Settlement and Reconciliation Lead

Who we are

Moniepoint is a financial technology company digitising Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed.

Job Purpose:

The Settlement and Reconciliation Lead is responsible for resolving all issues arising from electronic transactions and perform automated back-office processing such as dispute processing, settlement, reconciliation and reporting.

In addition and more specifically, the S&R Lead must be able to create chart of accounts, provide insights and product documentation to developers and product managers so as to ensure our infrastructure has automated and accurate settlement and  reconciliation processes.

Responsibilities

Processing and settlement of transactions initiated from account/wallet transfers, debit or credit cards and USSD and other modes across various platforms

Ability to develop processes for chart of accounts to take into consideration transaction ID’s, statutory transaction cost, revenue share etc and other parameters that ensure accurate settlement and reconciliation of transactions

Attending to customer and merchant disputes and ensuring prompt resolution

Liaising with switching companies and card schemes on Settlement issues

Rendition of daily CBN regulatory requirement report

Settlement of transactions routed through various payments platforms

Development and implementation of strategies to reduce operational risk and ensure safe and reliable settlement processing.

Daily reconciliation of accounts for exceptions and subsequent escalation of exceptions to the switch and other vendors or third parties for resolution.

Ensures timely reconciliation of all transactions done on the bank’s terminals

Performs settlement of interbank card transactions such as VISA, MasterCard, Verve

Executes chargebacks and dispute resolutions of local and international cards transactions

Performs electronic transaction analytics and reporting using SQL and Excel.

Develop Business Requirement Documents and SOPs for the automation of settlement processes