Overview
Unified Payment Services Limited is Nigeria’s premier Payments & Financial Technology company that operates as a shared infrastructure for the banking community in Nigeria and a Payments Service Provider within and outside Nigeria, with a vision to be the most preferred e-payment service provider in Africa.
Job Position: Financial Analyst
Location: Victoria Island, Lagos
Job Summary
To ensure that UP settlement account is always adequately funded to accommodate merchant and stakeholders’ settlements daily.
Ensure rendition of monthly Income Reports.
Job Responsibilities
- Daily monitoring of Scheme Receivables – Amount due to UP as licensed Acquirer for both domestic and International transactions (Visa, MasterCard, Amex, CUP and Payattitude).
- Daily monitoring of the amount due to UP from co-acquirers.
- Daily acquirer obligation to merchants.
- Monitoring and reporting of daily balances into the receivables account for settlement from MasterCard Naira.
- Monitoring and reporting daily balances into the receivables account for settlement from Visa Naira.
- Monitoring and reporting daily balances into receivables account for settlement from various schemes for Dollar transactions.
- Monitor and report the accuracy of debits into the settlement account in favour of merchants, PTSP, PTO, domestic switches and PTSA.
- Monitor and report the accuracy of debits into the settlement account in favour of ATM settlement.
- Revenue Assurance: Recover PTSP and TO Income (Receivable) from Other Settlement Agents-(e.g ISW & Zenith Bank).
- Review of the MSC charged to merchants and clients.
- Re-computation and Assurance of UP’s transaction-based revenues (PTSP, PTO, Switch, Processing Fee, Acquirer and Acquirer Margin) and other fees charged by UP and collected daily.
- Management Accounts: To ensure that Management obtains timely and consistently relevant financial information for decision-making and planning purposes.
- Rendition of Income Reports to stakeholders in an agreed format.
- Daily Income Analysis Report.
- GL Schedules: To ensure that errors are detected and corrected promptly for specific GL Accounts.
- Accounting correctly in the GL for all schemes (local and international); fee deductions before the Scheme Net Settlement.
- Rendition of Receivable reports.
- Fund recoveries of all single settlement and 2UP disputed merchant transactions.
- Accounting correctly in the GL for all Verve transactions scheme receivables.
- Preparation of the disbursement schedule for the social welfare scheme.
- Accounting correctly in the GL for revenue earned by UP for all social investment activities carried out.
- Accounting correctly in the GL for all payments of scheme receivables.
- Accounting correctly in the GL for UP as merchant receivables (PayArena) and a daily tracker of sales against inventory.
- Accounting correctly in the GL for the amount due to other PTSPs and PTO (different from UP).
- Treasury Function.
KPI
- 99% accuracy in settlement
- Timeliness of Reports
- 100% Documentation.
Requirements
- First Degree in Accounting or any numerate subject.
- Professional membership of ICAN/CIMA/ACCA or similar recognised professional accounting bodies
- Minimum of 3 years’ experience post NYSC.
Skill / Competencies:
- Computer skills (Microsoft package)
- Good interpersonal skills.
- Attention to details
- Critical reasoning and analytical abilities
- Good writing and oral communication & presentation skills, Knowledge
- Good Microsoft Excel skills.
- Presentation skills.
How to Apply
Interested and qualified candidates should send their CV to: judith.okolie@up-ng.com using the Job Title as the subject of the email.