Job Description

The Opportunity

As Senior Product Manager— Billing, you will own how money moves between Xplor, our merchants, and our partners. How merchants get paid. How we bill them for processing. How royalties and rebates are calculated and disbursed. Getting this right is what makes 130,000+ businesses trust us with their revenue.

This is the money-out and money-owed side of Embedded Payments. You will own merchant settlement and payouts, the fee and billing platform that turns transaction activity into accurate charges, and the royalty and rebate layer that pays partners and franchisors what they are owed. Your remit starts once a transaction has been processed and ends when every party has the right money in the right account.

As a Lead PM you will set product direction, define the contract that local market teams and finance systems integrate against, mentor PMs, and shape architecture alongside engineering.

What You'll Do

Strategy & Roadmap

- Own and evolve the strategy and roadmap for merchant funding, billing, and royalty management across all markets.
- Define the multi-year vision for consolidating regional settlement, fee, and rebate logic onto a shared global platform.
- Contribute to the Embedded Payments global product strategy as a senior product leader.
- Maintain a focused roadmap, sequence money-critical work against risk and migration realities, and present investment cases to leadership.

Merchant Funding & Settlement

- Own merchant funding models — gross and net settlement — along with the payout schedules, cut-off times, and value dating that merchants plan their cash flow around.
- Define multi-currency and cross-border payout, multi-party splits, and disbursement to several beneficiaries from a single transaction flow.
- Own holds, reserves, rolling reserves, and negative balance recovery, working with risk and finance on settlement exposure as we scale.




- Contribute to the balance ledger that keeps merchant positions correct, auditable, and reconcilable.
- Support reconciliation against scheme, acquirer, and bank settlement files, including how breaks and exceptions are surfaced, aged, and cleared.

Merchant Billing

- Own the fee and pricing platform: interchange-plus, blended, and tiered models, monthly minimums, service charges, and per-event fees such as chargeback, dispute, and payout fees.
- Define how fees are assessed, calculated, and applied — including tax treatment across markets, credits, adjustments, and back-billing.
- Own merchant statements and invoices, so a merchant can reconcile what we charged them without calling support.
- Define collection: net-of-settlement deduction versus direct debit or card, plus recovery when a merchant sits in debit.
- Cut fee leakage. Every chargeable event gets billed once, correctly, at the contracted rate.

Royalty & Rebate Management

- Own how partner, and franchisor economics are calculated and paid — revenue share, residuals, royalties, and rebates.
- Define tier, threshold, and volume-band logic, and make it configurable so a recent deal does not need a code change.
- Own accrual, disbursement, and partner-facing statements that stand up to scrutiny.
- Partner with commercial and finance on deal structures the platform can support — and say so early when it cannot.

Platform Contract & Local Team Enablement

- Define the integration contract and APIs that Voyager, Ezypay, Odin,



and our finance systems plug into for funding, billing, and rebate data — a clean, versioned, well-documented surface.
- Coordinate with local product and engineering teams on adoption and migration, recognising that local teams own their own stacks and timelines.
- Design for multi-tenancy, multi-entity, and per-market configuration, so one platform serves many markets without forking.
- Treat idempotency, correctness, and auditability as first-class requirements from the start.

AI-Augmented Product Practice

- Embed AI tools across the product lifecycle: use LLMs to synthesise finance, treasury, and partner interviews, run competitor teardowns, and draft PRDs; use AI coding assistants to prototype fee calculations, model payout scenarios, and validate statement output against expected results.
- Champion AI adoption across the Embedded Payments product team — document effective prompting patterns, share workflows, and upskill PMs.
- Use AI-powered analytics to monitor settlement and billing dashboards, surface anomalies such as fee variance or a spike in reconciliation breaks, and write plain-language summaries for stakeholders.
- Stay current with AI tooling relevant to product management, and operate at a higher output cadence than a traditional PM.

Technical Leadership & Delivery

- Engage engineering deeply on ledger design, data models, and the API contract, bringing product judgement to money-critical technical decisions.
- Drive agile delivery across one or more squads with clear PRDs, user stories, and acceptance criteria that account for failure modes and edge cases.
- Mentor product managers, raise the quality bar for discovery and specification, and model strong product practice.
- Serve as the internal centre of excellence on merchant money movement — educating local teams, commercial, risk, finance, and treasury.

📌 Senior Product Manager - Billing (Pune)
🏢 Xplor
📍 Pune