Bankly Recruitment for Reconciliation and Settlement Intern

Bankly is a financial technology company pushing the boundaries in cash digitization and data led consumer services. Since 2019, Bankly has been focused on building the infrastructure to serve Nigeria's informal segment and so far we've served approximtely 35000 customers across our network of about 15,000 agents around Nigeria. We arre building a bank for the financially underserved.

We are recruiting to fill the position below:

Job Position: Reconciliation and Settlement Intern

Job 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.
• 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.
• 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.
• 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 of 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.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@bankly.ng using the Job Position as the subject of the email.