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Expired 2 months ago

HEAD FINANCIAL RECONCILIATION

full-time

| HEAD

location-marker Lagos

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Job Summary

To ensure that all qualified transactions from all channels are settled completely and accurately. To ensure that all bank accounts are reconciled accurately and timely  To ensure accurate & timely recording of all financial transactions in line with company policies, rules and guidelines as well as regulatory standards.  To ensure that management reports are produced accurately and timely  To produce such reports as may be requested by management for the purpose of decision making  To supervise designated staff.

Job Details

  • Daily Transaction Completeness Check ensuring that all financial transactions qualified for settlement are settled completely
  • Daily monitoring of entries in bank accounts for quick and early resolution
  • Daily Validation Check to provide assurance that all settled scheme-bounded transactions were sent to relevant schemes for all acquirers. 
  • Collection Accounts reconciliation (NIS, FRSC collections etc.)
  • Monthly reconciliation of all Domiciliary Bank Accounts; ensuring that all Domiciliary Bank account balances are reconciled to the GL each month 
  • Monthly Local Bank Account Reconciliation, ensuring that all local Bank account balances are reconciled to the GL each month
  • Daily Agents' Accounts Monitoring and Reporting
  • PayAttitude Global Ltd Accounting functions (Receivables, Payments, Asset Management etc.)
  • NIP and Payarena daily reconciliation
  • Responsibility for bank correspondences: managing and opening bank accounts
  • Liaising and working with external auditors/tax auditors 
  • Tax management for PayAttitude Global Ltd: Ensuring that Tax obligations (VAT, WHT & PAYE etc.) are met within the period specified by the relevant tax laws, filling of annual returns and payment of company income Tax, preparation and submission of PAYE annual returns
  • Fixed Asset Calculation Proofing/Reconciliation
  • Delegated tasks: Performing any other tasks as may be assigned from time to time.
  • Stakeholders’ Amount validation: to provide assurance that settled transaction amounts agree with what ought to be settled.
  • Short-Term Investment Management: Investment income computation and tracking and other treasury activities.
  • Monitoring and Reporting Liquidity Position, funding of operations and investment of excess funds. 
  • Payrolls, staff pension and loans repayment administration the 
  • GL reviews and proofing for assigned accounts
  • Preparation of Management Accounts 
  • Staff supervision.

STAFF ATTRACTION, MOTIVATION AND RETENTION: 

  • Fill vacant roles within the department in a timely manner and provide opportunities for growth and development. 
  • Provide training, mentorship, and up-skilling programs.
  • Recognize and reward individual and team achievements and contribution.
  • Encourage open communication and feedback.
  • Give employees autonomy and ownership of their work to motivate them.
  • Foster a positive work culture that encourages collaboration, innovation, and creativity.
  • Regularly engage direct reports to understand their needs and concerns.
  • Foster a diverse and inclusive work environment that values different perspectives and backgrounds.

Requirements

KEY PERFORMANCE INDICATORS

  • 100% accuracy and integrity of GL data and financial information.
  • Timeliness of Reports
  • 100% documentation

       Education Qualification: 

  • First degree in Accounting or any numerate subject.
  • Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.

    Experience: 

  • Have a minimum of 10 years’ post-NYSC cognate experience.

 

        Knowledge

  • Excellent knowledge of cost and financial accounting principles, practices and procedures. 
  • Working knowledge of International Financial Reporting Standards
  • Knowledge of supervisory practices and principles. Knowledge of Card Payment industry.

          Skill/Competencies

  • Demonstrate ability to cope with pressure and meet deadlines.
  • High degree of accuracy.
  • Deductive reasoning abilities and eye for details.
  • Strong interpersonal and communication skills
  • Advanced Excel user.

About Company

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UNIFIED PAYMENT SERVICE LTD

website logo https://www.up-ng.com/

UP® otherwise known as Unified Payments or Unified Payment Services Limited is a group of companies with services including Financial Technology, Banking, Payment Scheme, Digital Commerce, Value Added Service, Payment Solutions, Software Solutions, etc. The UP® Group comprises (i) UP® which is Nigeria's premier financial technology service provider (ii) Hope PSBank which is Nigeria's premier payment service bank (iii) Payattitude® which is a digital-first payment scheme (iv) UP Digital which is a telecom value added service provider; and (v) TM30 which is software solutions provider. At UP®, we PRIDE ourselves in our mission statement of Professionalism, Respect, Innovation, Dependability, and Execution. In demonstration of our cross-enterprise alliances and capabilities, companies in the UP® group provide diverse services to different businesses that offer similar or the same services as our company and her subsidiaries or associates. Major Services & Solutions The major services and solutions offered by UP® which is the parent company of the UP® Group are in two categories: B2B (Business-to-Business) and B2C (Business-to- Consumer). Under B2B, our services include (i) Processing (ii) Switching (iii) Payment Terminal Services (iv) Settlement services (v) Instant Payments/Transfers (vi) Merchant Services; and (vii) Payment Solutions/Revenue Optimisation. For B2C, the services and solutions include (i) Value Added Services (ii) Verification Services (iii) Virtual Mall; and (iv) Agency Banking.