Payments Settlement Operations Manager

1 month, 1 week ago
Full-time
Senior
Operations
Versapay

Versapay

Versapay provides cloud-based accounts receivable automation software and integrated payment solutions that enhance efficiency and cash flow for businesses by facilitating electronic invoice presentment and online payment collaboration with customers.

Capital Markets
51-250
Founded 2006
$16M raised

Description

  • Oversee and audit daily settlement operations across ACH, wire, card, and alternative payment methods.
  • Monitor, investigate, and resolve exceptions, rejects, discrepancies, and returned items in payment processing.
  • Reconcile daily transactions and align settlement activity with invoice reconciliation.
  • Escalate unresolved payment issues and coordinate resolution with internal and external stakeholders.
  • Lead automation initiatives to reduce manual work and improve operational efficiency.
  • Partner with Product and Engineering to improve payment workflows and system capabilities.
  • Prepare, analyze, and present reports on payment activity, settlement performance, and operational trends.
  • Ensure adherence to internal controls, regulatory requirements, and audit standards.
  • Supervise and mentor settlement analysts and specialists, including performance reviews and KPI setting.
  • Collaborate with Finance, Accounting, Customer Support, Legal, Compliance, and external vendors to support seamless operations and new payment products.

Requirements

  • Bachelor’s degree in Finance, Accounting, Engineering, Mathematics, or a related quantitative discipline.
  • 5+ years of experience in payment operations.
  • At least 2 years of managerial experience.
  • Strong understanding of settlement systems, ACH processing, and dispute resolution.
  • Experience with automation tools and ERP/payment platforms.
  • Excellent communication, analytical, and leadership skills.
  • Familiarity with payment processing platforms and settlement automation tools such as Aurum Solutions, AutoRek, or similar (preferred).
  • Experience scaling operations in a high-growth environment (preferred).
  • Knowledge of current and emerging payment technologies (preferred).

Benefits

  • Remote work in the United States.
  • Full-time regular employment.
  • Annual salary of $100,000 to $110,000.

Interested in this position?

Apply directly on the company website

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