Job Description

• To ensure accurate and timely recording of all financial transactions in line with company policies, rules and guidelines as well as regulatory standards.
• To ensure that management reports are produced accurately and timely.
• To produce such reports as may be requested my management for the purpose of decision making.
• To supervise designated staff.

Duties& Responsibilities

• Payroll: Ensure that staff salary is paid promptly.
• Ensure remittance of staff pension.
• Inventory Management: To ensure accuracy, completeness and integrity of stock records and balances including Airtime Vending.
• GL Schedules: Ensure that GLs are reviewed and proofed, while errors are detected and corrected promptly.
• GL expense proofing: Ensure that all transactions posted into each expense account and their project codes (if any) belong to such accounts and that there are no duplications.
• Ensure that Expense report is prepared and sent to the required HODs monthly.
• Ensure collection of WHT Credit Notes due to Unified Payments.
• Ensure that Fixed Asset Register is correctly updated and agreed to GL Records.
• Management Accounts: Ensure that Management obtains consistently; timely, accurate and relevant financial information for decision making and planning purposes.
• Staff and Vendor Payments: Ensure that all approved staff and vendor payments or internal requests are effected within agreed timelines.
• Ensure that USD Merchants are settled weekly and in line with terms of agreement with them.
• Staff Loans Administration: Ensure staff loans repayment is in line with Management approvals.
• Ensure Tax Remittances comply with statutory requirements and avoid penalties.
• Delegated tasks: Performing any other tasks as may be assigned from time to time.

Job Requirements

• Education: First Degree in Accounting or any numerate subject.
• Professional membership of ICAN / CIMA / ACCA or similar recognized professional accounting bodies.
• Experience: 7 years and above post NYSC.
• Knowledge Excellent knowledge of cost and financial accounting principles, practices and procedures.
• Knowledge of International Financial Reporting Standards Knowledge of supervisory practices and principles.
• Knowledge of Card Payment industry.

Skill / Competencies:

• Demonstrate ability to cope with pressure and meet deadlines.
• High degree of accuracy.
• Deductive reasoning abilities and eye for details.
• Strong interpersonal and communication skills.
• Advanced Excel user.

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Job Objectives

• To ensure that UP settlement account is always adequately funded to accommodate merchant and stakeholders settlement daily.
• Ensure rendition of monthly Income Reports.

Duties And 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 amount due to UP from co-acquirers.
• Daily acquirer obligation to merchants.
• Monitoring and reporting of daily balances into receivables account for settlement from MasterCard Naira.
• Monitoring and reporting daily balances into receivables account for settlement from Visa Naira.
• Monitoring and reporting daily balances into receivables account for settlement from various scheme for Dollar transactions.
• Monitor and report accuracy of debits into the settlement account in favour of merchants, PTSP, PTO, domestic switches and PTSA.
• Monitor and report accuracy of debits into the settlement account in favour ATM settlement.
• Revenue Assurance: Recover PTSP and TO Income (Receivable) from Other Settlement Agents- (e.g ISW & Zenith Bank).
• Review of MSC charged to merchants and clients.
• Recomputation and Assurance of UP’s transactional 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 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); Fees deductions prior to 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 disbursement schedule for 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 payment of scheme receivables.
• Accounting correctly in the GL for UP as merchant receivables (PayArena) and daily tracker of sales against inventory.
• Accounting correctly in the GL for amount due to other PTSPs and PTO (different from UP).
• Treasury Function.

Knowledge Knowledge:

• Good Microsoft Excel skills.
• Presentation skills.

Skill / Competencies:

• Computer skills (Microsoft package).
• Good interpersonal skills.
• Attention to details.
• Critical reasoning and analytical abilities.
• Good writing and oral communication & presentation skills

Key Performance Indicators

• 99% accuracy in settlement.
• Timeliness of Reports.
• 100% Documentation

Job Requirements

• Education: First degree in Accounting or any numerate subject.
• Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies – added advantage.
• Experience: 4 – 6 years post NYSC.

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