Settlement Associate
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Job Location:
Monthly Salary:
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
About the job role: Settlement Associates (card operations)
We are looking for Settlement Associates (card operations) for one of the prestigious banks in Caribbean.
You will be responsible for settlement and balancing activities relating to MasterCard Visa American Express JETS Merchant Payments Payments (including Paymaster) and cash advances in conjunction with the Banks Policies and Procedures. Timely clearing of related General Ledgers and Profit & Loss accounts. Adherence to strict internal custody controls and policies and procedures.
Deliver efficient and effective service to both internal and external clients by adherence to established Service
Level Agreements (SLAs).
Location: Kingston
As a Settlement Associate you will:
Adhere to custodial arrangements for negotiable instruments and cards ensuring that the proper custody and controls are maintained.
Action client queries and research requests ensuring that the appropriate action is taken in adherence with the established SLA.
Review MasterCard Prepaid incoming and outgoing reports and report all files which remains outstanding/unsettled immediately to the supervisor.
Review and analyze incoming/outgoing Multilink chargebacks and adjustments.
Reconcile Mastercard & Visa incoming reports and issuer reports and balance days work. Ensure balancing of credit card payments and posting of applicable rejects.
Ensure daily reconciliation of credit card payments submitted by Paymaster agencies and posting of applicable rejects.
Review/balance daily merchant payments and cash advances.
Action outstanding entries on reconciliation accounts ensuring that entries are correctly posted and cleared efficiently.
Prepare and post balanced days work in IT24.
Review all General Ledgers and Profit & Loss accounts and ensure daily manual entries are cleared/balance and report any anomalies promptly.
Perform any other job-related duties assigned from time to time.
What do you need
Minimum of a Diploma or an Associates Degree in Business Administration Management Studies Finance or equivalent qualifications from a recognized tertiary institution.
Training in Credit Card management for Issuers and Acquirers.
Sound knowledge of computer software packages such as word processing and spreadsheet applications. Ability to communicate effectively both orally and in writing.
Strong analytical skills.
Working knowledge of Prime and Online.
Some Card Acquiring/Issuing knowledge an asset. Ability to work well on your own.
Key Skills
- CCTV
- Airport Security
- Analysis
- Higher Education
- Jewellery
- Jboss
