Head of Department, Clearing and Settlement Operations at Unified Payment Services Limited

UP otherwise known as Unified Payment Services Limited is Nigeria's premier Payments & Financial Technology company founded in 1997 by a consortium of leading Nigerian banks. UP operates as a shared infrastructure for the banking community in Nigeria and Payments Service Provider within and outside Nigeria, with a vision to be the most preferred e-payment service provider in Africa.

We are recruiting to fill the position below:

Job Title: Head of Department, Clearing and Settlement Operations

Location: Victoria Island, Lagos
Employment Type: Full-time

Duties & Responsibilities 

• Daily processing of approved transactions for local settlement and secondary settlement file generation.
• Daily processing of approved ATM for domestic settlement (Settlement file generation).
• Ensuring that settled ATM/POS transactions are fully updated into Dispute Management System (DMS) and Inquiry portal.
• Support to banks and non-banks (acquirers and merchants) on Dispute Management System.
• Monitoring of transaction data sources (PayAttitude, PayArena, Hope PSB back office, CBE, TCM, etc.) for daily extractions of approved financial transactions that qualify for settlement.
• Daily processing of approved transactions (clearing) for international scheme settlement.
• Daily processing of downloaded MPGS files (Clearing of MPGS) for different clients.
• Daily quality checks to forestall duplicate or incomplete submission of clearing files to the different schemes in specified formats and within defined time windows for each scheme.
• Reprocessing of rejected files or transactions where applicable and submission within the defined time window for each scheme.
• Daily download of scheme incoming files (VISA, Mastercard, UnionPay, AMEX).
• Daily processing of downloaded scheme chargeback for secondary settlement within the defined chargeback window.
• Daily reconciliation of chargeback to avoid exposure due to late presentment.
• Daily processing and hosting Base11 files for all clients.
• Daily processing and hosting of VSS files for all clients.
• Daily processing and hosting of T464 files for all clients.
• Delegated tasks: Performing any other tasks as may be assigned from time to time.
• Daily reconciliation and support to clients.

Requirements

• Interested candidates should possess a Bachelor's Degree in relevant fields with 10 - 12 years work experience.

Application Closing Date
15th August, 2023.