RUSHIT PANCHAL
Toronto
Summary
Reconciliation and financial operations professional with strong experience in high-volume bank and Canadian payments environments. Specialized in daily cash, settlement, and bank account reconciliations, exception and aging management, and process automation using Excel and SQL. Proven ability to investigate variances, resolve breaks, support audits, and drive continuous process improvements in fast-paced, regulated environments.
Overview
2
2
years of professional experience
Work History
Settlement Lead
PSP–CUFI
Vaughan
04.2025 - Current
- Lead daily and month-end bank and settlement reconciliations across Central 1, ATB, Tangerine, Meridian, RBC, and BMO.
- Managed high-volume settlement flows following the acquisition of NCR Atleos’ Canadian operations.
- Investigate and resolve reconciliation breaks, aged items, chargebacks, and financial adjustments.
- Prepare funding analysis, settlement variance reports, and management-level reconciliation summaries.
- Automated reconciliation workflows using Excel macros, reducing daily completion time to ~2 hours.
- Calculate and validate month-end switch fees, transaction volumes, and settlement differences.
- Act as escalation point for client inquiries, investigations, and system-outage impacts.
- Support audits through documentation, walkthroughs, and control evidence while driving process improvements
Settlement Specialist
PSP Services
Vaughan
03.2024 - 03.2025
- Performed daily cash and settlement reconciliations for card brands and merchant clients.
- Investigated out-of-balance conditions and processed financial adjustments per policies.
- Analyzed large datasets using Excel pivots, lookups, formulas, and macros.
- Supported daily movement of funds across multiple settlement systems.
- Responded to internal and external inquiries and escalated issues as required.
- Identified opportunities to improve reconciliation accuracy, efficiency, and controls.
Administrative Coordinator
Clutch Technologies
Ontario
11.2023 - 03.2024
- Managed and validated high-volume operational and licensing data using Google Sheets and internal systems.
- Performed data checks and reconciliations to ensure accuracy of ownership and registration records.
- Investigated discrepancies and resolved inquiries to support smooth operations.
- Coordinated with cross-functional teams to meet regulatory and operational deadlines.Managed and validated high-volume operational and licensing data using Google Sheets and internal systems.
- Performed data checks and reconciliations to ensure accuracy of ownership and registration records.
- Investigated discrepancies and resolved inquiries to support smooth operations.
- Coordinated with cross-functional teams to meet regulatory and operational deadlines.
Education
CFA - Finance
CFA Level I
CFA Institute01-2026
PosPostgraduate Diploma - Supply Chain Management & Data Analytics
St Lawrence College
Ontario12-2020
Bachelor of Mechanical Engineering -
Mumbai University
Mumbai08-2019
Skills
- Canadian Payments Industry
- Bank & Settlement Reconciliation
- Advanced Excel
- Macros
- SQL
- SSMS
- JIRA
- Exception & Aging Management
- Process Automation
- Data Analysis
- Attention to Detail
- CIS system
- Settlement flow
- Customer Service
Websites
Skills Highlight
- Canadian Payments Industry
- Bank & Settlement Reconciliation
- Advanced Excel
- Macros
- SQL
- SSMS
- JIRA
- Exception & Aging Management
- Process Automation
- Data Analysis
Timeline
Settlement Lead
PSP–CUFI
04.2025 - Current
Settlement Specialist
PSP Services
03.2024 - 03.2025
Administrative Coordinator
Clutch Technologies
11.2023 - 03.2024
CFA - Finance
CFA Level I
PosPostgraduate Diploma - Supply Chain Management & Data Analytics
St Lawrence College
Bachelor of Mechanical Engineering -
Mumbai University