Reconciliation & Settlement Analyst - BIN Sponsorship

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Who we are:

Welcoming, collaborative and having the opportunity to make an impact - is how our employees describe working here.  Galileo is a financial technology company that provides innovative and revolutionary software products and services that power some of the world's largest Fintechs. We are the only payments innovator that applies tech and engineering capabilities to empower Fintechs and financial institutions to unleash their full creativity to achieve their most inspired goals. Galileo leads its industry with superior fraud detection, security, decision-making analytics and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow's payments challenges today. We hire energetic and creative employees while providing them the opportunity to excel in their careers and make a difference for our clients. Learn more about us and why we work here at https://www.galileo-ft.com/working-at-galileo.

The role:

We are seeking a detail-oriented and analytical Reconciliation & Settlement Analyst to support our BIN Sponsorship program. This role is responsible for ensuring the accuracy, completeness, and timeliness of financial reconciliation, settlement processing, network reporting, and exception handling across card issuing, program managers, and sponsor bank requirements. The ideal candidate understands card network flows, settlement timing, ledger management, and dispute/chargeback impacts.

What you’ll do

Reconciliation (Daily / Weekly / Monthly)

• Reconcile cardholder transactions, ledger balances, program manager accounts, and sponsor bank settlement reports.
• Match authorization files, clearing files, settlement files, and processor reports (e.g., issuing processor to issuing processor).
• Validate interchange, fees, chargebacks, adjustments, and network assessments.
• Identify, research, and resolve breaks or exceptions in a timely manner.
• Ensure alignment between internal systems, processor systems, and BIN Sponsor’s settlement ledger.

Settlement & Funding Operations

• Prepare and process daily settlement entries, prefunding, ACH/Wire movements, and reserve account adjustments.
• Monitor funding requirements for programs and escalate potential shortfalls.
• Coordinate with Program Managers and Sponsor Bank teams for settlement cutoffs.
• Validate funding instructions and settlement windows across Visa, Mastercard, or Discover networks.

Program & BIN Sponsorship Support

• Maintain accurate records for each BIN/program, including settlement cycles, interchange targets, and contracted fee schedules.
• Support onboarding of new program managers by setting up new reconciliation templates and settlement flows.
• Ensure compliance with Network operating rules for money movement, reporting, and settlement accuracy.
• Assist with audits, exams, and regulatory reporting (e.g., monthly BIN reports)

Exception Handling & Reporting

• Manage failed settlements, disputes-related adjustments, settlement deltas, and negative balance conditions.
• Produce daily/weekly dashboards on settlement performance, breaks, liquidity exposures, and trends.
• Communicate root cause and remediation steps to stakeholders (Risk, Product, Program Management).

What you’ll need:

Skills & Qualifications

• 3–5+ years in reconciliation, settlement, or card issuing operations at a fintech, processor, or sponsor bank.
• Strong understanding of card issuing flows: auth, clearing, settlement, interchange, and network fees.
• Experience with at least one card processor (Marqeta, Galileo, i2c, Fiserv, Stripe Issuing, etc.).
• Advanced Excel/Google Sheets skills (VLOOKUP/XLOOKUP, pivot tables, data cleansing).
• Familiarity with SQL a plus.
• Advanced Level of English (Mandatory)
• Strong analytical and problem-solving skills.
• Ability to manage deadlines and high-volume data with accuracy.
• Excellent communication skills for cross-functional issue resolution

Why you’ll love working here:

• Competitive salary packages and bonuses
• Supplemental medical, dental, vision and life insurance benefits.
• Generous vacation and holidays
• Paid parental leave for eligible employees
• Great health & well-being benefits including: telehealth parental support, subsidized gym program
• Fully stocked kitchen (snacks and drinks)

Galileo Financial Technologies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Galileo is committed to an inclusive culture. As part of this commitment, Galileo offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.