Reconciliation and Settlement Executive at MacTay Consulting

MacTay Consulting is one of the first and leading management consulting firms in Nigeria, providing HR services to our clients in Africa since 1982. We focus on adding value to organizations through customized solutions that meet our clients’ needs. We have a proven track record of providing excellent services that impact our clients’ businesses.

We are recruiting to fill the position below:

Job Title: Reconciliation and Settlement

Location: Lagos
Employment Type: Full-time

Job Summary
Reconciliation Operations:

• Perform reconciliations daily.
• Forward all reconciling issues to the appropriate quarters (back-office operations, NIBSS, CEVA, Flutter waves. etc.) as the case may be, for prompt resolutions.
• Review and initiate daily journal captured for merchants and partner settlement to ensure they are properly accounted for and authorized.
• Capture all unresolved deposits in the mobile money system.
• Perform internal transfer requests for banks, partners, and merchants.
• Set up scheduled and automatic liquidations of partners, merchants and banks.
• Follow up on back-office operations to lift the suspension of banks, merchants, and partners to facilitate the processing of their liquidations.
• Ensure end-to-end follow-up and closure of all reconciling items in PSB ledger account reconciliation.
• Prepare sign-off for all reconciled ledger accounts daily.
• Advise treasury on funding based on the reconciliation of all pre-funded accounts.
• Maintain confidentiality of records.
• Flag identified irregular transactions or movement identified during the reconciliation of accounts.
• Perform periodic quality reviews of data, and highlight red flags where observed.
• Perform reconciliation of paid-up agent commission
• Handling of banking queries raised by agents
• Ensure settlement and reconciliation audit recommendations are followed up and objectively closed.
• Make recommendations on modifications for improvement to processes.
• Communicate with banks, partners and merchants for any unresolved issues.
• Any other duty as may be required that is in line with the nature of job and level of responsibility.

Qualification(s)

• B.Sc / HND in Finance and Management-related Degree.
• Relevant postgraduate qualifications may be an added advantage.

Experience & Training:

• 3-7 years’ experience in the area of specialization.
• Extensive reconciliation experience
• Strong Experience in Operations within the Fintech/Financial services environment
• Experience working in a global/multinational enterprise with a good understanding emerging markets is preferred
• Good Knowledge of Fintech fraud
• Knowledge of Fintech business processes
• Excellent organisational skills
• Excellent knowledge of accounting policies and procedures
• Knowledge in the Fintech regulatory environment
• Basic risk management skills
• Ability to transfer skills
• Understanding of mobile money registration and liquidation procedures.

Job Conditions

• Working in an open plan office.
• Working 5 days per week with some late/early and weekend working activities.

Salary
N300,000 monthly.

Application Closing Date
21st September, 2023.

Method of Application
Interested and qualified candidates should send their Resume to: benita.chiedu@mactay.com using the job title as the mail subject.