Director, Payment Reconciliation & Ledgering

Director, Payment Reconciliation & Ledgering

Innovate with purpose

At BILL, we believe in empowering the businesses that drive our economy. By replacing outdated financial processes with innovative tools, we help businessesfrom startups to established brandsmake smarter decisions and gain control of their operations. And we don't stop there : we're creating the future of financial automation so businesses can spend more time on what matters.

Working here means you become part of a vision-driven team that's ready to tackle challenges and build cutting-edge solutions. We value purpose, drive, and curiosityand we thrive in a fast-paced, ever-changing environment. Whether in one of our offices in San Jose, CA, Draper, UT, or working remotely, BILLders collaborate to deliver real impact for businesses that need more time in their busy weeks.

BILL builds high performing teams and we seek to hire the best talent for every role. We're committed to building a workplace that fosters inclusion and diverse perspectives, valuing each person's unique skills and experiences. We'd love to hear from youyou might be just what we're looking for, whether in this role or another.

Let's give businesses more time for what matters.

Make your impact within a rapidly growing fintech company

The finance function of a major FinTech firm is no longer merely a back-office cost center but a core competitive advantage. At the heart of this capability is a pivotal, hybrid leader : the Director of Payment Reconciliation and Ledgering. This role offers an exciting opportunity to shape the future of payment operations at BILL, a leader in financial automation software.

Based in San Jose, CA or Draper, UT, this Director will lead a team responsible for the accurate and timely reconciliation of all incoming payments from payers and outgoing payments to receivers. This critical function ensures the integrity of financial reporting, specifically for funds held for customers and corresponding customer deposit liabilities. BILL serves over 400K businesses and processes over $75B (30 million transactions) in quarterly payment volume through a variety of complex payment products. The ability to drive timely and accurate reconciliation is paramount to our continued growth and the seamless delivery of BILL's payment services. This role will be a key leader in the implementation of new systems and processes, driving significant automation and efficiency throughout the entire payment reconciliation and ledgering lifecycle.

The ideal candidate will have extensive experience directing multi-billion dollar payment reconciliation and ledgering processes across a diverse range of payment methods, including check, ACH, wire, international, real-time payments and card acquiring / issuing. They will possess a deep understanding of financial controls, regulatory requirements, and best practices in payment operations.

Responsibilities

• Oversee and manage a high-performing team of several payment reconciliation specialists, ensuring accurate and timely reconciliations of various bank and payment processor accounts.
• Strategically partner with accounting, product, engineering, and treasury teams to design, develop, and implement a robust new reconciliation and ledgering infrastructure.
• Proactively evaluate and identify gaps in current reconciliation processes, collaborating with accounting, product, engineering, treasury, and payment operations to drive impactful changes that enhance accuracy and speed.
• Champion innovation by identifying and implementing opportunities where automation or AI can significantly drive efficiencies in the recording, reconciliation, and reporting of all payment activity.
• Collaborate closely with product and engineering teams in the design and implementation of new payment products and enhancements to existing payment offerings, ensuring reconciliation considerations are integrated from inception.
• Develop and implement strong internal controls over the payment reconciliation and ledgering processes to mitigate financial risks.
• Analyze large datasets to identify reconciliation discrepancies, trends, and potential issues, providing insightful recommendations for resolution.
• Manage month-end and quarter-end close processes related to payment reconciliation and ledgering, ensuring all relevant financial data is accurately reflected.
• Develop SLA's for completing reconciliations and resolution of discrepancies

Regulatory Reporting & Audit Support :

Leadership & Systems :

We'd love to chat if you have :

The estimated salary range for this role is noted below for our San Jose based role. Our ranges for each role and job level are based on a variety of factors including candidate experience, expertise, and geographic location and may vary from the amounts listed above. The role is also eligible for a competitive benefits package that includes : medical, dental, vision, life and disability insurance, 401(k) retirement plan, flexible spending & health savings account, paid holidays, paid time off, and other company benefits.

San Jose pay range

$172,600 - $216,300 USD

The estimated base salary range for this role is noted below for our office location in Draper, UT. Additionally, this role is eligible to participate in BILL's bonus and equity plan. Our ranges for each role and job level are based on a variety of factors including candidate experience, expertise, and geographic location and may vary from the amounts listed above. The role is also eligible for a competitive benefits package that includes : medical, dental, vision, life and disability insurance, 401(k) retirement plan, flexible spending & health savings account, paid holidays, paid time off, and other company benefits.

Draper UT pay range

$146,700 - $183,900 USD

What's in it for you?

Redefining how businesses automate their work is a fast-paced, exciting, and fun environment. But we also have benefits and perks to ensure the magic isn't only experienced by our customers, but by our employees as well.

Here is a preview of some of the amazing benefits here at BILL :

BILL is an Equal Opportunity Employer. We believe our best ideas come from the unique stories, perspectives, and experiences of our team members. We welcome people of all backgrounds, abilities, and identities to bring their authentic selves and contribute to our culture.

We are committed to a transparent, inclusive hiring process that reflects our values. If you need accommodations at any stage, please contact interviewaccommod