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Settlement and Clearing Officer

Chapa
Full-time
On-site
Addis Ababa, Ethiopia
Logistics Jobs in Ethiopia

Settlement and Clearing Officer

Description

The Settlement and Clearing Officer is responsible for ensuring the timely and accurate settlement and reconciliation of financial transactions. This role plays a crucial part in managing the clearing and settlement processes of payments, ensuring compliance with regulatory requirements, and mitigating operational risks.

 Key Responsibilities:

Transaction Settlement:

o   Execute and monitor the daily settlement process for all financial transactions.

o   Ensure timely and accurate settlement of payments, including processing of incoming and outgoing funds.

Clearing Operations:

o   Manage the clearing process, ensuring that all transactions are correctly cleared and any discrepancies are promptly addressed.

o   Liaise with clearing houses and other financial institutions to resolve any issues related to the clearing process.

Reconciliation:

o   Perform daily, weekly, and monthly reconciliations of accounts.

o   Investigate and resolve any discrepancies or issues identified during the reconciliation process.

Reporting:

o   Prepare and submit regular reports on settlement and clearing activities to senior management.

o   Maintain accurate records of all transactions and reconciliations for audit purposes.

  Process Improvement:

o   Continuously review and improve settlement and clearing processes to enhance efficiency and accuracy.

o   Implement best practices and leverage technology to streamline operations.

  Customer Service:

o   Provide support to clients and internal teams regarding settlement and clearing queries.

o   Resolve client issues promptly and efficiently to ensure high levels of customer satisfaction.

Team Collaboration:

o   Work closely with other departments, such as Finance, IT, and Customer Support, to ensure seamless operations.

o   Assist in training and mentoring junior team members.

Requirements

Qualifications:

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
  •   At least 2 years of experience in settlement and clearing operations, preferably in the financial services or fintech industry.
  •   Strong understanding of payment systems, clearing mechanisms, and reconciliation processes.
  •   Excellent analytical and problem-solving skills.
  •   Proficiency in using financial software and Microsoft Office Suite (especially Excel).
  •   Strong attention to detail and high level of accuracy.
  •   Good communication and interpersonal skills.
  •   Ability to work under pressure and meet tight deadlines.
  •   Knowledge of regulatory requirements related to settlement and clearing operations.
  •  Key Competencies:
  • Analytical Thinking: Ability to analyze complex data and identify discrepancies.
  •   Attention to Detail: Ensures accuracy and thoroughness in transaction processing and reconciliations.
  •   Communication Skills: Effectively communicates with internal and external stakeholders.
  •   Problem-solving: Identifies issues and resolves them efficiently.
  •   Teamwork: Works collaboratively with colleagues to achieve common goals.
  •   Time Management: Manages time effectively to meet deadlines and handle multiple tasks simultaneously.

Benefits

  • Pension Plan
  • Paid Time Off
  • Training & Development
  • Performance Bonus
  • free lunch