Pricing Manager

Job not on LinkedIn

November 14

🐊 Florida – Remote

Although this job is listed in Florida, this company may be open to hiring remote in other states.

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

🦅 H1B Visa Sponsor

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Fortis

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Fintech • SaaS • B2B

Fortis is a leader in embedded ERP payment processing, offering a robust platform for integrating payment solutions seamlessly into ERP software environments. As an embedded payments partner in NetSuite, Fortis provides extensive services including payment facilitation, automation, and security tools for diverse industries such as healthcare, hospitality, retail, and eCommerce. Their solutions feature advanced processing capabilities like Level 2 and 3 processing, click-to-pay invoicing, and PCI compliance, ensuring frictionless and efficient financial operations for businesses. With a focus on customized payment solutions that enhance business intelligence and reporting, Fortis serves as a critical partner for businesses aiming to optimize their financial workflows and improve customer experiences.

201 - 500 employees

💳 Fintech

☁️ SaaS

🤝 B2B

💰 Private Equity Round on 2019-12

📋 Description

• Manage Interchange qualification and optimization through partnership with development team (CEPD project). • Develop and refine merchant pricing strategies, including Interchange Plus, Tiered, and Flat Rate models. • Analyze transaction fees, interchange costs, and risk factors to improve pricing models. • Work with sales teams to structure competitive and profitable merchant pricing agreements. • Implement repricing initiatives that align with card releases in addition to off-cycle actions. • Reconciliation of incoming monthly residual payments and other primary sources of revenue (gateway). • Monitor revenue trends and identify discrepancies in residual payments. • Prepare sales incentive analyses for new partner relationships (dev incentives, Schedule A approvals per authorities matrix). • Reconciliation of outgoing residuals to ensure alignment with Schedule A and expected margin. • Implement process improvements to streamline Merchant Pricing and Profitability Optimization responsibilities. • Partner with BI and Underwriting to ensure access to necessary data is available and centralized. • Ensure compliance with industry regulations, contractual agreements, and internal financial policies.

🎯 Requirements

• 4+ years of experience in financial analysis at a payment processing company. • Bachelor’s degree in Finance, Accounting, Business, or a related field. • Strong analytical skills with a solid understanding of Interchange, card brand fees, merchant pricing models, and residual revenue structures. • Advanced proficiency in Excel and financial modeling tools (experience with BI tools is a plus). • Experience with payment processing platforms (particularly Fiserv). • Ability to work cross-functionally and present complex financial data to stakeholders.

🏖️ Benefits

• Health insurance • Professional development