Transaction Settlement and Monitoring Officer at Arca Payments Limited

Job Summary

As a transaction settlement and monitoring officer, you will Conduct reconciliations between different revenue sources, such as sales records, accounts receivable, and financial statements, to ensure consistency and accuracy, Address discrepancies found during reconciliations, investigate root causes, and implement corrective actions to resolve issues.

Job Details

• Oversees the settlement of merchants' funds and other parties' fees of POS/WEB/Bank Branch/Cash-based POS transactions received from card schemes at T+1.
• Transmit daily settlement and net settlement files of banks through Nigeria Interbank Settlement Systems (NIBSS).
• Oversee the daily settlement of agents' banking transactions for which transaction was done through merchant service (POS).
• Liaise regularly with NIBSS, and banks regarding the daily settlement of acquired transactions.
• Liaise daily with the account & finance department to confirm settled amounts are adequately credited into the Arca Payment settlement bank accounts.
• Resolve customers' complaints on merchant settlement issues.
• Ensure reconciliation of all channel transactions against settlement files of the same period, for any exemption.
• Ensure reconciliation of all merchants' settled transactions for any exemption of unsettled or wrongly settled transaction(s).
• Ensure prompt distribution to merchants, issuers, acquirers, PTSP, TO, and processors reports.

Requirements

• BSc in Accounting, business administration, finance, and any other related discipline.
• Previous experience within a Reconciliation, Settlement, or Middle Office environment is a plus.
• A Minimum of 3 years working experience in cards/mobile/payment finance, fully integrated in all aspects of settlement and daily reconciliation process.
• A Master's degree in any Social Science course and qualifications will be an added advantage.
• ACCA qualifications

Benefits

• Internet and Airtime Stipend.
• 13th Month Allowance.
• Leave Allowance( To be applicable Upon completion of the probation period)
• Conducive Work Environment.
• Flexible Work Time (Resume by 8:30 am and close by 3 pm for days physically present at the office).
• Training Opportunities for upskilling.
• Birthday Vouchers.