Payment Investigation Analyst

Job title: Payment Investigation Analyst

Company: ARA Resources


Job description: Job DescriptionAbout The Company:It is a leading IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise. Over the years we have left an indelible impression in the IT solutions domain with an impressive clientele and an extensive global presence. Our integrated solutions offering is aimed at creating value for our customers, helping them in improving their business processes with minimum hassles and capital outlays.The Role:Associate must perform Wire/Wireless transfer investigations or Payment Investigation procedures, review the Wires that have potential matches, determines validity of match, releases, or escalates the transactions to the concerned team as per the guidelines set.Key Responsibilities:

• Handle payment inquiries received from remitting banks, beneficiary banks, and intermediary banks through authenticated channels (e.g., SWIFT, Tested Telex, or Fed Serv. 1090)
• Generate or correct SWIFT/CHIPS/FedWire messages for issues like duplicates, errors, or cancelled payments.
• Message Repair: Correct errors and ensure compliance with financial messaging standards.
• Fund Transfers: Address inquiries regarding the transfer of funds between accounts.
• Identify and resolve payment-related errors
• Facilitate the return of funds and resolve cases involving cancelled or incorrect payments.

Skills Required:

• Research, investigation and analysing routine payment inquiries received via different message types from Remitting Banks, Beneficiary banks & Intermediary banks.
• Investigation types – Repairing message types and transferring funds from one account to another, Payment inquiries should be received in an authenticated message i.e. SWIFT, Tested Telex or Fed Serv. 1090.
• Investigations of the payment cases could include identification of types of payment errors, duplicate payments, incorrect recipient/beneficiary, incorrect intermediary bank, or incorrect SWIFT message type used, Sanction, etc.
• Correction and creation of different SWIFT/CHIPS/FedWire payment message types used by the sender, duplicate processing, erroneous or cancelled payments.
• Scenarios to be covered – Debit Authorization Pool, Amendment, Cancellation (MCAN), Cover Payments, Return of Funds, Control Function and Urgent Mailbox.

Qualifications & Experience:

• Should have min 1 year of experience in Wire or Payment investigations.
• Should hold a bachelor’s degree with good communication skills.

Required Skills payment investigation, wireless transfer investigation, Swift messagesEducational Qualification Any GraduateJan 24, 2025Pay Rate550000 – 650000 INR Per Annum1 – 5 Years Exp.35 Vacancies

Expected salary: Rs.550000 – 650000 per year

Location: Hyderabad, Telangana

Job date: Sun, 26 Jan 2025 06:40:01 GMT

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