• Application Deadline: Sat, 30 Sep 2023 00:00:00 GMT
• Position: Reconciliation & Settlement Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

DESCRIPTION

• Ensure daily settlement and reconciliation of all transactions for all products carried across all channels offered by PSB in line with agreed on commercials


• Ensure settlements are done in strict adherence to regulatory-defined timelines or as may be agreed with each client or partner.


• Ensure regular (up-to-speed) understanding of regulatory policies as it applies to Settlement operations and ensures compliance.


• Monitor the balance on the settlement banks’ accounts


• Ensure daily reconciliation and balancing of all accounts in use for the smooth running of the settlement operations.


• Ensure effective participation in all industry-related settlement activities.


• Respond to daily reconciliation requests to banks and clients


• Liaise with banks’ settlement & reconciliation teams to ensure Reconciled funds/incomes/fees are transferred to relevant accounts promptly


• Ensure the development of SLA or insertion of SLA clauses in business agreements with 3rd party service providers that will protect the interest of PSB at all times


• Ensure zero losses that may be due to penalties or wrong settlement.


• Ensure all internal systems and work processes operate efficiently.


• Prevent workload backlogs ensure and maximum permitted transaction processing timelines are not breached.

REQUIREMENTS

• Over 3 years of working experience in the Fintech or banking industry, fully integrated in all aspects of settlement and daily reconciliation process.


• Bachelor’s degree or HND in Banking & Finance, Accounting or Finance.


• Professional qualifications in ICAN/ACCA or Master’s degree is an added advantage


• Advanced skills and working knowledge of MS Office suite including Word,Excel, and PowerPoint.


• Excellent communication and organizational skills


• Excellent logical and analytical skills


• Astuteness with figures


• Ability to pay attention to details


• A general knowledge of accounting principles.