Lead, Accounts & Reconciliations

March 3, 2023

Job Description

  • Lagos

SmartCash PSB

SmartCash is a leading and innovative Payment Service Bank with an overarching vision of bridging the financial divide by providing rural and urban Nigerians secured and reliable banking services as well as supporting the Central Bank of Nigeria’s (CBN) drive to ensure financial Inclusion for every Nigerian.
We are recruiting to fill the position below:
Job Title: Lead, Accounts & Reconciliations
Location: Lagos
Job Purpose

To maintain daily, smooth running of the settlement, dispute and reconciliation of all electronic payment transactions carried by customers, clients, and partner organizations across multiple channels.
To attend to all transaction disputes raised by customers, clients, and partner organizations within the regulatory defined SLA
To ensure regular balancing of all required accounts used for running backend operations within the stipulated timeline.
To work closely and provide support to all other departments in the company where and when necessary

Key Accountabilities

Ensure timely settlement of all transactions in line with deadlines agreed with clients and partners or regulatory-defined timelines.
Oversee daily settlement and reconciliation of all transactions for all products carried across all channels offered by PSB in line with agreed 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 ensure compliance.
Monitor balance on the settlement banks’ accounts
Ensure daily reconciliation and balancing of all accounts in use for smooth running of the settlement operations.
Ensure effective participation in all industry-related settlement activities.
Oversee and monitor 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.
Oversee the resolution of disputed transactions and ensure they are carried out in line with SLA with client/industry standards and regulations
Ensure the adequate provision of systems, applications and tools that will aid efficient dispute management service.
Ensure zero losses that may be due to penalties or wrong settlement
Ensure the team acts as second level support on queries from clients on payments and ensure they are resolved promptly.
Ensure the provision of necessary tools to enable and enhance ability to provide second-level support
Provide revenue position to management.
Preparation or contribution to the preparation of User Requirement for the development of all Applications, tools etc.
Perform other ad-hoc functions as assigned by Group Head, Operations.

Educational Qualifications & Functional / Technical Skills

Bachelor’s Degree or HND in Banking & Finance, Accounting or Finance.
Professional qualifications in ICAN/ACCA or Master’s degree is an added advantage
Advance 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.

Other requirements (Behavioural etc.):

Over 10 years working experience in the Fintech or banking industry, fully integrated in all aspects of settlement and daily reconciliation process.
A minimum of 2-years supervisory level in settlement and reconciliation.
Team leadership experience
Relevant experience in Mobile Financial Services is desirable
Relationship with key and critical stakeholders (Regulators, Banks, NIBSS, MMOs etc.) in the industry
Goals getting and results orientated personality
Basic/introductory project management skills.

Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online

We are an equal opportunity employer and value diversity. We therefore do not discriminate against applicants on the basis of, among others, their race, disability, their race, disability, religion or gender. All employment opportunities are decided on the basis of qualifications, merit and business need
Only shortlisted candidates will be contacted.

To apply for this job please visit www.linkedin.com.


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