Reconciliation and Settlement Officer at Polaris Bank Limited

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank.With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking services.

We are recruiting to fill the position below:

Job Title: Reconciliation and Settlement Officer

Location: Lagos
Employment Type: Full-time

Job Description

• Perform end-to-end reconciliation of financial transactions, focusing on General Ledger (GL) accounts, bank accounts, and payment platforms.
• Identify and resolve discrepancies etween internal records, bank statements, and third-party systems in a timely and efficient manner.
• Oversee the daily settlement of financial transactions and ensure all entries are accurately posted to the correct GL accounts.
• Collaborate with internal departments (e.g. Finance, Treasury, Operations, IT) and external partners to resolve reconciliation or settlement issues.
• Monitor and manage suspense accounts, clearing accounts, and intercompany transactions, ensuring prompt resolution of outstanding items.
• Maintain up-to-date and accurate reconciliation documentation, audit trails, and compliance records.
• Support monthly and year-end close processes by providing accurate reconciliation reports and schedules.
• Assist in implementing automation tools and improving reconciliation and settlement processes.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Minimum of 3–5 years’ experience in reconciliation and settlement of General Ledger accounts, preferably in a banking, fintech, or financial services environment.
• Strong knowledge of accounting principles and GL systems.
• Proficient in Microsoft Excel and familiar with financial reconciliation software (e.g., BlackLine, Oracle, SAP).
• Analytical mindset with excellent attention to detail and accuracy.
• Ability to work independently and manage multiple priorities under tight deadlines.
• Strong communication and interpersonal skills.

Application Closing Date
Not Specified.

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