Head, Clearing and Settlement Operations at Unified Payment Services Limited

Unified Payment Services Limitedis Nigeria’s premier Payments & Financial Technology company that 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, Clearing and Settlement Operations

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

Job Objectives

• To ensure seamless file generation for UP Settlement (ATM/POS), Dispute management, Scheme Settlement, MPGS Service and Scheme Dispute Management (Chargeback) 
• To supervise designated staff.

Duties & Responsibilities

• • 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.
• 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 transactions 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 file or transactions where applicable and submission within 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 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.

Job Requirements

• University Education: First Degree (2:2 or Lower credit) in Accounting, Statistics and Economics and Mathematics. 
• Others: Professional membership of ICAN/CIMA/ACCA or similar recognized professional bodies (an added advantage).
• Experience: 7 and above years post NYSC cognate experience. 

Key Competency Requirements:

• Knowledge Excellent knowledge of cost and financial accounting principles, practices and procedures. 
• Knowledge of Card Payment industry. 
• Excellent knowledge of cost and financial accounting principles, practices and procedures. 
• Knowledge of International Financial Reporting Standards Knowledge of supervisory practices and principles.
• Knowledge of Card Payment industry.

Skill / Competencies:

• High degree of accuracy.
• Deductive reasoning abilities and eye for details.
• Strong interpersonal and communication skills
• A good influencer and astute leader
• Advanced Excel user.
• Demonstrate ability to cope with pressure and meet deadlines. 
• High degree of accuracy.
• Deductive reasoning abilities and eye for details.
• Strong interpersonal and communication skills
• Advanced Excel user.

Key Performance Indicators:

• 99% accuracy and integrity of GL data and financial information. Timeliness of Reports  100% documentation.

Application Closing Date
31st May, 2025.