• Application Deadline:
• Position: Settlement and Reconciliation Lead


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 2 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

RESPONSIBILITIES

• Managing all CiCO Serve collection accounts in all the various banks i.e treasury and liquidity management.


• Handling settlement of funds and monitoring thereof


• Managing transaction disputes and reconciliation of all transactions on a daily basis


• Managing the day to day working relationship with Settlement Banks from an accounts perspective


• Liaise with counterparts (NIBSS, Interswitch, banks) in relation to all daily settlements.


• Maintain a complete and current database of settlement details with approved counterparts


• Perform reconciliations between CiCO Serve and related systems in accordance with approved practice.


• Ensure all discrepancies are promptly investigated and remedial action is taken


• Ensure reporting is performed in accordance with pre-established time frames.


• Actively monitoring the CiCO Serve Financial Summary Module and preparing system revenue positions daily.


• Ensuring that all internal systems and work processes operate efficiently and that workload backlogs are prevented and maximum permitted transaction processing timelines are not breached.


• Monitoring transaction authorization requests, dealing with exception items and referrals and identifying any suspicious transaction behavior.


• Reviewing system performance MIS reports and dealing with any issues arising.


• Regularly tracking systems and transaction processing performance against agreed parameters/SLA levels.


• Manage the daily clearing and settlement and reconciliation process, reconciling transaction incoming and outgoing files provided by both CiCO Serve and the settlement Banks.


• Monitor balance on the Settlement Bank pool account daily. Make records of client deposits.


• Monitor all processing-related expenses charged to the CiCO Serve and manage the monitoring and resolution of any monetary rejects or discrepancies reported by CiCO Serve.


• Monitor and validate CiCO Serve monthly billing statements.


• Ensure CiCO Serve and other service providers/partner invoices are validated and paid on time without incurring penalty charges.


• Monitor and control the billing process ensuring that the system flags any late or non-payments through the production of exception reports.


• Performs additional duties and responsibilities as required.

Requirements

EXPERIENCE/QUALIFICATIONS

• Minimum of a University Degree in a relevant discipline from an accredited University


• Relevant certifications


• At least 2 years of experience in a similar position


• Knowledge of the agency banking industry


• Advanced use of Excel and Data management tools

COMPETENCIES

• Data Analytics and Management Skills


• Quantitative and Qualitative Reasoning


• Proactive attention to detail


• Strong Business Acumen


• Industry Knowledge


• Adaptable


• Leadership skills


• Team building skills


• Persuasive and influencing


• Ethical


• Customer-focused


• Interpersonal and Communication Skills


• Resilient and productive under pressure