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payout & settlement operations



Bengaluru, Karnataka, India
Posted on Friday, September 15, 2023
what is CRED?
CRED is an exclusive community for India’s most trustworthy and creditworthy individuals, where the members are rewarded for good financial behavior.
CRED was born out of a need to bring back the focus on a long lost virtue, one of trust, the idea being to create a community centered around this virtue. a community that constantly strives to become more virtuous in this regard till they finally scale their behavior to create a utopia where being trustworthy is the norm and not the exception. To build a community like this requires a community of its own; a community special in its own way, working towards making this vision come true.
here’s a thought experiment: what do you get when you put a group of incredibly passionate and driven people and entrust them with the complete freedom to chase down their goals in a completely uninhibited manner? answer: you get something close to what we have at CRED; CRED just has it better.
here’s what will be in store for you at CRED once you join the payment operations team

what will you do?

  • track and monitor merchants, PGs and bank receivables and payables
  • conduct thorough validation checks to ensure accuracy and completeness of data before processing payouts, minimizing errors and delays
  • work with business, product & tech teams to ensure timely disbursements of funds to merchants/partners/vendors
  • work closely with the reconciliation team to identify and resolve transaction exceptions
  • collaborate with cross-functional teams, including finance, reconciliation and operations, to optimize payout process
  • manage relationships with external stakeholders like merchants, payment gateways, banks & aggregators
  • proactively identify and investigate any anomalies or discrepancies in payout transactions, resolving issues promptly to prevent financial discrepancies
  • continuously evaluate and improve payout processes to enhance efficiency and streamline operations
  • develop comprehensive SOP and maintain transaction records for audit and compliance purposes
  • manage invoicing process for merchants/vendors as part of payout process

you should apply if you have:

  • 3+ years of experience in finance, PG settlements or merchant payments
  • adept with MS Excel, Word, PowerPoint, and similar tools
  • advanced analytical and problem solving skills
  • keen attention to detail
how is life at CRED?
working at CRED would instantly make you realize one thing: you are working with the best talent around you. not just in the role you occupy, but everywhere you go. talk to someone around you; most likely you will be talking to a singer, standup comic, artist, writer, an athlete, maybe a magician. at CRED people always have talent up their sleeves. with the right company, even conversations can be rejuvenating. at CRED, we guarantee a good company.
hard truths: pushing oneself comes with the role. and we realize pushing oneself is hard work. which is why CRED is in the continuous process of building an environment that helps the team rejuvenate oneself: included but not limited to a stacked, in-house pantry, with lunch and dinner provided for all the team members, paid sick leaves and a comprehensive health insurance.
to make things smoother and to make sure you spend time and energy only on the most important things, CRED strives to make every process transparent: there are no work timings because we do not believe in archaic methods of calculating productivity, your work should speak for you. there are no job designations because you will be expected to hold down roles that cannot be described in one word. since trust is a major virtue in the community we have built, we make it a point to highlight it in the community behind CRED: all our employees get their salaries before their joining date. a show of trust that speaks volumes because of the skin in the game. there are many more such eccentricities that make CRED what it is but that’s for one to discover. If you feel at home reading this, get in touch.