Settlement and Reconciliation Analyst at Fliqpay Technologies

Fliqpay Technologies - We believe that Africa is the new frontier of financial opportunity. Our mission is to build the API infrastructure to connect all of Africa to the rest of the world.

Fliqpay is a cross-border payment infrastructure for financial institutions, fintechs and global businesses to make and receive payments across Africa and the rest of the world. Our platform and APIs help our customers; make payouts to bank accounts and mobile money wallets, instantly settle FX payments at the cheapest exchange rates, receive payments, operate multi-currency wallets.

We are a Techstars '20 alumnibuilding a team of rockstars, builders, and people who are obsessed about making a difference with the quality of their work. Our people are our greatest assets and competitive advantage and we treat them with this understanding.

We are recruiting to fill the position below:

Job Title: Settlement and Reconciliation Analyst

Location: Lagos
Employment Type: Full-time

About The Job

• You’ll be responsible for designing and executing operational processes around how we settle payouts to merchants. We require you to manage daily reconciliation of settlements, and escalations to banking partners, liquidity providers, payment processors and more for any risk-related issues.
• We expect you to be able to function effectively, creating playbooks where it previously didn’t exist to help build a solid foundation upon which we can power the cross-border payment infrastructure for financial institutions, fintechs and businesses making and receiving payments across Africa and globally.

What You’ll Be Expected To Do At Fliqpay

• Ensure daily reconciliation of all transactions and provide daily/weekly reconciliation and settlement reports.
• Ensure the business is not exposed to any material risks emanating from reconciliation variances.
• Develop models that assist in the reconciliation process to speed up reconciliation and provide accuracy.
• Things can only scale by automation. We expect you to be very data-driven and coming up with ways we can automate as much of the processes involved in ensuring our financial health.
• Liaise with partners such as exchanges, liquidity providers, bank partners, payment processors etc that contribute to possible variances on fiat and crypto reconciliation.
• Document processes, procedures, resolution guides etc. for the settlement team.
• Contribute to financial reporting and balance sheet management.
• Manage internal and external controls for payment processes, escalate and resolve payment issues while working with Product, Business and Engineering team.
• Liaise with partners (banks and processors) to ensure optimal cost structures and verify daily settlements.
• Perform daily and weekly revenue recognition and cost optimization exercises.
• Work with Compliance to design and maintain a process for reporting fraudulent activity to the appropriate regulatory authorities.
• Coordinate with internal teams to develop risk mitigation strategies for payment processing and merchant management.

What We Look For In You

• Cultural and Value fit
• Candidates should possess a Bachelor's Degree
• 3 - 5 years of experience working in a similar role in the banking, fintech, or financial services industry
• In-depth knowledge of bank reconciliation and settlement dynamics and processes
• You have strong knowledge of internal controls and financial reporting
• Excellent Data Analysis & Reporting skills- You have the ability to turn large data sets into meaningful insights
• You have the appetite to jump headfirst into a fast-moving, fast-growing, mission-driven team that values creativity and output
• Process-driven – You understand processes intuitively, are highly organized, and are constantly on the lookout to improve the way you work.
• Collaborative – You seek first to understand and then to be understood. You communicate your actions and intentions clearly - verbally as well as in a written form.

Application Closing Date
30th June, 2021.