Reconciliation & Settlement Officer at Fort Knox Group

DESCRIPTION

• Ensure daily settlement and reconciliation of all transactions for all products carried across all channels offered by PSB in line with agreed on 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 ensures compliance.
• Monitor the balance on the settlement banks’ accounts
• Ensure daily reconciliation and balancing of all accounts in use for the smooth running of the settlement operations.
• Ensure effective participation in all industry-related settlement activities.
• Respond to daily reconciliation requests to banks and clients
• Liaise with banks’ settlement & reconciliation teams to ensure Reconciled funds/incomes/fees are transferred to relevant accounts promptly
• Ensure the development of SLA or insertion of SLA clauses in business agreements with 3rd party service providers that will protect the interest of PSB at all times
• 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.

REQUIREMENTS

• Over 3 years of working experience in the Fintech or banking industry, fully integrated in all aspects of settlement and daily reconciliation process.
• Bachelor’s degree or HND in Banking & Finance, Accounting or Finance.
• Professional qualifications in ICAN/ACCA or Master’s degree is an added advantage
• Advanced skills and working knowledge of MS Office suite including Word,Excel, and PowerPoint.
• Excellent communication and organizational skills
• Excellent logical and analytical skills
• Astuteness with figures
• Ability to pay attention to details
• A general knowledge of accounting principles.