Payments Analyst Job Description

Payments Analyst Job Description

156 votes for Payments Analyst
Payments analyst provides training to AP associates on specific AP Processes (ex: VIM credit memos, VIM Analytics, Business Rules, etc.).

Payments Analyst Duties & Responsibilities

To write an effective payments analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included payments analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Plays a key role in the planning, testing, and implementation of initiatives and product enhancements and conversions
Identifies product enhancements, documents business needs and determines development impact to current system processing
Strong research and analytical skills with the ability to summarise complex findings
Experience working within a fast-paced financial institution
Degree in commerce, legal and/or relevant qualifications
Evaluate core business requirements provided by product team and review the same with the feasibility of implementation and current application capability
Develop the functional solution to ensure it covers all the functional and non functional business requirements
Develop the functional specification based on the business requirements and functional solution
Identify non-functional requirements that may not have explicitly requested by the business, and engage the business to validate assumptions
Work with the development team to ensure the functional solutions are implementable

Payments Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Payments Analyst

List any licenses or certifications required by the position: ISTQB, DSS, PCI, PMP, MBA, CBAP, QIR, PA, CFE, CCXP

Education for Payments Analyst

Typically a job would require a certain level of education.

Employers hiring for the payments analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Accounting, Education, Computer Science, Economics, Engineering, Business/Administration, Mathematics, Statistics

Skills for Payments Analyst

Desired skills for payments analyst include:

CitiDirect highly considered
Currencies / cut-offs
Swift messages
MS Excel
AML procedures
AP/Purchasing methodology and basic accounting principles
Another scripting language
Business processes and systems
Credit card processes

Desired experience for payments analyst includes:

Proven ability to work independently as an individual contributor on multiple cross-functional team projects
Knowledge of audit, accounts reconciliation and control processes, that involves negotiation with third party vendors and different business partners
Demonstrated influence skills and partnering, strong analytical skills with prior experience in data retrieval, analysis & problem solving (identify root cause to resolve issues)
Required tolerance of ambiguity, be able to work in a dynamic/changing environment
Solid interpersonal skills, team player with the ability to effectively work with others up and down the organization including peers, stakeholders, end users and vendors
Identify and understand the business problem and the impact of the proposed solution on the organisation's stakeholders and operations

Payments Analyst Examples


Payments Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of payments analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for payments analyst
  • Support the test execution as a first level to understand potential issues that are raised and make an assessment as to whether AD team needs to be involved
  • Possess solid knowledge of the Payments business line including strategy, business plans
  • Manage relationships with clients, brokers and internal stakeholders
  • Processing of Cash Wire Payments/receipts within PTM portal and Swift Alliance
  • Familiarity with ADP/Broadridge systems preferred but not required
  • Perform internal Nostro control reconciliations and reporting of Fails to Management
  • Query resolution for clients regarding clearing data and margin payments
  • Analyze existing processes in terms of risk and control frame work, where appropriate make suggestions for improved processing
  • Take ownership of issues, understand key systems and control points in order to capture potential issues, also liaise with IT and other stakeholders to resolve or escalate any issues/ errors etc
  • Extensive payments experience
Qualifications for payments analyst
  • Elicit requirements where at times they are not clearly defined
  • Produce succinct detailed business requirements and functional requirements to a high standard and for multiple audiences
  • Manage requirements and associated changes to the requirements through the project lifecycle
  • Review of solution design to ensure it meets the business requirements
  • Work with stakeholders and associated business units to reduce resistance and effect organisational change
  • Build positive working relationships with key stakeholders across multiple levels of the organisation (senior executives to more junior staff) and multiple areas of the organisation (Product, Operations, Risk, Credit, IT, Regulatory, Finance & Treasury)

Payments Analyst Job Description

Job Description Example
Our growing company is hiring for a payments analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for payments analyst
  • Experience in credit cards is a plus
  • Support individual tenders and pitches to target new and existing DEFT clients
  • Work with sales team to agree DEFT penetration and revenue KPIs within established and new markets and develop scorecards to monitor ongoing business performance
  • Assist with the ongoing development and roll-out of new product enhancements for the DEFT proposition
  • Support internal readiness for implementation of real time payments in the form of the New Payments Platform (NPP), including internal readiness approvals and business case sign off
  • Work across Banking & Financial services to monitor, maintain and improve risk and compliance with particular payments schemes (including PCI-DSS across credit / debit card issuing and acquiring) and payment operations
  • Providing subject matter expertise to inform key decisions around the migration of payment systems across to a single payments hub
  • Assume responsibility for a day-to-day relationships with major payment schemes and payment service providers (APCA, BPAY, FIS Global)
  • A strong payments background
  • Prior experience in the financial Services
Qualifications for payments analyst
  • Should possess a proven track record of Business Analysis, Consulting, requirements gathering, analysis, design, UAT
  • Experience of working as production Support Analyst for Payments applications
  • 8 or more years of working experience in the Banking IT
  • 5 or more years working in a business analyst or in a techno-functional role
  • 3 years of Cash management/ Transaction banking experience
  • Experience in industry file formats such as SWIFT FIN, ISO20022

Payments Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of payments analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payments analyst
  • Strong experience writing documentation from a busines perspective
  • Maintains up to date documentation on daily and monthly procedures documentation of issue resolution
  • Monitor and evaluate Customer’s transactional behavior, taking immediate preventive measures to mitigate the risk of fraudulent and money laundering activity waged against the company
  • Utilize detection tools to identify and action fraud or money laundering activities
  • Adapt to a constantly evolving know your customer and money laundering methodology
  • Act as a liaison with the Risk Analytics and Trust and Security teams regarding fraud patterns to mitigate risk
  • Distinguish between high and low priority situations
  • Ensure all AML and suspicious activities are recorded through various systems, partners and regulatory requirements
  • Drive the day-to-day research and reconciliation of payments activity
  • Investigate and resolve payments issues by collaborating with third party payment providers, internal partners and GCP – Technology team
Qualifications for payments analyst
  • Excellent analytical, problem-solving, and solutioning skills
  • Provide support for the initial design of new processes and/or the re-engineering of existing business processes
  • Responsible for driving process re0engineering activities to improve customer experience, process efficiency and effectiveness
  • Direct accountability to identify
  • Provide input for and assist in the creation of project plans, work assignments, target dates
  • 1+ Investment Banking Operations experience

Payments Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of payments analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for payments analyst
  • Document and implement payment standards and process updates
  • Provide other invoice metric status reports to senior management across multiple functional areas on a weekly and monthly basis
  • Troubleshoot issues with the invoice approval processing system and related systems, MIDAS, SAP, and Quantum, providing guidance and direction to payment specialist team members as necessary on resolutions when actions may not be defined or unclear
  • Participate in reconciliation of contract budgets and facilitates meetings with Outsourcing & Clinical Program Development in order to request amendments for further payment processing
  • Provide internal and external clients with seamless customer service and a consistent high level of quality work in processing of invoices for payment
  • Create and facilitate quarterly monitoring of compliance for departmental payment activity to ensure that payments are being done properly and classified in Quantum correctly
  • Ensure compliance with applicable Corporate and Divisional Policies and procedures by identifying and managing payment risks and issues and escalating compliance and financial challenges as appropriate
  • Overall process improvements, change management and training for functional area
  • Effectively collaborate with internal and external resources
  • Perform daily bank account downloads
Qualifications for payments analyst
  • 5 years+ of experience, having worked on complex assignments for Financial Institutions globally
  • 2+ years Prime Brokerage experience
  • Professional experience as a Business Analyst is a plus
  • Previous experience working a business case
  • BA / Senior BA
  • Bachelor's degree in Business, Finance, Economics, Accounting or related coursework

Payments Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of payments analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for payments analyst
  • Run daily script to separate payments into manual and file groups
  • Download and print all manual allocations sent to GPS mailbox
  • Check that all funds received are sent to the correct payment channel
  • Match funds received to manual allocations received
  • Create the daily Standardized Allocation Template (SAT), which consists of all manual allocations received in .XLS and
  • Convert, where necessary, any allocations that are received in .PDF format
  • Manually key any allocations received via fax or unconvertable PDF
  • Balance all allocations transferred to SAT against original allocations and funds received
  • Prepare, validate and create SAT upload file
  • Forward all funds received information to File desk for processing
Qualifications for payments analyst
  • This person should be a subject matter expert in payments
  • Advanced MS excels are preferable
  • Some overtime work required as needed
  • Minimal travel to GME/Cirro office in Plano, TX
  • Must have Payments industry experience
  • Advanced knowledge of business analysis, project delivery practices and standards across the project life-cycle

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