Job Title: Specialist, Reconciliation and Settlement
Location: Victoria Island, Lagos
Employment Type: Full-time
Description
Reconciliation Operations:
- Perform reconciliations daily.
- Forward all reconciling issues to the appropriate quarters (back-office operations, NIBSS, CEVA, Flutter waves. etc.) as the case may be, for prompt resolutions.
- Review and initiate daily journal captured for merchants and partner settlement to ensure they are properly accounted for and authorized.
- Capture all unresolved deposits in the mobile money system.
- Perform internal transfer requests for banks, partners, and merchants.
- Set up scheduled and automatic liquidations of partners, merchants and banks.
- Follow up on back-office operations to lift the suspension of banks, merchants and partners to facilitate the processing of their liquidations.
- Ensure end-to-end follow-up and closure of all reconciling items in PSB ledger account reconciliation.
- Prepare sign off for all reconciled ledger accounts daily.
- Advise treasury on funding based on the reconciliation of all pre-funded accounts.
- Maintain confidentiality of records.
- Flag identified irregular transactions or movement identified during the reconciliation of accounts.
- Perform periodic quality reviews of data, and highlight red flags where observed.
- Perform reconciliation of paid-up agent commission
- Handling of banking queries raised by agents
- Ensure settlement and reconciliation audit recommendations are followed up and objectively closed.
- Make recommendations on modifications for improvement to processes.
- Communicate with banks, partners and merchants for any unresolved issues.
- Any other duty as may be required that is in line with the nature of job and level of responsibility.
Job Requirements
- Interested candidates should possess an HND or BSc in relevant fields
- 3-7 years’ experience in the area of specialization.
- Extensive reconciliation experience
- Strong Experience in Operations within the Fintech/Financial services environment
- Experience working in a global/multinational enterprise with a good understanding of emerging markets is preferred
- Good Knowledge of Fintech fraud
- Knowledge of Fintech business processes
- Excellent organizational skills
- Excellent knowledge of accounting policies and procedures
- Knowledge in Fintech regulatory environment
- Basic risk management skills
- Ability to transfer skills
- Understanding of mobile money registration and liquidation procedures.
HOW TO APPLY
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the mail.
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Deadline: August 8, 2023
Job Features
Job Category | Specialist |