Head, Clearing and Settlement Operations

Unified Payments is a group of companies with services including Banking, Payment Scheme, Financial Technology, Digital Commerce, Value Added Service, Payment Solutions, Software Solutions, etc. Unified Payments is a principal member or licensed acquirer of American Express, Mastercard, Visa and UnionPay; and has been instrumental in building the infrastructure that supports Nigeria’s modern payments ecosystem.

We are recruiting to fill the position below:

Job Title: Head, Clearing and Settlement Operations Location: Illupeju, Lagos Employment Type: Full-time

Job Objectives

• To ensure seamless file generation for UP Settlement (ATM/POS), Dispute Management, Scheme Settlement, MPGS Service, and Scheme Dispute
• Management (Chargeback).
• To supervise designated staff.

Duties & Responsibilities

• Daily processing and hosting of T464 files for all clients.
• Delegated tasks: Performing any other tasks as may be assigned from time to time.
• Daily reconciliation and support to clients.
• Daily processing of approved transactions for local settlement and secondary settlement file generation.
• Daily processing of approved ATM for domestic settlement (Settlement file generation).
• Ensuring that settled ATM/POS transactions are fully updated into Dispute
• Management System (DMS) and Inquiry Portal.
• Support to banks and non-banks (acquirers and merchants) on Dispute Management System.
• Monitoring of transaction data sources (PayAttitude, PayArena, Hope PSB back office, CBE, TCM, etc.) for daily extractions of approved financial transactions that qualify for settlement.
• Daily processing of approved transactions (clearing) for international schemes settlement.
• Daily processing of downloaded MPGS files (clearing of MPGS) for different clients.
• Daily quality checks to forestall duplicate or incomplete submission of clearing files to the different schemes in specified formats and within defined time windows for each scheme.
• Reprocessing of rejected files or transactions where applicable and submission within a defined time window for each scheme.
• Daily download of scheme incoming files (VISA, Mastercard, UnionPay, AMEX).
• Daily processing of downloaded scheme chargebacks for secondary settlement within the defined chargeback window.
• Daily reconciliation of chargebacks to avoid exposure due to late presentment.
• Daily processing and hosting Base11 files for all clients.
• Daily processing and hosting of VSS files for all clients.

Job Requirements

Education

• First degree in accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.

Experience

• Experience: 10 years and above post NYSC.
• Skill/Competencies
• High degree of accuracy.
• Deductive reasoning abilities and an eye for detail.
• Strong interpersonal and communication skills.
• A good influencer and astute leader.
• Advanced Excel user.

Knowledge:

• Excellent knowledge of cost and financial accounting principles, practices, and procedures. Knowledge of the card payment industry.

Reporting Relationships:

• Functionally reports to: Group Head, Settlement & Dispute Management.

Application Closing Date

30th November, 2026.