Expired 3 years from now
Settlement and Reconciliation Officer
FINTECH
full-time
| Middle Level
Lagos
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Job Summary
The Reconciliation and Settlement Officer will be responsible for the reconciliation and settlement activities within the organisation. To facilitate complete and accurate processing of settlement figures for all transactions/products by ensuring that required due diligence is performed.
Job Details
§ Perform reconciliation for banks and provide report to 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 to ARCA account.
§ Contribute to and maintain system standards within the ARCA payment service.
§ Carry out income/fee’s reconciliation with Settlement banks, NIBSS and other clients and ensuring value is transferred to ARCA’s account promptly.
§ Perform daily/weekly analysis of bill payment data: Trends, failure rates etc and extract Business Intelligence from payment data.
§ Develop and maintain business relations with NIBBS, value card (visa, Mastercard etc), unified payments, Interswitch and ARCA settlement banks.
§ Ensure daily reconciliation of and correct postings of all cards and other electronic channels transactions.
§ Verify the incoming and outgoing payment reports.
§ Liaise with Bank reconciliation team to ensure reconciled funds are transferred to ARCA account.
§ Perform any other task as might be assigned by the department.
Requirements
A business-related bachelor’s degree (or higher) preferably in Accounting or other discipline in Social Sciences from a recognized University.
Masters in any Social Science courses will be an added advantage.
ACCA qualifications
§ Minimum of 3 years working experience in cards/mobile/payment finance, fully integrated in all aspects of settlement and daily reconciliation process.
§ Detailed understanding of the operational aspects of payment cards, mobile payments and banking industry.
§ Previous experience within a Reconciliation, Settlement or Middle Office environment
Benefits
Hybrid work model
Birthday welfare package
Relaxed Working environment
About Company
Arca Payments
Founded in 2016, ARCA was built on a bold vision: to become Africa’s premier payment services platform; advancing financial inclusion, driving innovation, and shaping the future of financial services across the continent. At ARCA, we understand that while the technologies powering banks and market infrastructures are rapidly evolving, technology alone is not enough. To truly unlock the potential of digital disruptors, a deeper transformation is required; one that reimagines processes, partnerships, and possibilities. ARCA is committed to serving as a catalyst for this change. By combining cutting-edge digital innovation with deep financial services expertise and robust operational frameworks, we help institutions adapt, compete, and thrive in an increasingly dynamic ecosystem.