Braintree Pricing Analyst in Chicago at PayPal

Date Posted: 2/12/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Chicago
  • Job Type:
    Financial Analyst
  • Experience:
    Not Specified
  • Date Posted:
    2/12/2018
  • Job ID:
    R0028260

Job Description

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 210 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

The Braintree Finance and Accounting Support Analyst is responsible for the execution and oversight of operational processes related to Braintree internal controls and SOX reporting requirements. This person will audit Braintree merchant pricing, reconcile differences between merchant contracts and bank data, and investigate the impact of pricing mistakes. The Finance and Accounting Support Analyst will work in tandem with other teams reviewing Braintree to discover, implement, and automate controls. A primary focus of this position is to constantly refine and strengthen the internal control structure at Braintree.

Reporting to the Financial Operations manager, with a dotted line to the Accounting manager, this person will also be responsible for assisting those teams with matters such as modeling merchant pricing reviews, the monthly close, financial reporting requirements and modeling, reconciling transactions posting to bank accounts, monthly gateway billing and losses reporting processes, and testing new product features.


SPECIFIC DUTIES 

  • Perform Braintree merchant pricing audits on a weekly and monthly basis. Review merchant pricing across multiple banking platforms and with different structures. Compare pricing to signed merchant contracts, identify, and quantify discrepancies.
  • Work cross functionally with FinOps, Sox, Compliance, and Product teams to constantly refine and optimize controls – including looking for ways to make them automated and preventative. 
  • Serve as the knowledge expert for all things related to Braintree merchant pricing. Answer questions from PayPal pricing committees, compliance, and management.
  • Utilize internal pricing models to evaluate pricing changes for merchants. Analyze pricing structure, merchant processing history, and processor pricing policy. Make pricing recommendations to Account Manager and assist with ongoing merchant pricing discussions.  
  • Assist Accounting team with managing and coordinating the month end close process. Support preparation of monthly reporting packages for department managers.
  • Partner with Braintree Risk and Account Management teams on the resolution of process flaws, system bugs or other operational issues adversely impacting merchant funding.  Assist development with new product launches and market expansions that impact merchant funding processes. 
  • Work with a high degree of initiative to identify and recommend process improvement opportunities in the areas of pricing, accounting, reconciliation and reporting.


REQUIRED:

  • Bachelors Degree in Finance, Accounting, or Economics required. Master’s Degree a plus.
  • 4+ years relevant work experience in financial operations, accounting, or controllership preferred Proficient in Microsoft Office products, primarily Excel (intermediate level of expertise working with Excel pivot tables, v-lookup and filters strongly desired) Experience with banking systems, SAP, other external systems and software a plus (reconciliation tools, data warehouse, etc.) Previous SQL experience a plus Financial institution or payments industry experience a plus
  • Strong analytical, research, problem solving and critical thinking skills. Strong financial statement and accounting knowledge.
  • Strong attention to detail and organizational skills, with the ability to manage a variety of primary duties as well as actively contribute to new projects.
  • Well-developed sense of urgency and follow through Energy and desire to thrive in a fast-paced organization; ability to handle multiple projects under pressure. 
  • Ability to work flexible hours
  • Strong communication skills - including ability to listen to the needs of others and comprehend complex matters, articulate issues in a clear and concise manner, and present findings as well as recommendations in both oral and written presentations to all levels in the organization
  • Ability to learn and adapt to new product flows and software technologies.
  • Ability to adhere to the highest ethical standards including honesty, integrity.
  • Strong sense of dedication to the Company and the team.


We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.

R0028260

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