Reconciliation and Settlement needed at MacTay Consulting

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Job title : Reconciliation and Settlement

Job Location : Lagos

Deadline : September 21, 2023

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Job Summary
Reconciliation Operations:

  • Perform reconciliations daily.
  • Forward all reconciling issues to the appropriate quarters (back-office operations, NIBSS, CEVA, Flutter waves. etc.) as the case may be, for prompt resolutions.
  • Review and initiate daily journal captured for merchants and partner settlement to ensure they are properly accounted for and authorized.
  • Capture all unresolved deposits in the mobile money system.
  • Perform internal transfer requests for banks, partners, and merchants.
  • Set up scheduled and automatic liquidations of partners, merchants and banks.
  • Follow up on back-office operations to lift the suspension of banks, merchants, and partners to facilitate the processing of their liquidations.
  • Ensure end-to-end follow-up and closure of all reconciling items in PSB ledger account reconciliation.
  • Prepare sign-off for all reconciled ledger accounts daily.
  • Advise treasury on funding based on the reconciliation of all pre-funded accounts.
  • Maintain confidentiality of records.
  • Flag identified irregular transactions or movement identified during the reconciliation of accounts.
  • Perform periodic quality reviews of data, and highlight red flags where observed.
  • Perform reconciliation of paid-up agent commission
  • Handling of banking queries raised by agents
  • Ensure settlement and reconciliation audit recommendations are followed up and objectively closed.
  • Make recommendations on modifications for improvement to processes.
  • Communicate with banks, partners and merchants for any unresolved issues.
  • Any other duty as may be required that is in line with the nature of job and level of responsibility.


  • B.Sc / HND in Finance and Management-related Degree.
  • Relevant postgraduate qualifications may be an added advantage.

Experience & Training:

  • 3-7 years’ experience in the area of specialization.
  • Extensive reconciliation experience
  • Strong Experience in Operations within the Fintech/Financial services environment
  • Experience working in a global/multinational enterprise with a good understanding emerging markets is preferred
  • Good Knowledge of Fintech fraud
  • Knowledge of Fintech business processes
  • Excellent organisational skills
  • Excellent knowledge of accounting policies and procedures
  • Knowledge in the Fintech regulatory environment
  • Basic risk management skills
  • Ability to transfer skills
  • Understanding of mobile money registration and liquidation procedures.

Job Conditions

  • Working in an open plan office.
  • Working 5 days per week with some late/early and weekend working activities.

How to Apply for this Offer

Interested and qualified candidates should send their Resume to: using the job title as the mail subject.

  • Accounting / Financial Services jobs
  • Reconciliation and Settlement jobs

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