Head, Financial Analysis at Unified Payment Services Limited

Job Objective (s)

• To ensure accurate and timely recording of all financial transactions in line with company policies, rules and guidelines as well as regulatory standards. 
• To ensure that management reports are produced accurately and timely. 
• To produce such reports as may be requested by management for the purpose of decision making. 
• To supervise designated staff.

Duties & Responsibilties

• 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.
• Re-computation and Assurance of UP's 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 recognized 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 amortized 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.

Staff Attraction, Motivation and Retention:

• Fill vacant roles within the department in a timely manner and provide opportunities for growth and development.
• Provide training, mentorship, and up-skilling programs.
• Recognize and reward individual and team achievements and contribution.
• Encourage open communication and feedback.
• Give employees autonomy and ownership of their work to motivate them.
• Foster a positive work culture that encourages collaboration, innovation, and creativity.
• Regularly engage direct reports to understand their needs and concerns.
• Foster a diverse and inclusive work environment that values different perspectives and backgrounds.

Requirements

• Education: First Degree in Accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies
• Experience: 10 years’ experience post NYSC.

Skill / Competencies:

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

Reporting Relatuionships:

• Functionally reports to: Group Head, Revenue and Analysis.