Payment and Settlement Reconciliation Specialist at LemFi (Formerly Lemonade Finance)

Job description:-

• The role of the Payment and Settlement Reconciliation Specialist, Nigeria, is a fully remote position within LemFi’s Finance team. In this role, you should have demonstrated knowledge of how payment and settlement circle work, end to end, at minimum, 3 years in the same or similar role.

What You'll be Doing:-

• Prompt reconciliation of allocated products.
• Investigate and provision of solution to clearing out of open items in accounts.
• Investigation and recovery of unsettled transactions with partners and banks.
• Ensure the quality and accuracy of data and present it in a way to help the organization make better decisions.
• Liaising with Customer Management team and Engineering team for the resolution of customer requests and disputes within SLA.
• Monitor disputed transactions for possible fraudulent activity and report to Management.
• Provide relevant information to management on all invalid transactions.
• Work with the Product and Engineering teams to improve the internal process as well as new products for customer satisfaction.
• Analyze income-earning and cost for the organization based on transactions consummated via the partner’s channel
• Monthly reconciliation summary, design and structured with details and accuracy for journal entries.
• Inter-bank analysis and reconciliation for month end closing
• Inter-company transactions analysis
• Consolidation of Statements for products under your purview
• Maintain the relationships with banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner;

Qualifications:-

• Advanced education degree is preferred but not required;
• 3-5 years’ experience in the same or similar role at a fintech or financial institution;
• Comprehensive knowledge on how payment and settlement transaction chain work in a global circle;
• Excellent analytical, research, verbal and written communication skills;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment