Payments Operations Analyst

Payment Operations Analyst – Reconciliation

Edinburgh

Full-time

In office 4 days/week

• Do you have experience working with reconciliations or payment schemes?

• Do you want to work in a fast-paced environment supporting critical financial operations?

• Do you want to contribute to new product initiatives while developing your expertise in embedded payments?

If so, we’d love to hear from you!

Who We Are

Our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, initially across the UK and Europe, to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products. Find out more about us on our website and careers site.

What You’ll Do

• Prepare and complete daily client money and bank reconciliations within established deadlines, following the company’s reconciliation policy.

• Identify, investigate, and resolve non-reconciled items, escalating and driving root cause analysis to prevent recurrence.

• Monitor real-time payment and transaction flows, identifying trends or potential reconciliation issues.

• Support the accurate processing of client money transactions across schemes including Faster Payments, BACS, CHAPS, SEPA, Direct Debits, card transactions, and FX.

• Collaborate with internal teams and external providers to resolve reconciliation and payment queries in line with regulatory and scheme requirements.

• Act as a subject matter expert, supporting new product initiatives, reporting, incident management, and continuous improvement activities.

Who You Are

What You’ll Need

• A proactive approach to leveraging emerging technologies, including AI, to enhance operational efficiency and decisionmaking.

• Previous experience in reconciliations, payments, or treasury within an operational team.

• Solid understanding of at least one UK or international payment scheme.

• Strong multi-tasking, prioritisation, and time management skills; adaptable and resilient.

• Excellent Excel skills and awareness of Snowflake / SQL queries or similar.

Nice to Haves

• Experience working with Electronic Money Institution (EMI) regulations.

• Familiarity with root cause analysis techniques.

• Exposure to card payments or FX processes.

What We Offer You

• Share Options – We offer a Company Share Option Plan (CSOP), giving you the opportunity to benefit from any increase in share value in the event of a sale, merger, or flotation.

• Bonus – Our annual discretionary bonus, paid in May for the previous year, is based on both company and individual performance.

• Flexible benefits – £1000 to spend on benefits to suit you, including private medical insurance, gym membership, dental etc.

• Wellbeing app – Confidential, on-demand access to therapy, coaching, counselling, management training or mindfulness sessions with accredited professionals.

• Holidays – 33 days annual leave (including bank holidays) plus your birthday off. UK Christmas Day, Boxing Day, and New Year’s Day are fixed holidays; the remaining days are flexible.

• Learning opportunities – Our two-day onboarding program, ModStart, equips you for success, with ongoing development support throughout your career.

• Company-Wide Events – Participate in collaborative and engaging events with colleagues across the business.

• Bike to Work / E-bike Scheme

ModInclusion

At Modulr, we’re committed to building a diverse, equitable and inclusive culture where everyone feels they belong and can bring their whole self to work. We welcome applications from candidates of all backgrounds as we believe it’s the right thing for our people, our business, and the community we operate in.

By submitting your CV you understand that we have a legitimate interest to use your personal data for the purposes of assessing your eligibility for this role. This means that we may use your personal data to contact you to discuss your CV or arrange an interview, or transfer your CV to the hiring manager(s) of the role you have applied for. You can ask us at any time to remove your CV from our database by emailing [email protected] – but please note that this means we will no longer consider you for the role you have applied for.