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    • Team Lead Inhouse Settlement at First Bank

    Posted: Apr 25, 2024
    Expires: May 2, 2024
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    First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank ...

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    Team Lead Inhouse Settlement

    JOB DESCRIPTION

    • Manage the seamless delivery of new in-house applications that do not settle via the switches.
    • Daily supervision, review of settlement files and upload of: 
    • Customs duties manual collections 
    • Nigerian Export Supervisory Scheme (NESS) collections 
    • Customs duties Paydirect collections
    • Resolution of failed Custom & NESS transactions on PayDirect & Firstcollect Platforms
    • Supervise the daily, weekly and monthly statutory returns and reports in respect of manual Customs Duties collections remittance, NESS and NDCC remittances before submission to CBN and the various Customs ports 
    • Ensures timely processing in the deactivation of Direct Debit Mandates customers (ARM Insurance, etc.) 
    • Resolution of failed transactions initiated by various customers on inhouse application platform.
    • Supervision of dispatched mailer to Lagos branches and upcountry branches via the courier service 
    • Supervision and monitoring of record keeping of documents for customs, NESS and pin mailer.
    • Ensures prompt weekly settlement and pre-reconciliation of PAYU in-branch transactions 
    • Carries out daily reconciliation of biller transaction report with the settlement report for Firstbillspay settlement
    • Reviews with the billers on variances with settlement and ensures prompt reversal is done to prevent loss of funds
    • Prepares monthly invoice payment for the vendor via WEBADI and follows up to ensure prompt payment processing by the procurement and Centralized admin unit.
    • Monitoring and recoup of funds to Ebusiness receivable account
    • Conduct a second level authentication check on prepared E-tranzact settlement data upload file 
    • Authorizes e-tranzact for settlement debits after obtaining approval from Heads of Settlement, Account monitoring and concurrence from the Head of department.

    Requirement

    • Minimum experience: 8 years, 5 of which must have been spent in e-Banking/Products
    • Minimum Education: 1st Degree in a numerate discipline

    Check how your CV matches this job

    Method of Application

    Interested and qualified? Go to First Bank on hdbc.fa.em2.oraclecloud.com to apply

    Build your CV for free. Download in different templates.

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