Payment and Settlement Reconciliation Specialist needed at LemFi

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Job title : Payment and Settlement Reconciliation Specialist

Job Location : Lagos

Deadline : October 20, 2023

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Job description:-

  • The role of the Payment and Settlement Reconciliation Specialist, Nigeria, is a fully remote position within LemFi’s Finance team. In this role, you should have demonstrated knowledge of how payment and settlement circle work, end to end, at minimum, 3 years in the same or similar role.

What You’ll be Doing:-

  • Prompt reconciliation of allocated products.
  • Investigate and provision of solution to clearing out of open items in accounts.
  • Investigation and recovery of unsettled transactions with partners and banks.
  • Ensure the quality and accuracy of data and present it in a way to help the organization make better decisions.
  • Liaising with Customer Management team and Engineering team for the resolution of customer requests and disputes within SLA.
  • Monitor disputed transactions for possible fraudulent activity and report to Management.
  • Provide relevant information to management on all invalid transactions.
  • Work with the Product and Engineering teams to improve the internal process as well as new products for customer satisfaction.
  • Analyze income-earning and cost for the organization based on transactions consummated via the partner’s channel
  • Monthly reconciliation summary, design and structured with details and accuracy for journal entries.
  • Inter-bank analysis and reconciliation for month end closing
  • Inter-company transactions analysis
  • Consolidation of Statements for products under your purview
  • Maintain the relationships with banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner;


  • Advanced education degree is preferred but not required;
  • 3-5 years’ experience in the same or similar role at a fintech or financial institution;
  • Comprehensive knowledge on how payment and settlement transaction chain work in a global circle;
  • Excellent analytical, research, verbal and written communication skills;
  • Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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  • Payment and Settlement Reconciliation Specialist jobs