Specialist - Settlement and Reconciliation EWP., Switching Platforms and NIBSS at MTN Nigeria

Job Identification: 1585
Location: Victoria Island, Lagos
Job Category: MTN Level 2
Job Schedule: Full time
Reports To: Manager Settlement and Reconciliation
Division: MoMo Payment Service Bank

Description

• Maintain chart of accounts and general ledger unique to each individual program
• Perform bank reconciliations on a daily basis
• Review and initiate daily journal captured for merchants and partner settlement to ensure they are properly accounted for and authorized
• Capture all unresolved deposit in the mobile money system
• Perform internal transfer request for banks, partners, and merchants
• Set up scheduled and automatic liquidations of partner, merchants and banks
• Follow back-office operation to lift suspension of banks, merchants and partners to facilitate 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 prefunding based on reconciliation of all prefunded accounts
• Maintain confidentiality of records
• Flag identified irregular transactions or movement identified during reconciliation of accounts
• Perform periodic quality reviews of data, highlight red flags where observed
• Perform reconciliation of paid-up agent commission
• Handle 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.

Requirements
Education:

• First Degree in any discipline, but Finance and Management related Degree is desirable
• Relevant post graduate qualification may be an added advantage.
• Fluent in English

Experience:

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