Hybrid Payment Operations Manager

Posted last month

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About the role

  • Payment Operations Manager leading end-to-end repayment operations to support Clasp's educational financing platform. Ensuring accurate repayment execution and enhancing operational workflows for employer partners' employees.

Responsibilities

  • Own the full repayment operations lifecycle – from roster validation and repayment scheduling to invoicing, reconciliation, and confirmation.
  • Execute and optimize monthly repayment cycles: QA repayment schedules, validate employee eligibility, and ensure accurate invoicing and disbursement of employer funds.
  • Manage repayment exceptions and escalations: Track failed transactions, reversals, and manual payments (e.g., pay-by-phone with loan servicers) to resolution, identifying root causes and designing prevention mechanisms.
  • Develop and maintain operational playbooks for repayment workflows, exception handling, and compliance procedures.
  • Partner with Finance and external payment partners (e.g., Dwolla) to reconcile transactions, confirm disbursements, and ensure regulatory compliance.
  • Collaborate with Product & Engineering to drive automation of repayment workflows, improve error handling, and enhance visibility into repayment data.
  • Support Partner Success in resolving employer-related repayment inquiries and ensuring smooth fund transfers.
  • Monitor and report repayment performance metrics, highlighting trends, risk factors, and opportunities for process improvement.
  • Ensure compliance with industry and regulatory standards governing education finance and payments.

Requirements

  • 3–5 years of experience in repayment operations, financial operations, payments, or benefits administration.
  • High attention to detail with a strong commitment to accuracy and data integrity.
  • Familiarity with payment operations tools (e.g., ACH processing, reconciliation workflows, or payment platforms like Dwolla, Plaid, or similar).
  • Strong process management skills – comfortable managing recurring cycles with precision and accountability.
  • Analytical mindset with proficiency in Excel/Google Sheets for data validation and reconciliation.
  • Excellent communication skills – able to translate complex operational issues clearly across technical and non-technical stakeholders.
  • Experience in regulated industries (fintech, benefits, or financial services) and a willingness to become a subject matter expert in repayment and compliance.
  • Bias toward action and ownership – able to balance strategic thinking with hands-on execution.

Benefits

  • Competitive cash and equity compensation
  • Health benefits (health, dental, & vision)
  • 401k with match
  • Commuter benefits
  • Flexible PTO policy
  • Opportunities to grow and perform in a fast-paced environment alongside a stellar team.

Job title

Payment Operations Manager

Job type

Experience level

Mid levelSenior

Salary

$100,000 - $130,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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