Key Duties/Responsibilities: 

• Monitor and reconcile daily cardholder activities, including funding, settlements, chargebacks, and refunds.
• Manage relationships with payment processors and card schemes (e.g. Mastercard, Diners/Discover, China Union Pay, etc.), ensuring full compliance with settlement requirements.
• Submit required reports to card schemes and regulatory authorities in a timely manner.
• Oversee daily merchant settlements, ensuring accuracy and timeliness of payouts.
• Monitor and reconciliation of acquiring account balances.
• Reconcile incoming transactions from card schemes with merchant payouts, addressing discrepancies effectively.
• Collaborate with risk and compliance teams to resolve chargebacks, disputes, and fraud-related financial issues.
• Manage multi-currency receipts from card schemes and oversee accurate conversions into settlement currencies such as EUR.
• Work with banks and FX providers to secure competitive exchange rates for settlements.
• Implement and maintain robust reconciliation processes for multi-currency transactions.
• Track and reconcile customer funds by currency, identifying and addressing any surplus or deficit.
• Monitor and reconcile transaction activities across the issuing and acquiring networks, including identifying chargebacks, fees, and costs.
• Ensure timely and accurate fulfilment of all regulatory and card scheme financial obligations.
• Establish, monitor, and report on key performance indicators (KPIs) and service level agreements (SLAs).
• Regularly review reconciliations to ensure accuracy and completeness.
• Prepare monthly management reporting packs for business and product team reviews, providing insightful commentary.
• Handle internal and external finance queries related to card issuing and acquiring program management.
• Assist the finance team in ensuring the timely completion of statutory accounts and year-end audits.
• Responsible for the issuing and acquiring elements of the Monthly Regulatory.
• Reporting (Central Bank of Cyprus Appendix A, Statistical Reporting).

Key Skills/Experience: 

• Professional qualifications such as ACCA, or equivalent.
• A minimum of 4 years proven experience in treasury operations within the card issuing and/or acquiring sector.
• Strong knowledge of card scheme rules, settlement cycles, and operational processes.
• Proficiency in financial reconciliation and treasury management systems.
• Experience managing foreign exchange transactions and mitigating FX risks.
• Excellent analytical and problem-solving skills.
• Strong communication skills, with the ability to build relationships across internal and external stakeholders.
• Experience with payment technology platforms and APIs.
• Familiarity with regulatory frameworks governing card operations (e.g., PSD2 and Central Bank of Cyprus reporting requirements).
• Familiarity with regulatory frameworks governing Electronic Money Issuance.
• Advanced Excel skills.

Key Benefits: 

• Attractive salary based on skills and experience.
• Private health insurance plan fully sponsored by the company from day one.
• Performance-related bonus.
• Benefits card with exclusive discounts to shops, restaurants, private schools etc.

To apply for this vacancy, please send your CV, along with any covering letter to [email protected] quoting the above job title. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to. By sending us your CV you are giving CareerFinders your consent to be contacted for this and any other suitable vacancies that we believe match your skills and experience. To view our privacy policy, please click www.careerfinders.com.cy/privacy-policy.