Settlement & Reconciliation Officer
Settlement & Reconciliation Officer
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Job Description
Job Summary
We are looking to hire a Settlement & Reconciliation Officer to manage transaction processing ensure timely settlement of financial activities and maintain accurate reconciliation of accounts.
To be successful in this role you should have previous experience as a settlement & Reconciliation Officer in a bank or financial institution. Our ideal candidate should combine an eye for details excellent people management skills with a goal-driven mindset.
Ultimately you will ensure your area of responsibility meets and exceeds the expectations of our business objectives and contributes to our company s success
Perform daily reconciliation of all financial transactions across various payment channels (cards POS transfers mobile money etc.).
Validate and match incoming and outgoing settlement reports with transaction records from internal systems.
Investigate and resolve transaction mismatches chargebacks and settlement disputes promptly.
Liaise with banks payment processors and other financial partners to ensure timely settlement of funds.
Maintain accurate records of reconciliations settlements and resolution actions for audit purposes.
Generate and share reconciliation and settlement reports with relevant internal teams.
Work with IT and product teams to resolve system-related reconciliation issues.
Support end-of-day month-end and year-end financial closure processes.
Ensure compliance with regulatory and internal financial reporting standards.
Participate in the development and improvement of reconciliation and settlement processes and tools.
Requirements
- Bachelor s degree or equivalent in Finance Accounting or related field from an accredited university
- 2-5 years of experience in settlements reconciliation or financial operations (preferably in a fintech bank or payment service provider).
- Strong analytical and problem-solving skills.
- High attention to detail and accuracy.
- Proficiency in Excel and reconciliation tools; knowledge of ERP or financial software is an advantage.
- Familiarity with payment systems transaction flows and financial products.
- Excellent communication and interpersonal skills.
- Ability to multitask and meet deadlines.
Employment Type
Full Time
