• Application Deadline:
• Position: Financial Analyst



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 3 - 6 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Job Objectives

• To ensure that UP settlement account is always adequately funded to accommodate merchant and stakeholders settlement daily.


• Ensure rendition of monthly Income Reports.

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 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.


• Management Accounts: To ensure that Management obtains timely and consistently relevant financial information for decision making and planning purposes.


• Rendition of Income Reports to stakeholders in agreed format.


• Daily Income Analysis Report.


• GL Schedules: To ensure that errors are detected and corrected promptly for specific GL accounts.


• 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.


• 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.


• Accounting correctly in the GL for amount due to other PTSPs and PTO (different from UP).


• Treasury Function.

Key Performance Indicators

• 99% accuracy in settlement.


• Timeliness of Reports.


• 100% Documentation

Job Requirements

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


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


• Experience: 3 - 6 years post NYSC.

Knowledge Knowledge:

• Good Microsoft Excel skills.


• Presentation skills.

Skill / Competencies:

• Computer skills (Microsoft package).


• Good interpersonal skills.


• Attention to details.


• Critical reasoning and analytical abilities.


• Good writing and oral communication & presentation skills