Settlement and Reconciliation Lead
Cico Nigeria
lagos, NG
4d ago
source : Mrjobsnaija

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.
  • Requirements


  • Minimum of a University Degree in a relevant discipline from an accredited University
  • Relevant certifications
  • 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
  • Industry Knowledge
  • Adaptable
  • Leadership skills
  • Team building skills
  • Persuasive and influencing
  • Ethical
  • Customer-focused
  • 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
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