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  • Team Lead, Reconciliation and Settlement at Arca Payments Limited

  • Posted on: 26 November, 2018 Deadline: 31 December, 2018
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  • 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.

    Team Lead, Reconciliation and Settlement

     

    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.

    Method of Application

    Use the link(s) below to apply on company website.

    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.

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