Job Summary
To accomplish timely settlements of all cards Scheme Settlements and processing of accounting entries in GL including:
- Product reconciliation and processing of accounting entries in General Ledger for ATM, Cards billing, Invoices and Settlements.
- Identify and resolve Settlement exceptions and escalate issues to Section Head
- Submit ATM , Visa , Master, Diners and Paycard settlements trackers to Section Head as per SLA and review Settlement related Suspense account Proofs and take necessary action to clear the O/S items .
- Follow up with Schemes, Card business, corporate operations, Finance, Ops Risk, Internal and External Audit in relation with reconciliations & settlement and ad-hoc task/assignments.
Key Accountabilities
- Ensure Payment Scheme settlements are completed in timely manner.
- Validate all GL vouchers , invoices and settlements daily.
- Monitor related GL suspense accounts and P&L accounts for accuracy and O/S items.
- Visa Card/ MasterCard/ Diners including Issuing & Acquiring – Debit & Credit Card settlement, reconciliation & monitoring of outstanding items.
- Automation of all manual reconciliation processes with proactive controls for exception management.
- Ensure the effectiveness of overall settlements on quality including auditing, compliance and O/S issues.
- Escalation of issues as required & Manage Project UATs related to Settlement Units.
- Training, developing, leading, motivating the team to deliver high-quality services
Skills
Education
- Bachelor degree or equivalent