Looking for the best HOST for your website? Hostinger is the BEST. Try It NOW!

Company Info

Bankly is an innovative financial technology company that is revolutionizing cash digitization and consumer services through data-driven approaches. Since its establishment in 2019, Bankly has dedicated its efforts to creating a robust infrastructure that caters to Nigeria’s informal sector. With an extensive network of approximately 15,000 agents spread across Nigeria, we have successfully served around 35,000 customers, providing them with convenient and secure financial solutions.

Title: Reconciliation and Settlement Intern

Location: Lagos

Job Objective

  • The Reconciliation and Settlement Officer will be responsible for the reconciliation and settlement activities within the organization.
  • To facilitate complete and accurate processing of settlement figures for all transactions/products by ensuring that required due diligence is performed.
  • Ensure that all assigned reports are accurately and timely reconciled to show a true and fair view of processed transactions with partner organizations including banks, payment processing networks, and service providers and respond to any dispute issues.

Operational Responsibilities

  • Perform reconciliation for banks and provide reports to the Head, reconciliation, and settlement.
  • Support each bank E-business team in resolving settlement and reconciliation issues.
  • Attend to all queries from clients on payments and ensure they are resolved promptly.
  • Liaise with Bank Settlement team to ensure reconciled funds are transferred.
  • Carry out income/fee’s reconciliation with Settlement banks, NIBSS and other clients and ensure value is transferred to account promptly.
  • Perform daily/weekly analysis of bill payment data: Trends, failure rates etc and extract Business Intelligence from payment data.
  • Ensure daily reconciliation of and correct postings of all cards and other electronic channel transactions.
  • Verify the incoming and outgoing payment reports.
  • Perform any other task as might be assigned by the department.

Key Performance Indicators / Performance Goals

  • Ensure All bill payment transactions are reconciled against bank accounts before COB of T+1 day (Transaction day + 1)
  • Ensure funds are recovered from partners (settlement amount from bank and reversals from other Switching partners) timely and accurately (as stipulated in the agreement between partners)
  • Ensure all income accruing to the company has been accounted for and paid into the company’s income account on a maximum of T+1 day (Transaction day + 1)
  • Settlement reports are delivered daily by 12pm for previous days’ transactions.
  • Reconciliation is updated daily and concluded & delivered by the 5th of the subsequent month.
  • Product analytics concluded & delivered by 5th of the subsequent month.
  • 0% repeat Audit finding
  • Satisfactory audit rating
  • Ensure that open items are not older than 5 days.

Educational Qualifications and Experience

  • A business-related Bachelor’s Degree (or higher) preferably in Accounting or other disciplines in Social Sciences from a recognized University.
  • Minimum of 2 years working experience in cards/mobile/payment finance, fully integrated into all aspects of settlement and daily reconciliation process.
  • Detailed understanding of the operational aspects of payment cards, mobile payments and the banking industry.
  • Previous experience within a Reconciliation, Settlement or Middle Office environment.

Deadline: Not Specified.

How to Apply: Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.

Looking for the best HOST for your website? Hostinger is the BEST. Try It NOW!
Looking for the best HOST for your website? Hostinger is the BEST. Try It NOW!

    Other Jobs Listed By the Company.

    CIG Motors Company Limited is a premier automobile company specializing in the assembly, sales and after-sales of luxury vehicles. With a commitment to excellence and innovation, we offer a wide range of high-quality vehicles and exceptional customer service. CIG Motors Company Limited has begun on a soft landing since 2014 following a pact signed with Guangzhou Automobile Group Company Limited (GAC MOTOR) to establish and manage distribution networks in Nigeria, Africa. In compliance with Federal Government requirements, CIG Motors has an assembly plant in Nigeria producing high quality passenger vehicles built with the exact same standards as GAC Group. Located at KM15, Ikorodu Road, By FAMAD(BATA), Ojota, Lagos, Nigeria. CIG Motors is renowned for delivering quality vehicles and excellent customer care. | Nigeria

    0 Views

    July 11, 2024

    8thGear Partners is a dynamic organization operating at the intersection of innovation, impact, and entrepreneurship. With three distinct divisions - Venture Studio, Impact Projects, and Enterprise Support Services (Hub Services) - we are committed to driving positive change and fostering the growth of ventures across various sectors. We specialize in building ventures from scratch, executing impactful projects for development partners, and providing comprehensive services to catalyze the start and growth of ventures. | Lagos

    0 Views

    July 11, 2024

    The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. At The Coca-Cola Company you can cultivate your career in a challenging and dynamic environment. We are the largest manufacturer and distributor of nonalcoholic drinks in the world-selling more than 1 billion drinks a day. Unlock your full potential with a future-focused company that is known and respected throughout the world. | Lagos

    0 Views

    July 11, 2024