About our Company:
LemFi (YC S21, Series B) is revolutionizing cross-border financial services for immigrants through its multi-currency platform, processing over $1 billion in monthly transactions. We provide instant remittances, foreign exchange services, and multi-currency accounts, all in one seamless experience.
With 300+ employees across 15+ countries, our platform supports twelve currencies and integrates directly with local banks and mobile money providers, ensuring fast, low-cost transactions. But we’re not stopping at payments. LemFi is building a comprehensive financial ecosystem empowering immigrants with the financial tools they need to thrive—wherever they go.
Our vision: To build the first full-stack financial services hub for the world’s immigrant population. 🚀
Who you are:
You are a candidate who would thrive in a fintech startup environment like ours, where we readily accept individuals with a humble, yet uplifting attitude alongside a diligent sense of work ethic. The teams here at LemFi ore passionate about their work and fields of expertise, but also lend hands on cross—functional responsibilities to ensure the success of the company and the satisfaction of our clientele.
Job Summary:
The role of the Reconciliation Specialist, Latvia, is a hybrid remote/office position within LemFi’s Reconciliations team.
In this role, you should have demonstrated knowledge of how payment and settlement circles work, end to end, at minimum, 3 years in the same or similar role.
Responsibilities are as follows:
- Prompt reconciliation of allocated products.
- Investigate and provide a solution to clearing out breaks/open items in accounts.
- Investigation and recovery of unsettled transactions with partners and banks.
- Ensure the quality and accuracy of data and present it in a way to help the organisation make better decisions.
- Liaising with Customer Management team and Engineering team for the resolution of customer requests and disputes within SLA.
- Monitor disputed transactions for possible fraudulent activity and report to Management.
- Provide relevant information to management on all invalid transactions.
- Work with the Product and Engineering teams to improve the internal process as well as new products for customer satisfaction.
- Analyze income-earning and cost for the organization based on transactions consummated via the partner’s channel.
- Monthly reconciliation summary, design and structured with details and accuracy for journal entries.
- Inter-bank analysis and reconciliation for month end closing
- Inter-company transactions analysis
- Consolidation of Statements for products under your purview
- Maintain the relationships with banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner;
Requirements:
- Advanced education degree is preferred but not required;
- 3-5 years’ experience in the same or similar role at a fintech or financial institution preferred;
- Comprehensive knowledge on how payment and settlement transaction chain work in a global circle;
- Excellent analytical, research, verbal and written communication skills essential;
- Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.
- The team is required to work on a rotating weekend schedule. This involves working either a Saturday or Sunday, roughly once per month.