Cost of Sales - Interchange Unit, Senior Associate jobs in United States
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Checkout.com · 2 months ago

Cost of Sales - Interchange Unit, Senior Associate

Checkout.com is a leading global payment solutions provider that powers billions of transactions annually. The Senior Associate in the Cost of Sales - Interchange Unit will be responsible for analyzing and managing interchange rates, contributing to cost of sales reporting, and collaborating with internal and external stakeholders to enhance efficiency and compliance.

FinTechPaymentsTransaction Processing

Responsibilities

Monitor, analyze, and interpret interchange rates, rules, and regulations from various payment networks and partners relevant to our operations in any international markets CKO serves
Perform regular reconciliation of interchange fees and related costs, identifying and resolving discrepancies in a timely manner
Develop and maintain models to forecast interchange costs and assess the financial impact of changes in interchange structures
Support the implementation of new interchange programs and ensure system configurations accurately reflect current fee structures
Contribute to the month-end closing process for cost of sales, ensuring all interchange and related costs are accurately accrued and reported
Liaise with internal teams (e.g., Finance, IT, Product, Sales, Operations) to provide expertise on interchange and cost of sales matters
Support client-facing teams by providing insights and resolving queries related to interchange fees and their impact
Collaborate with external partners, including payment networks, on interchange-related issues and initiatives
Identify and recommend improvements to processes, systems, and controls within the Cost of Sales & Interchange function to enhance efficiency and accuracy
Maintain comprehensive documentation of interchange rates, processes, and analyses
Provide guidance and support to junior team members as required
Stay updated on industry best practices, emerging trends in payments, interchange, and cost management

Qualification

Payment industry experienceInterchange analysisSQLMicrosoft ExcelBI toolsAnalytical skillsCard SchemesProblem-solving skillsCommunication skillsAttention to detailTeam collaborationInitiativeOwnership

Required

4+ years of experience in the payment industry in the Card Schemes pricing domain and/or in high-volume transaction environment
Excellent analytical and problem-solving skills, with motivation to find end-to-end solutions
Ability to work cross-functionally and with remote teams
Excellent attention to detail and ability to work with complex datasets
Ability to meet tight deadlines in an evolving environment and sometimes shifting priorities
Willingness to take the initiative and continuously learn
Strong sense of ownership and accountability
Proficient in Microsoft Excel, SQL
Bachelor's degree in Finance, IT or Analytics
Fluency in English, and superb communication skills at all levels

Preferred

Experience BI tools, JIRA, Retool is a plus
Knowledge of Interchange and Scheme Fees, Card Schemes and Payments Processing will be an advantage

Company

Checkout.com

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Checkout.com is a global provider of payment solutions that help businesses and communities thrive in the digital economy.

Funding

Current Stage
Late Stage
Total Funding
$1.83B
Key Investors
Tiger Global ManagementCoatue
2022-01-12Series D· $1B
2021-01-11Series C· $450M
2020-06-22Series B· $150M

Leadership Team

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Guillaume Pousaz
Founder & CEO
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Mariano Albera
Chief Technology Officer
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Company data provided by crunchbase