About this role
To supervise and authorize settlements and support Unit Head in providing quality service to partners in the area of settlement of transactions
Requirements
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Key Responsibilities
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Understanding of governing principles and rules of card settlements.
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Clear understanding of Visa, Verve, Afrigo, Amex and Mastercard settlement process and procedures.
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Ensure timely settlement of card transactions.
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Balance incoming and outgoing transaction report against settlement values received from the associations (Switches).
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Ensure correct entries to relevant settlement, expense or revenue accounts daily.
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Responsible for ensuring that existing internal controls and regulatory policies over the settlement process are strictly adhere to.
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Ensure the merchant transactions are posted into appropriate GL and account.
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Ensure that suspense accounts are cleared daily.
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Ensure that all regulatory reports are rendered as at when due.
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Ensure accurate and timely merchant settlements
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Ensure prompt processing of charge backs to avoid exposure.
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Ensure prompt processing of credit cards settlement and repayment files daily.
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Ensure DTS and credit cards reconciliation.
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Responsible for championing of automation of Settlement processes.
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Analyse Settlement data to identify trends, issues and areas for improvement.
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Ensure regular training and guidance to settlement officers.
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Foster strong relationships with partners and other stakeholders
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Identify and mitigate potential risk in settlement processes.
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Skills/Competencies
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Sound card settlement-specific knowledge.
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Ability to convey factual information clearly and accurate.
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Ability to interpret and analyze data effectively.
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Excellent follow up skill.
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Effective communication skills. Good verbal and written skills.
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Ability to remain calm under pressure methodical, organize, accurate and pays attention to details.
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Customer service oriented.
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A general knowledge of accounting principles.
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Qualification
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First degree in any Discipline with a minimum of Second-Class honors.
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Relevant Masters’ degree will be an advantage
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Professional Membership
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A recognized professional certification will be an added advantage
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Minimum Experience
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Minimum of 6 years relevant experience and exposure in the marketing of financial services, will be an added advantage