Cico Nigeria's job vacancy, Career and Recruitment
Job title : Settlement and Reconciliation Lead jobs in Lagos Job Location : Lagos Deadline : August 18, 2022
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Managing all CiCO Serve collection accounts in all the various banks i.e treasury and liquidity management.
Handling settlement of funds and monitoring thereof
Managing transaction disputes and reconciliation of all transactions on a daily basis
Managing the day to day working relationship with Settlement Banks from an accounts perspective
Liaise with counterparts (NIBSS, Interswitch, banks) in relation to all daily settlements.
Maintain a complete and current database of settlement details with approved counterparts
Perform reconciliations between CiCO Serve and related systems in accordance with approved practice.
Ensure all discrepancies are promptly investigated and remedial action is taken
Ensure reporting is performed in accordance with pre-established time frames.
Actively monitoring the CiCO Serve Financial Summary Module and preparing system revenue positions daily.
Ensuring that all internal systems and work processes operate efficiently and that workload backlogs are prevented and maximum permitted transaction processing timelines are not breached.
Monitoring transaction authorization requests, dealing with exception items and referrals and identifying any suspicious transaction behavior.
Reviewing system performance MIS reports and dealing with any issues arising.
Regularly tracking systems and transaction processing performance against agreed parameters / SLA levels.
Manage the daily clearing and settlement and reconciliation process, reconciling transaction incoming and outgoing files provided by both CiCO Serve and the settlement Banks.
Monitor balance on the Settlement Bank pool account daily. Make records of client deposits.
Monitor all processing-related expenses charged to the CiCO Serve and manage the monitoring and resolution of any monetary rejects or discrepancies reported by CiCO Serve.
Monitor and validate CiCO Serve monthly billing statements.
Ensure CiCO Serve and other service providers / partner invoices are validated and paid on time without incurring penalty charges.
Monitor and control the billing process ensuring that the system flags any late or non-payments through the production of exception reports.
Performs additional duties and responsibilities as required.
EXPERIENCE / QUALIFICATIONS
Minimum of a University Degree in a relevant discipline from an accredited University
At least 2 years of experience in a similar position
Knowledge of the agency banking industry
Advanced use of Excel and Data management tools
Data Analytics and Management Skills
Quantitative and Qualitative Reasoning
Proactive attention to detail
Strong Business Acumen
Team building skills
Persuasive and influencing
Interpersonal and Communication Skills
Resilient and productive under pressure
Accounting / Financial Services jobs in Nigeria *Accounting / Financial Services jobs in Lagos *Settlement and Reconciliation Lead in Lagos