• Application Deadline:
• Position: Head, Financial Analysis



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 7 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Job Objectives

• To ensure accurate and timely recording of all financial transactions in line with company policies, rules and guidelines as well as regulatory standards.


• To ensure that management reports are produced accurately and timely


• To produce such reports as may be requested by management for the purpose of decision making


• To supervise designated staff.

Duties and Responsibilities

• Daily monitoring of Scheme Receivables - Amount due to UP as licensed Acquirer for both domestic and International transactions (Visa, Mastercard, Amex, CUP and Payattitude).


• Daily monitoring of amount due to UP from co-acquirers.


• Daily monitoring of acquirer obligation to merchants.


• Monitoring and reporting of daily balances into receivables account for settlement from Mastercard Naira.


• Monitoring and reporting daily balances into receivables account for settlement from Visa Naira.


• Monitoring and reporting daily balances into receivables account for settlement from various scheme for Dollar transactions.


• Monitor and report accuracy of debits into the settlement account in favour of merchants, PTSP, PTO, domestic switches and PTSA.


• Monitor and report accuracy of debits into the settlement account in favour ATM settlement.


• Revenue Assurance: Recover PTSP and TO Income (Receivable) from Other Settlement Agents (e.g. ISW & Zenith Bank)


• Review of MSC charged to merchants and clients.


• Recomputation and Assurance of UP's transactional based revenues (PTSP, PTO, Switch, Processing Fee, Acquirer and Acquirer Margin) and other fees charged by UP and collected daily.


• Monthly invoicing to Banks and Customers.


• Receivable collection through Settlement via NIBSS. To ensure timely execution of contractual agreement via NIBSS as they fall due.


• Ensure that Management obtains timely and consistently relevant financial information for decision making and planning purposes.


• Rendition of monthly Income Reports to stakeholders in agreed format.


• Daily Income Analysis Report.


• GL Schedules: Ensure that GLs are reviewed and proofed, while errors are detected and corrected promptly.


• GL Data Capture of Receivables: Ensure that all debtors are fully recognised in the book and properly accounted for in the GL.


• Ensure accounting correctly in the GL for all schemes (local and international); Fees deductions prior to the Scheme Net Settlement.


• Rendition of Receivable reports.


• Fund recoveries of all single settlement and 2UP disputed merchant transactions.


• Accounting correctly in the GL for all Verve transactions scheme receivables.


• Accounting correctly in the GL for all Project incomes, annual invoices and amortised transactions.


• Preparation of disbursement schedule for social welfare scheme.


• Accounting correctly in the GL for revenue earned by UP for all social investment activities carried out.


• Accounting correctly in the GL for all payment of scheme receivables.


• Accounting correctly in the GL for UP as merchant receivables (Payarena) and daily tracker of sales against inventory.


• Delegated tasks: Performing any other tasks as may be assigned from time to time.

Key Performance Indicators

• 100% accuracy and integrity of GL data and financial information.


• Timeliness of Reports


• 100% documentation.

Requirements

• Education: First Degree in Accounting or any numerate subject.


• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.


• Experience: 7 years and above post NYSC.

Knowledge:

• Excellent knowledge of cost and financial accounting principles, practices and procedures.


• Knowledge of International Financial Reporting Standards


• Knowledge of supervisory practices and principles.


• Knowledge of Card Payment industry.

Skill / Competencies:

• Demonstrate ability to cope with pressure and meet deadlines.


• High degree of accuracy.


• Deductive reasoning abilities and eye for details.


• Strong interpersonal and communication skills


• Advanced Excel user.