Reconciliation & Settlement Officer Job at Kuda Bank

Kuda is a full service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the African diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world's smartest venture capital investors. With offices in London (our HQ), Lagos and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognised as the leading 'Neobank' for Africans.

To help us grow into the company that can bring meaningful change to the way people across Africa get access to great financial products and services in order to take control of their personal finances, we are actively looking for bright, talented, driven people who are excited by our mission. If this sounds like a great way to spend your valuable time, then please get in touch with us.

We are recruiting to fill the position below:

Job Position: Reconciliation & Settlement Officer

Job Location: Lagos, Nigeria
Job type: Full time (Hybrid)
Category: Finance

About the Role

• The 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

• Bachelor's Degree in Business Administration, Finance, Accounting, or related fields.
• A minimum of 3 years of relevant professional experience.
• Demonstrate a knowledge of the reconciliation process.
• Experience of analyzing 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