Team Lead, Reconciliation and Settlement at Arca Payments Company Limited

Arca Payments Company Limited - ARCA was founded in 2016, with a clear vision to become Africa's premier payment services platform, fostering Financial inclusion and innovation & actively shaping the future of Financial Services, throughout the region.

We are recruiting to fill the position below:

Job Title: Team Lead, Reconciliation and Settlement

Location: Lagos

Job Description

• The Team Lead, Reconciliation and Settlement will be responsible for the reconciliation and settlement activities within the organization;
• Facilitate complete and accurate processing of settlement figures for all transactions/products by ensuring that required due diligence is performed
• Responds to disputes and ensure that all assigned reports are accurately and timely reconciled to show a true and fair view of processed transaction with partner organizations including banks, payment processing networks, and service providers.

The position will be charged but not limited with the following responsibilities:

• Perform reconciliation for banks and provide report to Head, reconciliation and settlement
• Support each bank E-business team in resolving settlement and reconciliation issues
• Attend to all queries from clients on payments and ensure they are resolved promptly
• Liaise with Bank Settlement team to ensure reconciled funds are transferred to ARCA account
• Contribute to and maintain system standards within the ARCA payment service
• Carry out income/fees reconciliation with Settlement banks, NIBSS and other clients and ensuring value is transferred to ARCA’s account promptl
• Perform daily/weekly analysis of bill payment data: Trends, failure rates etc and extract Business Intelligence from payment data
• Develop and maintain business relations with NIBBS, value card (visa, MasterCard etc), unified payments, Interswitch and ARCA settlement banks
• Ensure daily reconciliation of and correct postings of all cards and other electronic channels transactions
• Verify the incoming and outgoing payment reports
• Liaise with Bank reconciliation team to ensure reconciled funds are transferred to ARCA account
• Provide supervision to the team
• Perform any other task as might be assigned by the department.

Requirements

• Bachelor's Degree in or higher preferably in Accounting or other discipline in Social Sciences from a recognized University.
• Minimum of 3 years working experience in cards/mobile/payment finance, fully integrated in all aspects of settlement and daily reconciliation process
• Detailed understanding of the operational aspects of payment cards, mobile payments and banking industry
• Previous experience within a Reconciliation, Settlement or Middle Office environment
• Excellent documentation skills and use of collaboration tools.

Compensation

• Compensation and benefits are highly attractive and competitive.

Application Closing Date
31st December, 2018

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: We make it a point to review all application received and contact those we want to speak to further within 10 calendar days. With that in mind, if we are interested in a further discussion, you will hear from us again within 10 calendar days from the date of your application submission.