Head, Clearing and Settlement Operations

Head, Clearing and Settlement Operations Location: Ilupeju, Lagos Employment Type: Full-time

Job Objective

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 and 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 extracts 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.

Education

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

Experience

• 10 years and above post NYSC.

• Knowledge

• Excellent knowledge of cost and financial accounting principles, practices, and procedures.

• Knowledge of the card payment industry.

• Skills and 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.

• Reporting Relationships

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