Reconciliation & settlements manager

Transsnet Financial

Job Summary

Transsnet Financial is launching game-changing fintech apps in the Nigerian market to help people transact, save and borrow money. Transsnet is a j...

  • Minimum Qualification: Degree
  • Experience Level: Management level
  • Experience Length: 3 years

Job Description

Transsnet Financial is launching game-changing fintech apps in the Nigerian market to help people transact, save and borrow money. Transsnet is a joint venture between Transsion, the manufacturers of smartphone brands used by over 30% of Africans, including Tecno, Infinix and Itel, and NetEase, one of China’s biggest internet companies.

Job Description

  • The Reconciliation and Settlements Manager will be responsible for the management and reconciliation of all financial activities for all the different Businesses with partner organizations.
  • The Reconciliation and Settlements Manager will be charged with but not limited to the following responsibilities:
  • Provide reconciliation and settlement support to the financial controller
  • Develop and maintain business relations with payment partners
  • Contribute to and maintain system standards within all Payment platforms
  • Ensure daily reconciliation of all transactions and provide daily/weekly reconciliation and settlement reports to the financial controller
  • Keep record of the relevant KPI’s for the businesses
  • Analysis and reporting of settlement/payment activities to the Financial controller
  • Develop business case and business models that may relate to the Company’s payment platform
  • Ensure accurate forecast on virtual wallet or float accounts to prevent stock out'
  • Documentation of processes, procedures, resolution guides etc for the reconciliation and settlement department
  • Monitor the reconciliation of income/fees with partners and ensuring value is transferred to the company’s account promptly
  • Continually evaluate and recommend best practice business process throughout payment value chain
  • Perform any other task as might be assigned by the departmen

Job Requirements

  • A Business related Bachelor's degree (or higher) preferably in Accounting or Finance from a recognized University. Master’s Degree is a plus
  • Over 4 years working experience in cards/mobile payment finance, fully integrated in all aspects of settlement and daily reconciliation process of which a minimum of 2 years must have been at a management level in Reconciliation and Settlement
  • Excellent communication, leadership, problem solving and analytical skills.
  • Strong strategic planning and execution skills.
  • Excellent financial analytical, organization and planning skills
  • Working knowledge of financial spreadsheet applications such as Excel
  • Experience working in a team oriented, collaborative environment.
  • Rapidly adapt and respond to changes in environment and priorities.
  • Excellent interpersonal skills, and be able to handle multiple tasks simultaneously.
  • Highly self-directed, a strong individual contributor and a strong team player

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