Director - Cash Reconciliation and Reporting

Summary

Join Flywire as a Director - Cash Reconciliation and Regulatory Reporting and oversee global cash reconciliation of 200+ bank accounts. Partner with accounting, cash management, and treasury teams to ensure daily recording, reconciliation, and reporting. Evaluate current processes, identify areas for automation, and implement changes to improve accuracy and speed. Ensure accurate and timely reporting of cash balances to regulators. Lead a high-performing team, providing coaching, direction, and performance management. Partner with Product and Engineering teams to improve data in core platforms. This role requires a Bachelor's degree in Finance or Accounting, 10+ years of experience in cash operations, reconciliations, and regulatory reporting, and experience with high-volume payments. A CPA or MBA is preferred.

Requirements

• Bachelors degree in Finance or Accounting
• 10+ years of experience working in cash operations, reconciliations and regulatory reporting
• Experience with fintech, payments or financial institutions with high volume and velocity of payments
• Deep understanding of cash reconciliations and related systems
• Proficiency with excel, google sheets and accounting software
• NetSuite, Oracle and reconciliation tools
• Excellent analytical and problem solving skills
• Excellent written and verbal communication skills
• Ability to document process flows and suggest improvements
• Familiarity with various payment processing systems and payment types

Responsibilities

• Oversee global cash reconciliation of 200+ bank accounts across Flywire’s products and solutions
• Partner with accounting, cash management and treasury to ensure daily recording, reconciliation and reporting requirements are met
• Evaluate gaps in current reconciliation processes and drive changes to improve accuracy and speed
• Identify areas where automation or AI can drive efficiencies supporting recording, reconciliation and reporting of all cash movements
• Maintain and reconcile sub-ledgers to accurately identify client vs. corporate cash
• Ensure accuracy and timeliness of reporting of cash balances and related liabilities to regulators (FCA, MTL, MAS, BOL, etc)
• Ensure client and corporate cash is properly segregated, reconciled and reported
• Support preparation of quarterly call reports including determination of total money movement, average daily liability, etc
• Support regulatory examinations
• Support global consolidated audit and local statutory audits
• Lead and a high-performing cash reconciliation and reporting team, providing coaching, direction, and performance management; foster a culture of accountability, innovation and continuous improvement
• Evaluate and implement tools focused on automation of repetitive tasks
• Partner with Product and Engineering teams to improve data in core platforms to support automation and innovation
• Serve as trusted advisor in the controllership function

Preferred Qualifications

• Bachelor's degree in Finance, Accounting, or a related field; CPAA or MBA preferred
• Proven leadership experience with the ability to manage and develop a high-performing team

Benefits

• Competitive compensation, including Restricted Stock Units
• Employee Stock Purchase Plan (ESPP)
• Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
• Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
• Dynamic & Global Team (we have been collaborating virtually for years!)
• Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates
• Be a meaningful part in our success - every FlyMate makes an impact
• Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!
• Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)