Moniepoint Incorporated is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.

We are recruiting to fill the position below:

Job Title: Settlement and Reconciliation Lead

Location: Lagos

About the Role

• 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

Application Closing Date
Not Specified.