Software Engineer, Modern Treasury
Reconciliation
$120-270k
Salary dependent on location. + Equity
More information about location
Payment operations solutions
Job no longer available
Payment operations solutions
101-200 employees
Job no longer available
$120-270k
Salary dependent on location. + Equity
More information about location
101-200 employees
Company mission
To transform how teams mov and track money - to support impactful businesses rooted in trust and transparency.
Role
Who you are
- 5+ years of professional software engineering experience
- Experience in the payments industry, with a strong preference for expertise in ACH, Wire, or FX
- Experience working with large-scale, high-availability systems
- Prior experience in automatic cash reconciliation is highly desirable
What the job involves
- We are looking for a Senior Software Engineer to join our Reconciliation Platform team
- Reconciliation is a critical piece of our core Payments product as it ensures the correctness of funds in accounts versus payment activity
- This delivers on the core value proposition of Modern Treasury by giving our customers assurances that their payment activity is correctly reflected in their accounts
- When our customers see the green checkmark next to a transaction in our app then that is one less thing for them to worry about and they can focus on running their core business
- Contribute to our core mission through increasing the capabilities of our Reconciliation Engine
- Our automatic reconciliation rate is already industry leading; we are constantly working to improve it especially given an ever increasing diversity of businesses on our platform
- Focus on architecting for scale so we can continue to deliver best in class performance to a rapidly growing customer base
- Help to shape a new set of products we are building to meet the sophisticated financial operating needs of modern enterprises
- Spend time getting to know our customers and their specific needs so that we always operate from a position of customer empathy
- Build and work in collaboration with cross-functional (Product Management, Customer Support / Success, Sales) partners to help define roadmap and to quickly address customer issues
- Educate and evangelize your work to the rest of the Company and our customers
Otta's take
Xav Kearney
CTO of Otta
Modern Treasury is a fintech company looking to modernize legacy B2B banking by accelerating the pace of payments. Its payments operation software offers real-time transaction tracking and an API or dashboard to help companies manage payments from a single place. With approximately $120 trillion in B2B business payments processed annually globally, Modern Treasury is tapping into a huge market opportunity.
Key to the success of its offering has been to renovate legacy payment methods, such as checks. Its software significantly reduces the processing time required to carry out transactions - and is applicable across a broad swathe of high-value sectors like real estate, healthcare, and financial services.
With rapid market expansion and accelerating digital transformation, Modern Treasury has experienced impressive growth since its 2018 founding, quickly achieving Unicorn status. Partnerships with Metropolitan Commercial Banks and products like Global ACH highlight suits value and adept navigation of a growing customer base.
Insights
Company
Funding (last 2 of 5 rounds)
Mar 2022
$50m
SERIES C
Oct 2021
$85m
SERIES C
Total funding: $183.2m
Company values
- Helping our customers build their own best companies
- Creating the conditions for personal and professional growth
- Making decisions for longevity
Company HQ
Union Square, San Francisco, CA
Founders
Dimitri Dadiomov
(CEO)They studied at Stanford and Harvard, and have held senior positions at Foundation Capital and LendingHome.
Matt Marcus
(CPO)A Dartmouth graduate and former Y Combinator member, they previously worked at LendingHome as a Senior Software Engineer.
Sam Aarons
(CTO)They studied Computer Science at Columbia and were a Senior Software Engineer at LendingHome.
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