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Director of Financial Operations

Payfirma19 days ago
Toronto
Senior Level

About the role

Who you are

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
  • 7–10 years of experience in financial operations, reconciliation, or accounting, preferably in transaction-heavy environments
  • Proven experience managing commissions, residuals, or revenue-sharing models
  • Strong proficiency in financial systems and tools
  • Experience working with payment processors, banking systems, or merchant settlement platforms
  • Strong analytical skills with attention to detail in reviewing transaction data and reconciling discrepancies
  • Solid understanding of financial regulations and compliance standards relevant to transaction processing and residuals
  • Excellent communication skills
  • Demonstrated leadership ability with experience managing or mentoring a team
  • Strong organizational and time management skills; able to manage multiple priorities in a fast-paced environment

What the job involves

  • As the Director Financial Operations, you will be responsible for monitoring, reconciling and supporting the company's transaction processing operations as well as the monthly commissions process
  • You would be expected to work closely with our processing partners to stay on top of regulatory and pricing changes and to ensure costs are properly applied to merchants
  • With the support of a team of 3-5 analysts, you will be expected to
  • Monitor and manage daily transaction processing operations to ensure accuracy
  • Reconcile high-volume financial transactions and address discrepancies in a timely manner
  • Maintain oversight of financial flows between internal systems and external processing platforms
  • Lead the monthly calculation, validation, and distribution of residuals and commissions to partners, agents and employees
  • Maintain strong internal controls to safeguard financial integrity and reduce risk
  • Ensure costs from processing partners are accurately applied to merchant accounts
  • Partner with Finance, Sales, Operations, and Technology teams to streamline transaction processes and reporting
  • Identify opportunities to automate and optimize financial operations workflows

About Payfirma

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