Settlement and Reconciliation Analyst

Job Summary

The Settlement & Reconciliation Analyst is responsible for carrying out settlement and reconciliation activities across the Embedded Finance and SaaS businesses. The role ensures that loan disbursements, repayments, wallet balances, bank accounts and payment gateway settlements are accurately reconciled, exceptions are resolved within agreed timelines, and reliable data is available for financial close, reporting, audit and asset and liability management.

Job Details

Embedded Finance Settlement and Reconciliation

Reconcile loan disbursements every day between the loan management system, partner banks or processors, and the general ledger.

Reconcile loan repayments, including payroll-deducted repayments collected through employer clients, direct debits, transfers and card payments, and make sure each repayment is allocated to the correct borrower's loan account.

Reconcile customer wallet balances in the sub-ledger to partner bank and settlement accounts every day, and investigate and clear any differences.

Manage settlement with partner banks, processors and switches, checking settlement reports, fees and commissions charged against agreed terms.

Track and resolve failed, reversed, duplicate and pending transactions, and handle refunds and disputes with Operations and Customer Success within agreed timelines.

Reconcile the loan book (principal, interest, fees and write-offs) between the loan management system and the general ledger every month.

SaaS Business Cash Reconciliation

Perform bank reconciliations for all group bank accounts across entities and currencies: daily for key accounts and at least monthly for all others.

Match SaaS customer receipts from bank transfers and payment gateways to invoices in the billing system and receivables ledger, and follow up on unapplied cash, short payments and overpayments.

Reconcile payment gateway settlements (gross collections, fees and net amounts) to bank receipts.

Controls, Close and Reporting

Maintain a reconciliation register and exception log with ageing, and escalate items unresolved beyond agreed timelines.

Prepare a daily cash and settlement report for the Treasury Manager.

Support month-end close by completing reconciliations on time and preparing journals for settlement differences and fees.

Prepare payment and settlement instructions in line with the dual-authorization policy.

Provide reconciliations and supporting schedules for internal and external audits, lender reporting and regulatory returns.

Identify recurring causes of reconciliation breaks and work with Product and Engineering to fix root causes and automate reconciliations.

Support for Asset and Liability Management (ALM)

Provide reconciled data on loan disbursements, repayments, wallet balances and funding cash flows to the Treasury Manager for the maturity ladder, liquidity gap analysis and monthly ALCO pack.

Maintain transaction histories that support behavioural analysis, such as early repayments, arrears, timing of employer payroll remittances and movements in wallet balances.

Track daily inflows and outflows against the cash forecast and flag unusual patterns that could signal liquidity stress.

Requirements

Bachelor’s degree or HND in Accounting, Finance, Banking or a related discipline.

Relevant professional qualification or progress towards ICAN, ACCA or an equivalent accounting qualification is an advantage.

At least 2–4 years’ experience in settlement, bank reconciliation, financial operations or accounting roles.

Experience reconciling bank accounts, payment gateway transactions, customer receipts, loan transactions or general ledger balances.

Exposure to payment processors, partner banks, digital payments, lending operations or fintech systems is an advantage.

Experience investigating reconciliation breaks, tracking exceptions and supporting month-end close and audit activities.

Good understanding of accounting principles, reconciliations, settlement processes and general ledger entries.

Proficiency in Microsoft Excel and experience working with accounting, ERP, loan management or reconciliation systems.

Strong attention to detail, numerical accuracy, problem-solving and follow-through.

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Minimum qualifications

BA/BSc/HND , Professional Certificate

How to apply

Use the link(s) below to apply on company website.

Treasury Manager

Compliance and Control Manager

Settlement and Reconciliation Analyst

Talent Acquisition Lead

Corporate Operations Associate

Head of Talent Management

GRC Analyst

Collections Officer

Portfolio Performance & Collections Lead

Enterprise Sales Manager – Embedded Finance

Partnership Manager

https://www.myjobmag.com/apply-now/1388012

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