processes to drive automation throughout the lifecycle of cash. 
 

*** Key to the ideal candidate will be evidence of directing multi-billion dollar/Euro (or equivalent) cash reconciliation on a GLOBAL SCALE ***

Key responsibilities

Global Cash Reconciliation

• Oversee global cash reconciliation of 200+ bank accounts across Flywire’s products and solutions
• Partner with accounting, cash management and treasury to ensure daily recording, reconciliation and reporting requirements are met.
• Evaluate gaps in current reconciliation processes and drive changes to improve accuracy and speed
• Identify areas where automation or AI can drive efficiencies supporting recording, reconciliation and reporting of all cash movements
• Maintain and reconcile sub-ledgers to accurately identify client vs. corporate cash

Regulatory Reporting

• Ensure accuracy and timeliness of reporting of cash balances and related liabilities to regulators (FCA, MTL, MAS, BOL, etc)
• Ensure client and corporate cash is properly segregated, reconciled and reported
• Support preparation of quarterly call reports including determination of total money movement, average daily liability, etc
• Support regulatory examinations
• Support global consolidated audit and local statutory audits

Leadership & Systems

• Lead and a high-performing cash reconciliation and reporting team, providing coaching, direction, and performance management; foster a culture of accountability, innovation and continuous improvement
• Evaluate and implement tools focused on automation of repetitive tasks
• Partner with Product and Engineering teams to improve data in core platforms to support automation and innovation
• Serve as trusted advisor in the controllership function

Key Qualifications

• Bachelors degree in Finance or Accounting 
• 10+ years of experience working in cash operations, reconciliations and regulatory reporting.
• Experience with fintech, payments or financial institutions with high volume and velocity of payments
• Deep understanding of cash reconciliations and related systems
• proficiency with excel, google sheets and accounting software
• NetSuite, Oracle and reconciliation tools
• Excellent analytical and problem solving skills
• Excellent written and verbal communication skills
• Ability to document process flows and suggest improvements
• Familiarity with various payment processing systems and payment types
• Bachelor's degree in Finance, Accounting, or a related field; CPAA or MBA preferred.
• Proven leadership experience with the ability to manage and develop a high-performing team

Technologies We Use (optional) :

• NetSuite - ERP 
• Excel and Google Sheets
• Cash reconciliation automation tools (FastFour, BlackLine and proprietary tools)

What We Offer:

• Competitive compensation, including Restricted Stock Units
• Employee Stock Purchase Plan (ESPP)
• Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
• Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
• Dynamic & Global Team (we have been collaborating virtually for years!)
• Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates
• Be a meaningful part in our success - every FlyMate makes an impact
• Competitive time off including FlyBetter Days to volunteer in a cause you believe in and
• Digital Disconnect Days!
• Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)

Submit today and get started!

We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a skills assessment. Your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions.

Flywire is an equal opportunity employer. With over 30 nationalities across 12 different offices, and diversity and inclusion at the core of our people agenda, we believe our FlyMates are our greatest asset, and we’re excited to watch our unique culture evolve with each new hire. #LI-Remote

Flywire is an equal opportunity employer.

#LI-Hybrid