Payment and Settlement Reconciliation Specialist at LemFi (Formerly Lemonade Finance)

LemFi (YC S21) is building the neobank for African diaspora in North America & Europe. We provide our users with a multi-currency account that allows them to hold, send, and receive money from Africa in any currency for their business and personal banking needs. We are a fast-paced startup with entities in the UK, USA, Canada and Nigeria and you would be required to familiarize yourself with necessary statutory and regulatory requirements in these locations.

We are recruiting to fill the position below:

Job Title: Payment and Settlement Reconciliation Specialist

Location: Lagos, NG - Remote
Employment Type: Full-time

Job Description

• The role of the Payment and Settlement Reconciliation Specialist, Nigeria, is a fully remote position within LemFi’s Finance team.
• In this role, you should have demonstrated knowledge of how payment and settlement circle work, end to end, at minimum, 3 years in the same or similar role.

What You'll be Doing

• Prompt reconciliation of allocated products.
• Investigate and provision of solution to clearing out of open items in accounts.
• Investigation and recovery of unsettled transactions with partners and banks.
• Ensure the quality and accuracy of data and present it in a way to help the organization make better decisions.
• Liaising with Customer Management team and Engineering team for the resolution of customer requests and disputes within SLA.
• Monitor disputed transactions for possible fraudulent activity and report to Management.
• Provide relevant information to management on all invalid transactions.
• Work with the Product and Engineering teams to improve the internal process as well as new products for customer satisfaction.
• Analyze income-earning and cost for the organization based on transactions consummated via the partner’s channel
• Monthly reconciliation summary, design and structured with details and accuracy for journal entries.
• Inter-bank analysis and reconciliation for month end closing
• Inter-company transactions analysis
• Consolidation of Statements for products under your purview
• Maintain the relationships with banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner;

Qualifications

• Advanced education Degree is preferred but not required;
• 3-5 years’ experience in the same or similar role at a fintech or financial institution;
• Comprehensive knowledge on how payment and settlement transaction chain work in a global circle;
• Excellent analytical, research, verbal and written communication skills;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online