JOB PURPOSE/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/RESPONSIBILITIES

• 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.

KEY COMPETENCIES

• Significant experience in performing Cards/Nostro/ATM settlements and GL reconciliations;

• Experience in investigating and resolving un-reconciled balances in the reconciliations;

• Knowledge of financial accounting of retail and corporate products;

• Project management;

• Co-ordination of multiple teams;

• Excellent communication and organizational

• Advanced Microsoft excel including dynamic excel presentation. Knowledge of Equation/CARS/ATM/credit cards systems.

Required Qualifications:

• Bachelor degree in Finance or equivalent

Required Experience:

• 7+ years’ relevant experience with 3+ years in a Supervisor role.