Job Title: Reconciliation and Settlements Manager
Location: Lagos
Employment Type: Full-time
Department: Operations
Job Description
- The Reconciliation and Settlements Manager is responsible for managing the end-to-end settlement and reconciliation process for Duplo’s payments products.
- The primary focus of this role is to ensure the timely and accurate processing of all settlements and reconciliations, while also overseeing the team responsible for these tasks.
Responsibilities
Operational:
- Monitor the reconciliation of income/fees with the Settlement bank and ensure value is transferred to Duplo’s account promptly.
- Manage relationships with partners and clients related to settlement and reconciliation processes.
- Liaise with the Bank reconciliation team to ensure reconciled funds are transferred to Duplo’s account.
- Correctly log all incidents related to reconciliation, monitor the incident cycles, and document solutions after resolutions
- Ensure daily reconciliation of all settlement transactions and resolve any discrepancies in a timely and accurate manner.
- Verify the incoming and outgoing payment reports.
- Training of reconciliation and settlement team when required.
- Collaborate with internal stakeholders to identify and resolve any settlement or reconciliation issues, escalating issues as necessary to ensure timely resolution.
- Monitor industry trends and developments in settlement and reconciliation processes, recommending changes or improvements as necessary.
- Prepare regular reports on settlement and reconciliation activities, providing insights and analysis to management and other stakeholders as required.
- Oversee the day-to-day settlement and reconciliation process, ensuring all transactions are accurately settled and reconciled within the agreed timelines.
- Develop and maintain policies, process documents, and procedures for the settlement and reconciliation process, ensuring compliance with regulatory requirements.
- Work closely with the finance team to ensure accurate and timely recording of all settlements and reconciliations in the company’s financial systems.
Strategic:
- Automation of business process
- Ensure that sufficient funds are available in the bank accounts to meet float and cash flow requirements.
- Liaison with external auditors.
- Escalate potential risk and exposure issues in a timely manner.
- Perform root cause analysis.
Qualification / Experience
- 4- 6 years working experience in cards/mobile/payment finance, fully integrated with all aspects of settlement and daily reconciliation process.
- Detailed understanding of the operational aspects of payment cards, mobile payments, and the banking industry.
- Previous experience within a Reconciliation, Cash Control, and Settlement environment.
- Highly analytical and data driven
Application Closing Date
Not Specified.
Apply Now
Job Features
Job Category | Manager |