Title: Billings Specialist
Company Name: Cuscal
Job Location: Australia, New South Wales, Sydney, CBD, Inner West & Eastern Suburbs, sydney
Employment Status: Contract/Temp
Who We Are
Cuscal Limited is an unlisted public company and one of five licensed banks in Australia with full direct connectivity and production capability across all domestic payment systems. Whilst the four major banks exploit this capability for their consumer and business clients, Cuscal’s B2B model focuses on enabling other banks, fintech’s and corporates to deliver innovative and competitive payment and digital solutions to their clients.
Given the number of organisations Cuscal enables within the Australian banking and payment systems, it has been designated as systemically important by the Australian Prudential Regulation Authority, the Reserve Bank of Australia and Standard and Poor’s. This unique market position combined with a conservative balance sheet has contributed to Cuscal’s A+ credit rating.
Cuscal’s relevance and industry influence is greatest in recent innovations such as a real-time account to account payments and digital wallets (the Pays). These initiatives are great examples of Cuscal’s ability to anticipate and competitively respond to innovation and market developments. As a result, Cuscal processes around 20% of all real-time transactions and enables around 80% of all organisations that use Apple Pay, Samsung Pay and Google Pay. Cuscal is also the market leader in providing other digital wallet options such as Fitbit Pay, Garmin Pay and virtual cards generally.
The majority of Cuscal’s revenue is derived from enabling other banks. Cuscal support’s a large proportion of the mutual banking sector and well-known brands such as ING, Bendigo and Adelaide Bank, AMP Bank, ME Bank and Bank of Queensland. However, Cuscal is securing growth in the fintech and corporate sector by supporting organisations such as Square, Global Payments and Azupay.
Cuscal recognises the correlation between payments, data, and digital banking experiences. To ensure future relevance and market share, Cuscal is investing in adjacencies or related services such as Fraud Services, Open Banking and Consent Management services.
The primary purpose of this role is to support billing and accounts receivable activities to ensure they are executed in a timely, efficient, effective and accurate manner. A component of the role will be to initiate and deliver process improvements in billing processes.