One of our clients in Limassol, CySEC regulated Forex Company, is looking for an experienced Head of Payment who will be responsible for ensuring that the Payment Service Providers and Banks integrated with the platform of the company are operational at all times, and resolve any issues that may arise in an effective and timely manner.
Conduct research to identify new Banks and PSPs
Recommend new banks and PSPs to the Management according to business needs and provide guidance to the Management regarding related issues
Interaction with PSP’s and ability to develop long-lasting relationships and negotiate terms and conditions
Dealing with the onboarding of banks and PSPs and integration
Monitoring bank and PSP fees are correctly charged according to the agreement
Suggestions and implementation of how we can decrease banks and PSP fees
Comparison of fees between banks and PSPs, and optimisation of fee structure
Suggestions and implementation how we can decrease declines from PSPs and how to increase Approval rates
Corresponding with banks and all PSPs on issues
Reconcile payments received against statements from PSP and ensure that the correct amounts are recorded in the company’s official records
Monitoring accuracy of fees deduction and rolling reserve from the PSP
Keeping track of market trends, looking for cost – reduction opportunities, checking – approving contracts / commercial parts / developing relationships with external contacts all over the world
Report to the CEO and CFO
Skills and Qualifications:
A-Level education level, partly qualified/qualified in Accounting, Banking, Commerce or Business and Computing.
5 years of industry experience, ideally having previously worked at a Financial Institution. Specific knowledge of the card payments industry will be considered as an advantage.
Highly motivated with excellent problem solving and analytical skills.
Excellent communication skills.
Communicate clearly and concisely to the Chief Financial Officer.
Able to work on own initiative with excellent attention to detail.
The working hours: 09:00 a.m. – 18:00 p.m.
To apply for this vacancy please send an English version of your CV to [email protected] with subject: Head of Payment VAC-19553M
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