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Senior Settlement & Reconciliation Specialist (Remote) at Fincra 4 May 2023

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Company: Fincra
Location: Nigeria
State: Lagos Jobs
Job type: Full-Time
Job category: Administrative/Secretarial Jobs in Nigeria

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Job Description

Fincra is a payment infrastructure for fintechs, platforms and global businesses. Fincra provides payments solutions that enables businesses to accept payments
securely, make payouts globally and scale your business across borders.

We are recruiting to fill the position below:

Job Title: Senior Settlement & Reconciliation Specialist

Location: Lagos (Remote)
Job type: Full-time
 Role Overview

As the Senior Settlement &

Reconciliation Specialist at Fincra,
you will be responsible for managing
the daily reconciliation and settlement
of all transactions processed by
Fincra, executing operational
processes around how we settle
payouts to merchants, managing daily
weekly and monthly reconciliation of
settlements, and escalations to
banking partners, liquidity providers,
payment processors and more for any
risk-related issues.
You will be responsible for following through with unreconciled items for assigned accounts, and analyzing and recording all appropriate debit and credit
adjustments.
The ideal candidate will be a dedicated, laser-focused, and highly organized team player.
You’ll be reporting directly to the Head, Transaction Processing.

What you will be doing every day

Managing all Fincra collection accounts in all the various banks i.e treasury and liquidity management.
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 Fincra 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 Fincra 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 Fincra and the
settlement Banks.
Monitor balance on the Settlement Bank pool account daily. Make records of merchants deposits.
Monitor all processing-related expenses charged to the Fincra and manage the monitoring and resolution of any monetary rejects or discrepancies
reported by Fincra.
Monitor and validate Fincra monthly billing statements.
Ensure Fincra 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.

Minimum Requirements

Cultural and Value fit

7+ years of experience working in a similar role in banking, fintech or financial services industry.
Experience in local and international cards and payment, fully integrated into all aspects of settlement and daily reconciliation process.
In-depth knowledge of bank reconciliation and settlement dynamics and processes.
You have strong knowledge of internal controls and financial reporting.
Excellent Data Analysis & Reporting skills – You have the ability to turn large data sets into meaningful insights.
You have the appetite to jump headfirst into a fast-moving, fast-growing, mission-driven team that values creativity and output.
Excellent organizational skills, ability to prioritize effectively and handle multiple tasks simultaneously in a very fast-paced environment. Essentially, you
need to be able to deliver under pressure.
Adaptive: You are curious, optimistic and a skilled problem-solver. You embrace the unknown and are able to adapt to shifts in priorities. You look outside
your day-to-day to ensure you keep learning and growing.
Proven understanding of the Fintech space and the disruptive opportunities being created.
Sound judgment, a high degree of professionalism, and the ability to maintain confidentiality.

Cultural competencies (Company culture that we don’t negotiate with):

 Ownership, We are a team of individuals who are the CEO of their roles, and are able to consistently make excellent decisions independently, even in the
face of ambiguity or uncertainty. Our people have the creative freedom to design solutions to problems and the responsibility to execute the right results,
expecting the same of your teammates. The company strives to provide overall direction and expectations for each team and role, however, we value people
who are able to lead and drive initiatives on their own, in line with the direction.
Excellence, For us to achieve our very lofty goals as a company, we need to be able to produce best-in-class results, even in the minutest of tasks. We
are first principle thinkers and we focus on solving problems from the root cause and not just the symptoms of the problem.
People Skills, Our people are our greatest asset. They make up the company, the culture and their behavior reflect what our values are. We immensely
care about our people and we always make our best effort to see that our people love spending time with each other.
Communication, We are a people that take feedback seriously and we don’t shy away from even the hard stuff.

Perks

A chance to be an early member of a high-growth startup

We pay competitively in the Nigerian market for the matched experience and role
Amazing work culture and a company that truly cares about creating the best and most fun place to work
We offer health insurance that includes dental, optical & covers major surgeries.
Interest-free staff loans upon confirmation
We currently work fully remote
Stock options for early employees.
Annual Training budget.

Application Closing Date

Not Specified.

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Method of Application

Submit your CV and Application on Company Website : Click Here

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