Payment & Reconciliation Officer at FINCA Microfinance Bank Limited

FINCA is a leading international Microfinance Institution offering financial services and products to small scale businesses that have been turned down by traditional banks, so that these businesses can start, grow, and diversify with resulting increases in family income, nutrition, employment and well-being.

FINCA pioneered the “Village Banking method of credit delivery, now used by hundreds of organizations worldwide. Our programs reach low-income people in more diverse countries than any other microfinance provider.

We are recruiting to fill the position below:

Job Title: Payment & Reconciliation Officer

Location: Nigeria

About the Job

• FINCA Nigeria seeks to employ an individual with a good knowledge of accounting as Payment & Reconciliation Officer. The role reports to the Senior Financial Accountant or as designated.
• The ideal candidate should be an individual who is organized and can collect, process and reconcile a wide range of variety of accounting documents and transactions;
• Perform settlement of payment transactions and general account proofing to ensure the bank receives timely and appropriate values, while minimizing payment exposures.

KPI/Duties and Responsibilies
Settlements:

• Liaison with independent service provider, e.g Mobile Network Companies, Agents for Agency Banking as per Service Level Agreement on settlement of payment transactions.

Reconciliation:

• Reconciliation of all settlement transactions using the transaction/settlement reports to ensure appropriate values are received by the bank as and when due

Account Proofing:

• Preforming a bi-monthly proofing of all general ledger accounts, and escalates exceptions.
• Reconciliation of all payable and internal accounts to avoid abuse and income loss.

Payments:

• Payment of all remittances (PAYE,WHT,VAT,Stamp Duty, Pension etc.) to our corresponding Banks
• Process payment to vendors, shareholders directors etc. accurately and timely.
• Other payments required by the Bank.

Cash Contribution/Collateral:

• Reconcile card transactions (POS)

Administration:

• Other task as assigned by the Head of Department

Key Relationship

• Financial Accountant
• Senior Financial Accountant/Treasurer
• Chief Financial Officer
• Other FINCA Staff

Qualifications and Experience

• Degree or HND in Accounting or its equivalent.
• Professional qualification comes as an added advantage.
• Minimum of 1-2 years reconciliation work experience with a good financial/banking institution.
• A good knowledge of microfinance will be an added advantage.
• Proficient in Microsoft Excel and word required

Supervisory Responsibilities:

• The Job is with no supervisory responsibilities.

Critical Competencies:
To perform the job successfully, an individual should demonstrate the following competencies:

• Ethics: Treats people with respect; keeps commitments; inspires the trust of others; Works with integrity and ethically; upholds organizational values.
• Problem Solving: Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
• Analytical: Synthesizes complex or diverse information; Uses intuition and experience to complement data.
• Decision maker: Manages difficult or emotional decision in any situations, responds promptly to the needs, and meets commitments.
• Technical Skills: Strives to continuously build knowledge and skills; Share expertise with others.
• Oral Communication: Speaks clearly and persuasively in positive or negative situations, listens and gets clarification, responds well to questions.
• Organizational Support: Follows policies and procedures; Completes administrative tasks correctly and on time.
• Planning/Organizing: Prioritizes and plans work activities; Uses time efficiently.
• Professionalism: Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
• Quantity: Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
• Attendance/Punctuality: Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
• Customer Service – Manages difficult or emotional customer situations; Responds promptly to customer needs; Meets commitments.
• Interpersonal Skills – Focuses on solving conflict, not blaming; Maintains confidentiality; Remains open to others’ ideas and tries new things.

Deadline: 15th September, 2023.

How to Apply
Interested and qualified candidates should:
Click here to apply online