Reconciliation manager, Payments

Details

Brief info about Vinted

Vinted is the leading second-hand fashion marketplace in Europe and a go-to destination for all kinds of second-hand items. With a mission to make second-hand the first choice worldwide, Vinted enables people to sell and buy second-hand clothes and lifestyle items from each other, helping give those items a second or even third life.

Vinted Go launched in 2022, with a focus on developing products and solutions for more seamless shipping and delivery across Europe. Vinted Go has connected more than 60 carriers and more than 500,000 PUDO points across Europe to support the delivery of millions of parcels per year.

The Vinted Group, composed of Vinted Marketplace, Vinted Go, and Vinted Pay is headquartered in Vilnius, with workplaces in Germany, Lithuania, France, the United Kingdom, the Netherlands and over 2,000 employees. Its backers include Accel, EQT Growth, Insight Partners, Lightspeed Venture Partners, Sprints, and TPG.

Information about the position

We are building a Payments organisation that moves billions of funds for second-hand items across our markets, an organisation that helps us scale anywhere in Europe through an ecosystem of payments providers, compliance and regulatory controls, and that ensures the right payment experience along the way.

As part of the Payments business unit, the Finance team is looking for a hands-on experienced individual to join as the Reconciliation Manager. You will play a pivotal role in the regulated payments business, ensuring that we are compliance with users funds safeguarding requirements at scale.

In this role, you will be responsible for overseeing the reconciliation of segregated funds and ensuring compliance with regulatory requirements in Lithuania, as well as another 2 European jurisdictions in the future. You’ll work closely with key stakeholders across Product, Engineering, Data Science, compliance and finance teams to ensure safeguarding compliance.

In this position, you’ll

• Manage daily reconciliations of segregated funds to ensure compliance with EMI regulatory requirements in Lithuania, and eventually in the other two European jurisdictions.
• Develop and maintain reconciliation procedures and controls, emphasizing automated processes and controls, to safeguard client funds and ensure their proper segregation.
• Coordinate with relevant internal teams, such as engineering and data science, to resolve discrepancies in a timely and efficient manner.
• Manage cash in user funds, including payments between different segregated accounts, payments to adjust reconciliation discrepancies in segregated accounts, and funds conversion between accounts in different currencies.
• Prepare and present regular reports to senior management on reconciliation activities, highlighting key findings and areas for improvement.
• Collaborate with the finance and compliance teams to ensure all operations align with relevant legal and regulatory standards.
• Support the EMI’s expansion by contributing to the strategic planning and implementation of reconciliation processes for new markets.
• Ensure the reconciliation team scales up effectively, balancing automated processes and controls development with team expansion.
• Act as the main point of contact for internal and external auditors auditing user funds safeguarding procedures and controls.
• Regular multi-stakeholder management to communicate, escalate and prioritise reconciliation findings.

About you

• Several years of experience in a financial reconciliation role, ideally within an EMI or a similar financial institution.
• Bachelor's degree in Finance, Economics, Mathematics, or a related field.
• Strong knowledge of regulations related to segregated funds in Lithuania or any other European regulatory frameworks.
• Experience within a payments, investments, FinTech, or technology-driven environment is a plus.
• Comfortable working in a fast-paced and dynamic environment.
• Exceptional attention to detail and analytical skills.
• Strong problem-solving abilities and the capacity to work independently.
• Excellent communication skills, both written and verbal, with the ability to interact effectively with stakeholders at all levels.
• Experience designing effective processes and controls, and collaborating with other teams to implement automated processes.
• Strong proficiency in Excel (advanced modeling, data analysis) and experience with BI tools (e.g., Looker, Tableau, Power BI); experience with a payments reconciliation tool is a plus.
• Excellent written and spoken English.

Work perks

• The opportunity to benefit from our share options programme
• 25 working days of holiday
• Newest MacBook models
• Free access to an office gym
• Digital mental and emotional health support and Employee Assistant Program (EAP)
• Home office support: we provide IT workstation equipment and a personal budget of up to €540 for home workplace furniture
• Private health insurance
• On-site canteen serving delicious homemade food at friendly prices
• Frequent team-building events
• A personal monthly budget for shopping on Vinted
• The opportunity to spend up to 90 days per year - 21 of which can be spent working outside of the EU - on workation
• A dog-friendly office

Working at Vinted

Individual Learning Budget

We invest in your professional growth! As part of our commitment to continuous learning, we offer an annual learning budget to support your personal and career development through courses, certifications, workshops and more.

Hybrid Work

We’ve adopted a hybrid workplace model where 2 days in office are recommended but not enforced. It’s up to you and your team to decide on the exact days you’ll spend working together in person.

Equal Opportunity

The Vinted Group is committed to building an inclusive workplace where people from all walks of life feel a sense of belonging. We welcome applications from people of all backgrounds, identities and life experiences. At Vinted, all applicants are treated fairly without regard to their race, age, religion or belief, sex, national origin, citizenship, gender identity, sexual orientation, disability, or any other protected characteristic.

The salary range for this position is € 4,500 - € 6,083 gross per month.