Jobs at Unified Payment Services Limited

Job Objectives

• Computation of Scheme (VISA, MasterCard, UP, and American Express) Income 
• Acquiring, Switching and Processing Income • Obtain assurance on accuracy of all transaction based fees and income and income from services rendered.
• Confirm accuracy, adequacy, and completeness and prompt settlement of Merchant(s) in line with terms of engagement.
• Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; determining audit scope and objectives; drafting audit programs. 
• Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.
• Ensure chargebacks and disputes are resolved in line with existing rules, and appropriate approvals are obtained for all transaction reversals.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
• Shall conduct periodic data analysis on Web, ATM, POS and Mobile income streams and reconciliation to the general ledger and the production of audit reports in line with approved audit Plan.
• Detailed periodic review of Agency services, banking, Settlement and collection transactions.
• To conduct detailed investigation as may be required from time to time.

To Conducts Financial Audit and Other Audit Reviews such as:

• To Stock take exercise/Inventory management review and reporting,
• Staff allowances and advances review and audit,
• Fixed asset tagging and verification,
• Consumable consumption management, prepayments, Accounts Payables,
• Pay Attitude stock management & Operations review,
• Spot checks on company’s cash and fixed assets,
• Attendance at User Acceptance testing for projects /products and the management of asset bidding process for item disposal.
• Independent Review and computation of company’s income on Personalization and fulfillment activities for partner banks and merchants.
• Proffer workable value added solutions for management consideration.
• Effectively discuss audit issues and develop business focused controls recommendations to strengthen control lapses and weaknesses.

Requirements
Education:

• First degree in Accounting/ Business Admin. CERTIFICATIONS: Certification in Accounting (ACCA, ACA) is mandatory Others: CISA (Certified Information System Audit) would be an added advantage.

Experience:

• Understanding of the key technical concepts in Financial Audits.
• Minimum of 10 years audit working experience in Financial Auditing.

Key Competency:

• Knowledge of Financial Auditing & Accounting knowledge.
• Fundamentals of E-payment Settlement process and cycle.
• Payment Card concepts and techniques.
• Clear understanding of Payment Card industry standards and Regulation.

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Job Objective

• To ensure that the company’s activities within the scheme(s) it operates in are fully compliant with relevant laws, regulations, and industry standards. This includes overseeing the adherence to regulatory frameworks, addressing compliance risks, and working with regulators to ensure the integrity of the scheme operations.

Duties and Responsibilities

• Monitor and ensure compliance with regulatory requirements specific to the schemes the company operates under.
• Maintain up-to-date knowledge of all regulations and industry standards that affect the operation of the schemes.
• Develop, implement, and review compliance frameworks to ensure they align with regulatory requirements for scheme operations.Identify, assess, and manage compliance risks related to scheme operations and implement strategies to mitigate these risks.
• Develop and conduct risk assessments to identify potential areas of non compliance and devise strategies to manage these risks.
• Serve as the primary point of contact for regulatory authorities, ensuring clear and timely communication regarding scheme compliance matters.
• Collaborate with the Enterprise Risk Management team to ensure that compliance risks are incorporated into the overall company’s risk management framework.
• Ensure that appropriate internal controls are implemented to reduce the risk of non-compliance with regulatory requirements.

Requirements

• University Degree in Law, Finance, Risk Management, Business Administration, or a related field.
• Must have 4-7years of experience in regulatory compliance, risk management, or audit, preferably within the financial services, payments industry, or a related field.
• Strong understanding of regulatory frameworks and industry standards for schemes and payments systems.
• Experience in working with regulatory authorities and managing regulatory reporting requirements.

Professional Memberships (Mandatory):

• Membership in relevant professional bodies such as Association of Certified Compliance Professionals (ACCP), International Compliance Association (ICA), or other relevant certifications.

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Job Objectives

• The Head, Revenue Assurance is responsible for providing independent assurance that all revenue-related processes, systems, and controls across the organization are efficient, accurate, and compliant with internal policies and regulatory standards.
• The role focuses on identifying revenue leakages, assessing the adequacy of revenue controls, and recommending improvements to strengthen financial integrity and operational efficiency.
• The incumbent will lead revenue-focused audit engagements and collaborate closely with Finance and Accounts, Operations, IT teams and other stakeholders to ensure transparent and reliable revenue reporting.

Duties & / Responsibilities

• Lead and execute audits and reviews focused on revenue generation, recognition, billing, and collection processes. ▪ Verify the accuracy and completeness of receivables vis-à-vis collections, Scheme Receivables - Amount due to UP as licensed Acquirer for both domestic and international transactions (Visa, MasterCard, Amex, CUP, Payattitude, and others).
• Verify the completeness and accuracy of file generated on approved transactions processed for local settlement and secondary settlement.
• Quality checks to forestall duplicate or incomplete submission of clearing files to the different schemes in specified formats and within defined time windows for each scheme
• Identify revenue leakages, control gaps, and process inefficiencies; recommend and monitor corrective actions.
• Assess compliance with internal revenue policies, accounting standards (IFRS, GAAP), and regulatory requirements.
• Monitor revenue risks and emerging control issues that may impact financial reporting accuracy.
• Ensure audit recommendations are implemented effectively and within agreed timelines.
• Review revenue-related systems (billing, ERP, POS, etc.) for data integrity and control effectiveness.
• Collaborate with IT Audit to ensure system configurations support accurate revenue capture and reporting.

Requirements
Education:

• Bachelor’s Degree in Accounting, Finance, Economics, or related field.
• Professional certification required: ACA, ACCA, CPA, CISA, CIA, or equivalent.

Experience:

• Minimum of 10 years relevant experience, with at least 5 years in audit leadership roles focused on revenue assurance, risk management, or financial controls.
• Experience in banking, telecommunications, insurance, utilities, or large corporate audit environments preferred.
• Strong understanding of revenue recognition principles, internal controls, and riskbased auditing methodologies.
• Proven ability to use audit management and data analytics tools (e.g., ACL, IDEA, Power BI, SQL).