Head Financial Analysis

• Daily monitoring of Scheme Receivables - Amount due to UP as licensed Acquirer for both domestic and International transactions (Visa Mastercard Amex CUP and Payattitude).
• Daily monitoring of amount due to UP from co-acquirers.
• Daily monitoring of acquirer obligation to merchants.
• Monitoring and reporting of daily balances into receivables account for settlement from Mastercard Naira.
• Monitoring and reporting daily balances into receivables account for settlement from Visa Naira.
• Monitoring and reporting daily balances into receivables account for settlement from various scheme for Dollar transactions.
• Monitor and report accuracy of debits into the settlement account in favour of merchants PTSP PTO domestic switches and PTSA.
• Monitor and report accuracy of debits into the settlement account in favour ATM settlement.
• Revenue Assurance: Recover PTSP and TO Income (Receivable) from Other Settlement Agents (e.g. ISW & Zenith Bank)
• Review of MSC charged to merchants and clients.
• Recomputation and Assurance of UPs transactional based revenues (PTSP PTO Switch Processing Fee Acquirer and Acquirer Margin) and other fees charged by UP and collected daily.
• Monthly invoicing to Banks and Customers.
• Receivable collection through Settlement via NIBSS. To ensure timely execution of contractual agreement via NIBSS as they fall due.
• Ensure that Management obtains timely and consistently relevant financial information for decision making and planning purposes.
• Rendition of monthly Income Reports to stakeholders in agreed format.
• Daily Income Analysis Report.
• GL Schedules: Ensure that GLs are reviewed and proofed while errors are detected and corrected promptly.
• GL Data Capture of Receivables: Ensure that all debtors are fully recognised in the book and properly accounted for in the GL.
• Ensure accounting correctly in the GL for all schemes (local and international); Fees deductions prior to the Scheme Net Settlement.
• Rendition of Receivable reports.
• Fund recoveries of all single settlement and 2UP disputed merchant transactions.
• Accounting correctly in the GL for all Verve transactions scheme receivables.
• Accounting correctly in the GL for all Project incomes annual invoices and amortised transactions.
• Preparation of disbursement schedule for social welfare scheme.
• Accounting correctly in the GL for revenue earned by UP for all social investment activities carried out.
• Accounting correctly in the GL for all payment of scheme receivables.
• Accounting correctly in the GL for UP as merchant receivables (Payarena) and daily tracker of sales against inventory.

Delegated tasks: Performing any other tasks as may be assigned from time to time.

KEY PERFORMANCE INDICATORS

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

JOB REQUIREMENTS

Education Qualification:

• First degree in Accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.

Experience:

• Have a minimum of 10 years post-NYSC cognate experience.

Knowledge

• 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

• Demonstrate ability to cope with pressure and meet deadlines.
• High degree of accuracy.
• Deductive reasoning abilities and eye for details.
• Strong interpersonaland communication skills
• Advanced Excel user.