Reconciliation and Settlement at MacTay Consulting

Job Summary
Reconciliation Operations:

• Perform reconciliations daily.
• Forward all reconciling issues to the appropriate quarters (back-office operations, NIBSS, CEVA, Flutter waves. etc.) as the case may be, for prompt resolutions.
• Review and initiate daily journal captured for merchants and partner settlement to ensure they are properly accounted for and authorized.
• Capture all unresolved deposits in the mobile money system.
• Perform internal transfer requests for banks, partners, and merchants.
• Set up scheduled and automatic liquidations of partners, merchants and banks.
• Follow up on back-office operations to lift the suspension of banks, merchants, and partners to facilitate the processing of their liquidations.
• Ensure end-to-end follow-up and closure of all reconciling items in PSB ledger account reconciliation.
• Prepare sign-off for all reconciled ledger accounts daily.
• Advise treasury on funding based on the reconciliation of all pre-funded accounts.
• Maintain confidentiality of records.
• Flag identified irregular transactions or movement identified during the reconciliation of accounts.
• Perform periodic quality reviews of data, and highlight red flags where observed.
• Perform reconciliation of paid-up agent commission
• Handling of banking queries raised by agents
• Ensure settlement and reconciliation audit recommendations are followed up and objectively closed.
• Make recommendations on modifications for improvement to processes.
• Communicate with banks, partners and merchants for any unresolved issues.
• Any other duty as may be required that is in line with the nature of job and level of responsibility.

Qualification(s)

• B.Sc / HND in Finance and Management-related Degree.
• Relevant postgraduate qualifications may be an added advantage.

Experience & Training:

• 3-7 years’ experience in the area of specialization.
• Extensive reconciliation experience
• Strong Experience in Operations within the Fintech/Financial services environment
• Experience working in a global/multinational enterprise with a good understanding emerging markets is preferred
• Good Knowledge of Fintech fraud
• Knowledge of Fintech business processes
• Excellent organisational skills
• Excellent knowledge of accounting policies and procedures
• Knowledge in the Fintech regulatory environment
• Basic risk management skills
• Ability to transfer skills
• Understanding of mobile money registration and liquidation procedures.

Job Conditions

• Working in an open plan office.
• Working 5 days per week with some late/early and weekend working activities.