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Settlement and Reconciliation Officer

Assets Microfinance Bank | Lagos, Nigeria

Full-Time Posted today 2 views

About the Role

Assets Microfinance Bank is committed to value-based banking for all Nigerians through innovative technology and exceptional service standards. We are currently looking for a detail-orented Settlement and Reconciliation Officer to join our dynamic team and safeguard the integrity of our financial transactions across multiple payment channels.

Key Responsibilities
  • Execute daily settlement of transactions across multiple payment systems, digital wallets, and partner networks.
  • Perform daily, weekly, and monthly reconciliations of bank statements, internal ledgers, and POS transactions.
  • Investigate discrepancies, non-reconciled transactions, and ledger errors, escalating unresolved items appropriately.
  • Collaborate with switching companies, finance, operations, and customer support to resolve reconciliation breaks within agreed timelines.
  • Work with IT and fintech partners to automate reconciliation workflows using ERP systems and improve operational efficiency.
  • Prepare comprehensive reconciliation reports highlighting results, discrepancies, risks, and trends for senior management.
  • Support internal and external audit processes by providing accurate documentation and explanations.

Qualifications
  • Bachelor's degree in Finance, Accounting, Economics, or a related field.
  • Minimum of 3-5 years of experience in reconciliation, settlements, or financial operations within fintech, banking, or financial services.
  • Expert knowledge of reconciliation practices, payment systems, and financial software.
  • Intermediate proficiency in Excel (VLOOKUP, PivotTables, macros), with SQL or Python as an added advantage.
  • Exceptional attention to detail, analytical mindset, and strong organizational skills.
  • Strong understanding of accounting standards, financial principles, and internal control methodologies.

Benefits
  • Competitive salary and performance-based incentives.
  • Comprehensive health insurance coverage.
  • Opportunities for professional growth and career advancement in a leading microfinance bank.
  • Collaborative and innovative work environment leveraging cutting-edge fintech solutions.

Skills

Settlement Processing Financial Reconciliation Exception Handling Process Automation Financial Reporting Microsoft Excel Stakeholder Collaboration
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