Senior Officer - Settlement

1.00 to 10.00 Years Qatar 02 Sep, 2024

Job SummaryTo accomplish timely settlements of all cards Scheme Settlements and processing of accounting entries in GL including:

Product reconciliation and processing of accounting entries in General Ledger for ATM, Cards billing, Invoices and Settlements.
Identify and resolve Settlement exceptions and escalate issues to Section Head
Submit ATM , Visa , Master, Diners and Paycard settlements trackers to Section Head as per SLA and review Settlement related Suspense account Proofs and take necessary action to clear the O/S items .
Follow up with Schemes, Card business, corporate operations, Finance, Ops Risk, Internal and External Audit in relation with reconciliations & settlement and ad-hoc task/assignments.

Key Accountabilities

Ensure Payment Scheme settlements are completed in timely manner.
Validate all GL vouchers, invoices and settlements daily.
Monitor related GL suspense accounts and P&L accounts for accuracy and O/S items.
Visa Card/ MasterCard/ Diners including Issuing & Acquiring ? Debit & Credit Card settlement, reconciliation & monitoring of outstanding items.
Automation of all manual reconciliation processes with proactive controls for exception management.
Ensure the effectiveness of overall settlements on quality including auditing, compliance and O/S issues.
Escalation of issues as required & Manage Project UATs related to Settlement Units.
Training, developing, leading, motivating the team to deliver high-quality services.

Keyskills :

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