Jobs at Unified Payments Services Limited

Job Objective(s)

• To ensure accurate and timely financial reporting and analysis to support informed decision making and regulatory compliance.

Duties & Responsibilities

• Accounting accuracy for revenue-based income.
• Rendition of receivable reports.
• Monthly revenue assurance report.
• Monthly revenue schedule report.
• Rendition of income reports to stakeholders.
• Month-end income analysis report.
• Monthly profitability analysis report.
• Liquidity monitoring.
• Performance reporting.
• Completeness of acquirer receivables and obligations.
• Treasury Management.
• GL Proofing – schedule of assigned Payables and Receivables account.

Key Performance Indicators

• Timeliness of Reports.
• 100% documentation.

Job Requirements
Education:

• First Degree in Accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.

Experience:

• Have a minimum of 14 years post-NYSC cognate experience.

Knowledge:

• Comprehensive understanding of accounting principles and financial reporting standards (e.g., IFRS, GAAP).
• Proficiency in financial analysis techniques and tools.
• Knowledge of regulatory requirements and compliance obligations in the financial reporting domain.
• Familiarity with ERP systems and financial reporting software.

Skill / Competencies:

• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Advanced proficiency in Microsoft Excel and other financial analysis tools.
• Effective communication and presentation skills.
• Leadership abilities to inspire and develop a high-performing team.
• Project management skills to drive process improvements and meet deadlines.
• Ability to work collaboratively across departments and influence key stakeholders.

go to method of application »

Job Summary

• To ensure that UP settlement account is always adequately funded to accommodate merchant and stakeholders settlement daily.
• Ensure rendition of monthly Income Reports.

Responsibilities

• Daily monitoring of Scheme Receivables - Amount due to UP as licensed Acquirer for both domestic and International transactions (Visa, MasterCard, Amex, CUP and Payattitude).
• Daily monitoring of amount due to UP from co-acquirers.
• Daily acquirer obligation to merchants.
• Monitoring and reporting of daily balances into receivables account for settlement from MasterCard Naira.
• Monitoring and reporting daily balances into receivables account for settlement from Visa Naira.
• Monitoring and reporting daily balances into receivables account for settlement from various scheme for Dollar transactions.
• Monitor and report accuracy of debits into the settlement account in favour of merchants, PTSP, PTO, domestic switches and PTSA.
• Monitor and report accuracy of debits into the settlement account in favour ATM settlement.
• Revenue Assurance: Recover PTSP and TO Income (Receivable) from Other Settlement Agents-(e.g ISW & Zenith Bank).
• Review of MSC charged to merchants and clients.
• Re-computation and Assurance of UP's transactional based revenues (PTSP, PTO, Switch, Processing Fee, Acquirer and Acquirer Margin) and other fees charged by UP and collected daily.
• Management Accounts: To ensure that Management obtains timely and consistently relevant financial information for decision making and planning purposes.
• Rendition of Income Reports to stakeholders in agreed format. 
• Daily Income Analysis Report.
• GL Schedules: To ensure that errors are detected and corrected promptly for specific GL Accounts.
• Accounting correctly in the GL for all schemes (local and international); Fees deductions prior to the Scheme Net Settlement.
• Rendition of Receivable reports.
• Fund recoveries of all single settlement and 2UP disputed merchant transactions.
• Accounting correctly in the GL for all Verve transactions scheme receivables.
• Preparation of disbursement schedule for social welfare scheme.
• Accounting correctly in the GL for revenue earned by UP for all social investment activities’ carried out.
• Accounting correctly in the GL for all payment of scheme receivables.
• Accounting correctly in the GL for UP as merchant receivables (PayArena) and daily tracker of sales against inventory.
• Accounting correctly in the GL for amount due to other PTSPs and PTO (different from UP).
• Treasury Function.

KPI

• 99% accuracy in settlement
• Timeliness of Reports
• 100% Documentation.

Requirements

• First Degree in Accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies
• Minimum of 3 years’ experience post NYSC.

Skill / Competencies:

• Computer skills (Microsoft package)
• Good interpersonal skills.
• Attention to details
• Critical reasoning and analytical abilities
• Good writing and oral communication & presentation skills Knowledge
• Good Microsoft Excel skills.
• Presentation skills.