Finance Intern at The GIG Group

Responsibilities

• Ensure daily processing of net settlement files of banks in line with SLA and industry standards.
• Liaise with counterparties – experience centers, supervisors, area coordinators, settlement partners in relation to daily transactions and settlements.
• Daily reconciliation of all balances and transactions on electronic settlements/payments accounts with correspondent banks to internal general ledgers and Agility platform
• Render daily and periodic reconciliation reports.
• Resolving variances and disputes identified from reconciliation
• Overseeing the use and maintenance of POS devices across all assigned centers
• Ensure that all relevant transactions are posted accurately from both an accounting and partner perspective.
• Ensure that failed settlement transactions are tracked and resolved daily
• Take ownership and respond to transaction issues, queries and other reconciliation and settlements escalations
• Investigate and effectively manage the resolution of disputed transactions in collaboration with relevant stakeholders
• Reimbursement and posting of center floats
• Review of expectations when not available and appropriate escalation
• Review of exceptions (items outstanding post reconciliation; that is a comparison of internal expectations with statements/settlement entries).
• Escalation of exceptions to the relevant stakeholders
• Preparation of monthly bank reconciliations for all banks, resolution and posting of all reconciling items into the accounting software
• Ensure no loss of funds. Detect and escalate any loss of funds to all stakeholders promptly.

Qualifications

• Bachelors’ degree in Accounting, Finance or related discipline
•  Experience in a settlement and reconciliation role in a regulated financial institution will be an added advantage.
• Strong numerical and analytical skills, and ability to work with large volumes of data
• Relevant professional certification will be an added advantage
• Attention to details, and understanding of reconciliation.
• Microsoft Excel skills
• Willingness to learn and take ownership