Senior Associate Merchant Settlements & Reconciliation

About Snapmint:

India's booming consumer market has over 300 million credit-eligible consumers, yet only 35million actively use credit cards. At Snapmint, we are building a better alternative to credit cards that lets consumers buy now and pay later for a wide variety of products, be it shoes, clothes, fashion accessories, clothes or mobile phones. We firmly believe that an enduring financial services business must be built on the bedrock of providing honest, transparent and fair terms.

Founded in 2017, today we are the leading online zero-cost EMI provider in India. We have served over 10M consumers across 2,200 cities and are doubling year on year. Our founders are serial entrepreneurs and alumni of IIT Bombay and ISB with over two decades of experience across leading organizations like Swiggy, Oyo, Maruti Suzuki and ZS Associates before successfully scaling and exiting businesses in patent analytics, ad-tech and bank-tech software services.

Role Summary:

Responsible for managing daily merchant settlements, reconciliation of merchant balances with books of accounts, monitoring merchant ageing, and resolving merchant queries to ensure accurate and timely settlements.

Key Responsibilities:

• Process daily merchant settlements and ensure timely payouts.
• Perform merchant reconciliation with books and investigate discrepancies.
• Monitor merchant ageing and follow up on outstanding balances.
• Resolve merchant settlement, payment, and reconciliation queries within defined timelines.
• Pass accounting entries related to merchant settlements and adjustments.
• Prepare settlement, reconciliation, and ageing MIS reports.
• Coordinate with internal teams, payment partners, and merchants for issue resolution.
• Support month-end closing activities and audit requirements.
• Identify opportunities for process improvements and automation.

Skills Required:

• Strong knowledge of merchant settlements and reconciliations.
• Good understanding of accounting principles.
• Proficiency in Excel and ERP systems.
• Strong analytical, communication, and stakeholder management skills.

Experience:

• 5–8 years of experience in merchant settlements, finance operations, reconciliations, or fintech/e-commerce environments

Working days: 5 days & Alt sat working

Location: Mumbai (Vidyavihar)