Job Vacancy: Reconciliation & Settlement Officer

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Job Vacancy: Job title: Reconciliation & Settlement Officer

Job description: Job Description:SummaryKuda is a money app for Africans on a mission to make financial services accessible, affordable and rewarding for every African on the planet.We’re a tribe of passionate and diverse people who dreamed of building an inclusive money app that Africans would love so it’s only right that we ended up with the name ‘Kuda’ which means ‘love’ in Shona, a language spoken in the southern part of Africa.We’re giving Africans around the world a better alternative to traditional finance by delivering money transfers, smart budgeting and instant access to credit through digital devices.We’ve raised over $90 million from some of the world’s most respected institutional investors, and we’re rolling out our game-changing services globally from our offices in Nigeria, South Africa, and the UK.About the roleThe Reconciliation and Settlement Officer plays a crucial role in ensuring the accuracy and integrity of financial transactions within the company. This position involves generating reconciliation reports, performing daily reconciliations, and settling transactions efficiently.Responsibilities

• Generate reconciliation reports and carry out other settlement assignments delegated from time to time.
• Perform daily reconciliation of transactions and provide daily reconciliation & settlement reports.
• Perform general reconciliation required to ensure general balances are error free thereby enhancing the integrity and accuracy of the company financials.
• Liaise with stakeholders, internally and externally in relation to all settlements.
• Monitor partner’s settlement and ensure accurate value is settled.
• Liaison with external auditors, Banking Payment partners and any other unit as may be required in the course of the job.
• Correctly log all incidents, monitor the incident cycles and document solutions after resolutions
• Monitor the settlement and resolve disputes arising from the daily transactions on the card account
• Monitoring of correct workflow (deposit/withdrawal process in internal system) and responsibility to investigate and resolve any discrepancies in a timely manner.
• Investigate ways to move from manual to automatic reconciliation process, required as volumes increase
• Perform other related tasks as may be required

Requirements:

• A minimum of 3 years of relevant professional experience.
• Demonstrate a knowledge of the reconciliation process.
• Experience of analysing and controlling large volumes of data
• Excellent writing skills, and ability to explain technical accounting issues to colleagues.
• Demonstrate competencies for accuracy, attention to detail, integrity, and update knowledge of International Financial Reporting Standards
• Bachelor’s degree in Business Administration, Finance, Accounting, or related fields.

Benefits:Why join Kuda?At Kuda, our people are the heart of our business, so we prioritize your welfare. We offer a wide range of competitive benefits in areas including but not limited to:

• Pension
• Competitive annual leave plus bank holidays
• Group life insurance
• Health insurance
• L&D training
• We are advocates of work-life balance and offer a 3-day-per-week remote working option

Kuda is proud to be an equal opportunity employer. We value diversity and anyone seeking employment at Kuda is considered based on merit, qualifications, competence and talent.We don’t regard colour, religion, race, national origin, sexual orientation, ancestry, citizenship, sex, marital or family status, disability, gender, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.

Location: Lagos, Lagos State

Job date: Fri, 22 Mar 2024 06:19:22 GMT

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