• Application Deadline:
• Position: Team Lead, Payments and Collections


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Principal Duties & Responsibilities

• Apply broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing


• Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and organization’s transaction processing requirements


• Perform daily transactions, position, and balance reconciliation, ensuring all exceptions are investigated and resolved before end of the day


• Monitor accounts payable statements to identify debts owed to their company


• Contact customers or business partners to notify them of overdue payments and documenting debts collected


• Perform relevant collateral reconciliations and resolve breaks to manage the associated risks


• Ensure that processes are in place to measure and monitor operational and financial effectiveness


• Regularly reviews and keeps investment account statements, transaction, or other documents, and ask for a copy of these documents if not provided


• Prepare collateral-related control and management reports and escalate exceptions for corrective actions.


• Maintain updates to investment management agreement rules, including the removal of rules, additions to investment agreement rules or new regulatory rules.


• Keep abreast of latest industry and market developments in the local and global markets.

Education and Work Experience

• Minimum of a Bachelor’s Degree in Accounting or any related discipline.


• Must possess relevant professional qualification


• Minimum 10 years relevant experience

Required Skills and Competencies

• Understanding of the payment systems, key participants, and the settlement process.


• Ability to apply accounting knowledge in performing general reconciliation of transactions


• Ability to apply knowledge of clearing and settlement operations and performance


• Ability to work effectively and produce results within strict deadlines


• Knowledge of relevant legal requirements


• Working knowledge of MS Office


• Operations Management.


• Process Improvement.


• Strong knowledge of IFRS


• Excellent mathematical and statistical skills.


• Strong knowledge of insurance principles and practices.


• Strong knowledge of Financial and Management accounting.


• Excellent time management skills.


• Understanding of the local and global financial services industry.


• Stakeholder Management.