Settlement and Reconciliation Associate Recruitment At Softcom.
DESCRIPTION
The Settlement and Reconciliation Associate is responsible for resolving all issues arising from electronic transactions and perform automated back-office processing such as dispute processing, settlement, reconciliation and reporting.
Key Responsibilities:
- 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.
- Coordinate with team members to solve any issues faced by chargeback and settlement departments.
- Checking payment files to validate settlement of all financial transactions.
- Ensure daily processing of outgoing dispute actions and the on-time response of incoming disputes.
- Coordinate with banks to solve pending issues and reply to their inquiries.
- Communicate with third party and applications support to report system problems and recommend system enhancements & automation.
- Perform daily and monthly reconciliation of financial transactions.
- Ensure the business is not exposed to any material risks emanating from reconciliation variances.
- Develop models that assist in the reconciliation process to speed up reconciliation and provide accuracy.
- Things can only scale by automation. We expect you to be very data-driven and come up with ways we can automate as many of the processes involved in ensuring our financial health.
- Document processes, procedures, resolution guides, etc. for the settlement team.
- Contribute to financial reporting and balance sheet management.
- Manage internal and external controls for payment processes, escalate and resolve payment issue while working with the Product, Business, and Engineering teams.
- Liaise with partners (banks and processors) to ensure optimal cost structures and verify daily settlements.
- Perform daily and weekly revenue recognition and cost optimization exercises.
- Work with Compliance to design and maintain a process for reporting fraudulent activities to the appropriate regulatory authorities.
- Coordinate with internal teams to develop risk mitigation strategies for payment processing and merchant management.
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REQUIREMENTS
- A minimum of 2 years of hands-on experience in a similar capacity
- A first Degree in a relevant field of study
- Relevant certification (ACA, ACCA, CIMA) or have started qualification exams will be a plus
- Previous experience in the technology industry
- Great communication skills both written and oral
- Great Analytics Skills
- Collaborative skills
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HOW TO APPLY
Interested and eligible candidates should complete their application online by visiting pcl – Accountant Recruitment Job Opening portal. Click here to get started.
Application Deadline
There is no deadline specified for this recruitment. Regardless, the earlier you apply, the better.
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