Settlement Team Lead
Settlement Team Lead
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4-5years
30000 - 50000
1 Vacancy
Job Description
- Settlement Draft Preparation: Oversee the accurate preparation of daily and weekly settlement drafts for merchants.
- Transaction Reconciliation: Review and reconcile transactions ensuring alignment between settlement reports and payment partner data.
- Collaborate with the disbursement team to ensure timely settlement report Disbursement Coordination: submission.
- Record Management: Maintain and update records of settlement reports for merchants and payment partners.
- Issue Resolution: Investigate unreconciled transactions and address concerns from merchants and payment partners.
- Compliance: Ensure government settlement processes are followed in accordance with regulatory requirements
- Adhere to quality and compliance standards as part of our Information Security Management System. This includes following documented processes participating in continuous improvement and maintaining accurate records. Each team member is responsible for supporting a safe efficient and customerfocused work environment.
Requirements
EDUCATION: -Bachelor's degree in finance, accounting, business administration, or a related field EXPERIENCE: -1-2 years of relevant experience in finance, accounting, or a related field. - Experience in financial reconciliation, transaction processing, settlements, or similar roles within the financial services industry is preferred. SPECIFIC KNOWLEDGE: - Leadership skills, Financial Management, Operations Management, Sales Management, - Negotiation skills; Organization development and Strategic Planning BUSINESS UNDERSTANDING: Keep abreast of business trends, competitor s activities, and related regulations. REQUIRED COMPETENCIES: 1. Technical 1. Settlement Processing: Expertise in preparing, reviewing, and managing financial settlement reports and ensuring accuracy. 2. Transaction Reconciliation: Proficient in reconciling complex transactions and resolving discrepancies. 3. Financial Reporting: Ability to generate and analyze settlement and transaction reports. 4. Compliance: Knowledge of government regulations and compliance requirements in settlement processes. 2 Behavioral 1. Attention to Detail: High accuracy in preparing and reconciling settlement drafts and transaction reports. 2. Problem-Solving: Strong analytical skills to investigate and resolve unreconciled transactions promptly. 3. Communication: Effective communication skills for liaising with merchants, payment partners, and internal teams. 4. Time Management: Ability to meet deadlines and manage time efficiently to ensure timely settlements
Education
-Bachelor's degree in finance, accounting, business administration, or a related field EXPERIENCE: -1-2 years of relevant experience in finance, accounting, or a related field. - Experience in financial reconciliation, transaction processing, settlements, or similar roles within the financial services industry is preferred.
Employment Type
Full Time
