Job Title: Reconciliation and settlement officer (Support)
Location: Lagos (IKOYI)
Remuneration- 150, 000
Date: March 2023

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 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.
• 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 the accounts under purview
• Ensure effective participation in all industry-related settlement activities.
• Liaise with banks’ settlement & reconciliation teams to ensure reconciled funds/incomes/fees are transferred to relevant accounts promptly.
• Ensure all files are processed within defined SLA.
• Ensure the team acts as second level support on queries from clients on payments and ensure they are resolved promptly.
• 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.
• Ensure submission of quarterly reports to the various card schemes before the due date.


Educational Qualifications & Functional / Technical Skills
• Bachelor’s degree or HND in Banking & Finance, Accounting or Finance.
• Advance skills and working knowledge of MS Office suite including Word, Excel, and PowerPoint.
• Excellent communication and organizational skills
• Ability to pay attention to details
• A general knowledge of accounting principles.
• Over 3 years working experience in the Fintech or banking industry, fully integrated in all aspects of settlement and daily reconciliation process.

Interested Candidates should send their CVs to recruitment@fortknoxgroup.com using the Job title as the subject of the mail.