Settlement and Reconciliation Officer
Job Description
Responsibilities
- Review of account statements and settlement reports.
- Upload of settlement reports
- Generation of settlement entries
- Review of expectations when not available and appropriate escalation
- Review of exceptions (items outstanding post reconciliation; that is a comparison of internal expectations with statements/settlement entries).
- Escalation of exceptions to the Product teams/Banks.
- Ensure no loss of funds.
- Detect and escalate any loss of funds to all stakeholders promptly
Qualifications
- Minimum of a degree from a reputable institution
- At least 2 to 4 years experience in a settlement and reconciliation role
- Microsoft Excel skills
Essential Skill/Qualities
- Understanding of payment industry transaction dynamics
- Ability to work with massive data set
- Attention to details
- Understanding of reconciliation
