Fund Loss (Team Lead) at PalmPay

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
56172
Job Views
100

Job Description



We are seeking a highly skilled and motivated Fund Loss Team Lead to join our company. As the Fund Loss Team Lead, you will be responsible for overseeing and managing a team of professionals focused on mitigating fund losses, minimizing financial risks, and ensuring compliance within the organization. This role requires a deep understanding of financial processes, analytical acumen, leadership capabilities, and a passion for driving results.


Responsibilities:



  • Develop and maintain business relations with Reconciliation and Chargeback team at NIBBS, Unified Payments, Interswitch and Palmpay's settlement banks.

  • Daily review and reconciliation of accounts for exceptions and subsequent escalations to switch and other vendors or third parties for resolution.

  • Daily follow up with all stakeholders (Switches, Banks and Processors) to ensure all pending/ outstanding issues are resolved.

  • Manage the refunds process end-to-end and ensure all recoveries are received and completed in a timely manner

  • Manage the daily workflow of the team to ensure fund loss are recovered in an effective and efficient manner.

  • Monitor performance of team members against KPIs, including identifying opportunities for improvement and mentoring and coaching team members.

  • Resolution of Customer issues

  • Review and respond to mail inquiries


Qualification and Requirements:



  • Bachelor's degree in Finance, Business, Economics, or related field.

  • Minimum of 6 years of experience.

  • Previous experience in Reconciliation, Settlement, Chargeback, risk management, fraud prevention.

  • Proven leadership experience, with a track record of effectively managing and developing teams.

  • Strong analytical skills and the ability to interpret complex financial data to identify trends and anomalies.

  • In-depth knowledge of fund management, financial processes, and regulatory compliance within the fintech industry.

  • Proficiency in data analytics tools and techniques for fraud detection and risk assessment.

  • Excellent communication and interpersonal skills, with the ability to collaborate and influence across different organizational levels.

  • Detail-oriented with strong organizational and project management capabilities.

  • Problem-solving mindset and the ability to think creatively to develop innovative fund loss prevention strategies.


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