Treasury/ Accounts Payable Specialist, Modifi
Global B2B Payments and trade services
Open for applications
Global B2B Payments and trade services
21-100 employees
Open for applications
21-100 employees
Company mission
To empower small and medium-sized businesses to trade internationally with digital trade finance.
Role
Who you are
- Bachelor’s degree in Accounting, Business Administration, Finance or Economics
- Minimum 3-4 years of relevant experience
- Trustworthy individual with experienced in working with different banking or payments systems
- Detailed knowledge and understanding of SWIFT payments and system
- Proactive, accurate, attentive to details and well organized
- Strong communicator in liaison with internal and external stakeholder such as banks
- Able to work in fast paced and dynamic environment and to deliver on time
- Proficiency in Microsoft Excel
- Fluent in English, knowledge of German or Dutch is a plus
What the job involves
- We are currently looking for an experienced Treasury/ Accounts Payable Specialist to join our existing team in Amsterdam and shape the future of global commerce with MODIFI!
- Handling daily requests from Transaction Managers to provide international payment confirmations by extracting SWIFT reports from banking system
- Timely and proactive response to specific payment requests (not received or rejected payments) by resolving any issues together with our banks
- Collecting and processing invoices and other payment requests by daily updates of payment registers across several legal entities
- Performing validations of invoices by getting confirmations from owners of the invoice or expense claims
- Assisting in preparation of payments instructions in banking system
- Supporting with bank balances reconciliation
- Other ad-hoc requests related to payments
- Assist with operational cash bi weekly updates including monthly forecast
- Manage daily Treasury functions including producing daily liquidity reports
- Manage relationships with banking partners
- Assist in month end/ad-hoc treasury reporting
- Assist on completing ad-hoc KYC requests
- Assist with automation relating to payment capturing and financial administration
Our take
SMEs play a vital role in global trade, representing 98% of exporters and contributing 30% to global volumes. However, over half of their trade finance requests are rejected by banks, creating a massive $1.5T funding gap. This leaves SMEs unable to seize new trade opportunities despite growing global trade and consumer demands.
Modifi aims to bridge this gap - it provides SMEs with simple digital solutions to finance and manage their trades, protect them from counter-party risk, and easily track their shipments. It services over 1,000 buyers and sellers across more than 40 countries. Since being founded in 2018, Modifi has grown at an astounding rate and is now the only digital trade finance platform for SMEs that spans the three major trading regions of Europe, Asia and North America - a cluster which encompasses approximately 80% of global imports and exports.
Following major funding across multiple rounds, Modifi's current strategy is focused on addressing increasing demand and helping more SMEs trade internationally on their digital platform. Fundamentally, with the OECD predicting that the trade finance landscape is to undergo "profound changes" in the coming years, Modifi has a great opportunity to be at the forefront of change for the better.
Freddie
Company Specialist
Insights
8% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Sep 2021
$24m
SERIES B
Jul 2019
$6.1m
SERIES A
Total funding: $33.5m
Company benefits
- The world is your oyster - we have networks around the globe with offices in Amsterdam, Berlin, Delhi, Dhaka, Dubai, Hongkong, Mumbai, New York, Shenzhen
- You want to get to know your colleagues better?! We organize regular gatherings, events and parties
- At MODIFI we have a very hands-on mindset, giving our people the chance to grow with their responsibilities
Company values
- Push the boundaries
- Grow together
- Make it happen
- Ownership is cool
- Straight talking is encouraged
Company HQ
De Weteringschans, Amsterdam, Netherlands
Articles
Leadership
Nelson Holzner
(CEO)Has 20 years of professional experience in top international firms, startups and high growth companies, and is the founder and ex-CEO of BillPay.
Sven Brauer
(COO)Was a key part in building BillPay, and was also part of Klarna's senior management team until 2018.
Jan Wehrs
(CTO)IT professional with more than 12 years’ hands on experience with various platforms and over 5 years’ experience as Senior IT executive. Also a member of the alphalist network.
Salary benchmarks
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