Finance Reconciliation Analyst

Astra Tech is a UAE-based technology investment and development group, embarked on a mission to build the world's first ultra platform & ecosystem, that will disrupt the consumer technology space by rethinking the boundaries of a digital ecosystem.

It will be the first of its kind in the MEA region to simplify the way people & businesses interact, engage and transact with each other. The platform will provide seamless connectivity between consumers and businesses, enabling users to effortlessly access home, e-commerce, and fintech services in one place.

Astra's mission is to enrich people's lives by making communication and e-commerce more seamless, connected, and natural.

Key Responsibilities

1. Offline Payment Recording and Reconciliation

1. Accurately record all offline payment transactions in the financial system, including bank deposits, manual payments, and cash collections.
2. Reconcile offline payments with bank statements and company records on a regular basis.
3. Identify discrepancies between recorded transactions and actual payments, investigate root causes, and correct errors promptly.
4. Maintain and update offline payment logs and ensure accuracy in reporting.

2. Online Record Checks

1. Monitor and verify online transactions across digital channels, including credit card payments, bank transfers, and mobile payment platforms.
2. Conduct daily, weekly, and monthly checks on online payment records to ensure all transactions are captured in the accounting system.
3. Collaborate with IT and Operations to resolve system errors or missing transaction data in online payment records.
4. Prepare regular reports on online payment status, discrepancies, and resolution timelines.

3. Gap Analysis and Reporting

1. Conduct gap analysis to identify missing, duplicate, or incorrect entries in both offline and online payment records.
2. Implement a structured approach for identifying common issues in payment records and recommend corrective actions.
3. Prepare reconciliation reports and variance analysis for Finance and Management, highlighting key findings and trends.
4. Work with the Finance team to develop and implement procedures to minimize recurring discrepancies.

4. Internal Process Improvement

1. Contribute to the development and documentation of reconciliation processes, improving efficiency and accuracy.
2. Assist in implementing automated solutions for reconciliation tasks to minimize manual intervention and errors.
3. Maintain a record of reconciliation procedures and provide training for team members, as necessary.

5. Audit Support

1. Prepare and provide reconciliation documentation for internal and external audits.
2. Ensure compliance with company policies, internal controls, and industry regulations.
3. Assist in responding to auditor inquiries related to reconciliation practices and payment records.

Qualifications

1. Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
2. Experience: Minimum of 2-3 years of experience in a reconciliation, accounting, or finance-related role, preferably in a fintech or financial services environment.

Technical Skills

1. Proficiency in financial reconciliation and accounting software (e.g., SAP, Oracle, or similar platforms).
2. Strong proficiency in Microsoft Excel, with experience in data analysis, VLOOKUPs, pivot tables, and formula functions.
3. Experience with online payment systems and payment gateways (PayPal, Stripe, etc.) is highly desirable.

Analytical Skills

1. Keen attention to detail with excellent problem-solving and analytical skills.
2. Strong capability in conducting data analysis, gap analysis, and root cause identification.

Interpersonal Skills

1. Effective communication skills to work cross-functionally with internal teams and external partners.
2. Ability to manage multiple tasks and deadlines in a fast-paced environment.