Payment & Reconciliation Officer at FINCA International

About the Job

• FINCA Nigeria seeks to employ an individual with a good knowledge of accounting as Payment & Reconciliation Officer. The role reports to the Senior Financial Accountant or as designated.
• The ideal candidate should be an individual who is organized and can collect, process and reconcile a wide range of variety of accounting documents and transactions;
• Perform settlement of payment transactions and general account proofing to ensure the bank receives timely and appropriate values, while minimizing payment exposures.

KPI/Duties and Responsibilies
Settlements:

• Liaison with independent service provider, e.g Mobile Network Companies, Agents for Agency Banking as per Service Level Agreement on settlement of payment transactions.

Reconciliation:

• Reconciliation of all settlement transactions using the transaction/settlement reports to ensure appropriate values are received by the bank as and when due

Account Proofing:

• Preforming a bi-monthly proofing of all general ledger accounts, and escalates exceptions.
• Reconciliation of all payable and internal accounts to avoid abuse and income loss.

Payments:

• Payment of all remittances (PAYE,WHT,VAT,Stamp Duty, Pension etc.) to our corresponding Banks
• Process payment to vendors, shareholders directors etc. accurately and timely.
• Other payments required by the Bank.

Cash Contribution/Collateral:

• Reconcile card transactions (POS)

Administration:

• Other task as assigned by the Head of Department

Key Relationship

• Financial Accountant
• Senior Financial Accountant/Treasurer
• Chief Financial Officer
• Other FINCA Staff

Qualifications and Experience

• Degree or HND in Accounting or its equivalent.
• Professional qualification comes as an added advantage.
• Minimum of 1-2 years reconciliation work experience with a good financial/banking institution.
• A good knowledge of microfinance will be an added advantage.
• Proficient in Microsoft Excel and word required

Supervisory Responsibilities:

• The Job is with no supervisory responsibilities.

Critical Competencies:
To perform the job successfully, an individual should demonstrate the following competencies:

• Ethics: Treats people with respect; keeps commitments; inspires the trust of others; Works with integrity and ethically; upholds organizational values.
• Problem Solving: Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
• Analytical: Synthesizes complex or diverse information; Uses intuition and experience to complement data.
• Decision maker: Manages difficult or emotional decision in any situations, responds promptly to the needs, and meets commitments.
• Technical Skills: Strives to continuously build knowledge and skills; Share expertise with others.
• Oral Communication: Speaks clearly and persuasively in positive or negative situations, listens and gets clarification, responds well to questions.
• Organizational Support: Follows policies and procedures; Completes administrative tasks correctly and on time.
• Planning/Organizing: Prioritizes and plans work activities; Uses time efficiently.
• Professionalism: Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
• Quantity: Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
• Attendance/Punctuality: Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
• Customer Service – Manages difficult or emotional customer situations; Responds promptly to customer needs; Meets commitments.
• Interpersonal Skills – Focuses on solving conflict, not blaming; Maintains confidentiality; Remains open to others’ ideas and tries new things.