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  • Posted: Mar 10, 2023
    Deadline: Mar 14, 2023
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Fort Knox Group is one of the most diversified security and financial outfits in West Africa with fixed based operation in Nigeria servicing security contracts throughout the West Africa sub-region from its headquarters in Abuja, Nigeria. The company has a hard-earned reputation for excellent business practices and delivery, built over 95 years of global ...
    Read more about this company


    Reconciliation and Settlement Officer (Support)

    Remuneration- 150, 000
    Date: March 2023


    • To maintain daily, smooth running of the settlement, dispute and reconciliation of all electronic payment transactions carried by customers, clients, and partner organizations across multiple channels.
    • To ensure regular balancing of all required accounts used for running backend operations within the stipulated timeline.
    • To work closely and provide support to all other departments in the company where and when necessary


    • Ensure timely settlement of all transactions in line with deadlines agreed with clients and partners or regulatory-defined timelines.
    • Daily settlement and reconciliation of all transactions for all products carried across all channels offered by PSB in line with agreed commercials
    • Ensure settlements are done in strict adherence to regulatory- defined timelines or as may be agreed with each client or partner.
    • Ensure regular (up-to-speed) understanding of regulatory policies as it applies to Settlement operations and ensure compliance.
    • Monitor balance on the settlement banks’ accounts
    • Ensure daily reconciliation and balancing of the accounts under purview
    • Ensure effective participation in all industry-related settlement activities.
    • Liaise with banks’ settlement & reconciliation teams to ensure reconciled funds/incomes/fees are transferred to relevant accounts promptly.
    • Ensure all files are processed within defined SLA.
    • Ensure the team acts as second level support on queries from clients on payments and ensure they are resolved promptly.
    • Ensure zero losses that may be due to penalties or wrong settlement.
    • Ensure all internal systems and work processes operate efficiently.
    • Prevent workload backlogs ensure and maximum permitted transaction processing timelines are not breached.
    • Ensure submission of quarterly reports to the various card schemes before the due date.

    Educational Qualifications & Functional / Technical Skills

    • Bachelor’s degree or HND in Banking & Finance, Accounting or Finance.
    • Advance skills and working knowledge of MS Office suite including Word, Excel, and PowerPoint.
    • Excellent communication and organizational skills
    • Ability to pay attention to details
    • A general knowledge of accounting principles.
    • Over 3 years working experience in the Fintech or banking industry, fully integrated in all aspects of settlement and daily reconciliation process.

    Method of Application

    Interested and qualified candidates should forward their CV to: using the position as subject of email.

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