Workday Financials BA - Banking & Settlement

Hi,

I am reaching out to you regarding an exciting opportunity for Hybrid - Senior Business Analyst, Workday Financials - Banking & Settlement with our client .

Hybrid - Senior Business Analyst, Workday Financials - Banking & Settlement

Hybrid - 2-3 Days in Office, Madison WI

W2 only

6 Months contract

Position Summary:

We are seeking an experienced Senior Business Analyst, Workday Financials to support and enhance Workday Financials, with primary responsibility for Banking & Settlement, payment processing, bank integrations, cash reconciliation, financial configuration, and related financial processes.

This is a hands-on Workday role responsible for supporting critical financial processes, configuring and enhancing Workday Financials, resolving production issues, translating Finance and Treasury requirements into system solutions, supporting financial integrations, performing transaction-level troubleshooting, executing functional testing, and delivering system enhancements.

The successful candidate will combine strong Workday Financials expertise, Banking & Settlement experience, financial and accounting knowledge, configuration experience, analytical troubleshooting skills, and systems thinking.

Key Responsibilities:

Serve as a primary functional resource for Workday Financials Banking & Settlement, including payments, settlement, bank statement processing, bank integrations, cash reconciliation, and automated reconciliation.

Configure, test, and support Workday Financials solutions, including banking, payment, accounting, reconciliation, validation, and related financial configuration.

Provide hands-on production support and troubleshooting for failed integrations, missing files, payment exceptions, draft transactions, settlement issues, bank statement issues, and reconciliation differences.

Translate Accounting, Treasury, Accounts Payable, and Finance requirements into Workday configuration, integration, data, reporting, and control solutions.

Support and troubleshoot financial integrations and transaction flows across source systems, Workday, banking partners, and downstream applications.

Perform end-to-end transaction analysis and reconciliation to identify processing exceptions, determine root cause, and implement or coordinate appropriate remediation.

Configure and test Workday changes in non-production environments, support business validation and approval, and coordinate approved changes through production implementation.

Develop and utilize Workday reporting, transaction history, audit information, and operational controls to support financial operations, troubleshooting, and reconciliation.

Lead or contribute to Workday Financials enhancements, releases, production support, and Finance transformation initiatives, including engagement with Workday Support when necessary.

Targeted Skills:

The successful candidate should demonstrate hands-on proficiency in the following areas:

Workday Banking & Settlement

Payment and settlement processing

Bank statement processing

Cash reconciliation

Transaction matching and automated reconciliation

First Notice Rules (FNRs)

Banking and settlement exception troubleshooting

Workday Financials Configuration

Accounting and posting rules

Ledger accounts and spend categories

Cost centers and worktags

Clearing accounts

Financial transaction validations

Calculated fields supporting financial processes or integrations

Payments & Transaction Troubleshooting

Payment creation and settlement lifecycle

Draft and exception payment investigation

Transaction and business process history

Audit information and transaction-level root-cause analysis

Check and electronic payment processing

Payment and reconciliation exception analysis

Financial Integrations

Inbound bank and payment files

Outbound payment and check interfaces

Bank statement integrations

Integration and file-processing exceptions

End-to-end transaction tracing across Workday and interfacing systems

BAI2 and other banking/payment file formats

Testing & Change Delivery

Workday Sandbox/non-production configuration and testing

Functional and transaction-level testing

Accounting-result validation

Business testing and approval support

Production implementation and post-production validation

Workday release-impact testing

Required Qualifications:

Demonstrated hands-on experience supporting Workday Financials in a production enterprise environment.

Strong functional and configuration experience with Workday Banking & Settlement.

Experience independently troubleshooting complex financial transactions, integrations, and production issues within Workday.

Strong understanding of financial accounting and transaction processing and the relationship between system configuration, transaction data, and resulting accounting.

Experience translating Accounting, Treasury, Accounts Payable, or Finance requirements into Workday solutions.

Experience supporting Workday configuration changes through analysis, testing, business validation, and production implementation.

Demonstrated ability to perform root-cause analysis across Workday and interfacing financial systems.

Strong analytical, problem-solving, communication, and documentation skills.

Demonstrated ability to independently own complex financial systems work while collaborating effectively across Finance and technology teams.

This role requires direct, hands-on Workday Financials experience. Experience primarily focused on requirements gathering, project management, or coordination of Workday resources without direct Workday Financials operational and configuration experience does not meet the requirements of the position.

Preferred Qualifications:

Advanced experience across both Workday Banking & Settlement and Financial Accounting.

Experience supporting high-volume or complex payment and disbursement environments.

Experience with BAI2 and/or ISO 20022 financial messaging.

Experience supporting enterprise check, ACH, EFT, or other electronic disbursement processes.

Experience developing Workday financial reporting, reconciliation controls, or operational automation.

Experience working directly with Workday Support to diagnose complex product or configuration issues.

Experience supporting Workday Financials releases and significant production changes.

Experience supporting Finance modernization, automation, integration, or data-transformation initiatives.

What Success Looks Like

The successful candidate will provide strong functional and configuration ownership across Workday Banking & Settlement, with complementary capability across Financial Accounting, integrations, production support, reporting, controls, and reconciliation.

This individual will be capable of independently working across the financial transaction lifecycle:

Finance/Treasury requirement Workday configuration integration/data transaction processing exception handling settlement accounting banking/downstream processing reconciliation

Success requires the ability to work directly within Workday Financials to configure solutions, investigate transactions, diagnose production issues, understand accounting impacts, troubleshoot integrations, test changes, reconcile results, and validate successful implementation.

Managerial discussion

Notes:

Need to Have Workday Banking & Settlement exp.

Workday configuration experience- integration- data transaction- exceptional handling issues

Accounting background is preferred

Banking and payment processing background

Minimum 2 years' experience with Workday

BS degree not required

Top 3 skills:

Workday Banking and Settlement- configuration experience within this specific module.

Workday Core Financials- experience with work tags, values, and system interactions to automate transactions and processes.

Transaction and Payments Troubleshooting- Ability to understand the payment creation and settlement lifecycle, draft exception management processes, and document troubleshooting steps for repeatability.

Financial Integrations- experience diagnosing integration exceptions, specifically with banking partners (positive pay files, BAI2 files) and various source systems.

Testing and Change Delivery: Ability to test changes in a non-production environment and push to production when necessary.

Accounting Knowledge: Understanding of general accounting principles to diagnose troubleshooting opportunities within Workday; company-specific accounting structure is not required.

Thanks & Regards

Harshit Verma

PURPLE HIRES INC.

Phone: (307) 655-6061

Email - Harshit@purplehires.com

www.purplehires.com