Head, Clearing And Settlement Operations

JOB OBJECTIVE(S):

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.

KEY COMPETENCY REQUIREMENTS:

Knowledge: Excellent knowledge of cost and financial accounting principles practices and procedures.

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.

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.

Experience: 10 and above years post NYSC cognate experience.

KEY PERFORMANCE INDICATORS:

99% accuracy and integrity of GL data and financial information.

Timeliness of Reports

100% documentation

REPORTING RELATIONSHIPS: Group Head Settlement & Dispute Management