Renmoney is recruiting a Card Reconciliation Officer to join its operations team in Lagos. This is an excellent opportunity for professionals seeking Banking Operations Jobs in Nigeria and looking to build a career in card reconciliation, finance operations, and electronic payments.
As a Card Reconciliation Officer, you will be responsible for reconciling card transactions, validating settlements, managing reconciliation exceptions, and ensuring the accuracy of financial records across multiple payment channels.
Job Details
- Job Title: Card Reconciliation Officer
- Company: Renmoney
- Location: Lagos
- Employment Type: Full-time
Job Summary
The Card Reconciliation Officer will perform daily reconciliation of card transactions, monitor settlement activities, investigate reconciliation discrepancies, and ensure all card-related General Ledger accounts are accurately reconciled. The successful candidate will work closely with internal teams, payment switches, and settlement banks to maintain operational accuracy and compliance.
Key Responsibilities
Card Transaction Reconciliation
- Perform daily reconciliation of:
- POS transactions
- ATM transactions
- Web/IPG transactions
- Credit card transactions
- Agency banking transactions
- Other digital payment transactions
- Reconcile transactions between:
- Mambu Core Banking System
- Card Management System
- Payment switches (Interswitch, Mastercard, etc.)
- Settlement banks
- Internal General Ledger accounts
- Complete reconciliation activities within approved Service Level Agreements (SLAs).
General Ledger Reconciliation
- Reconcile all card-related General Ledger (GL) accounts daily.
- Monitor outstanding balances and investigate unreconciled transactions.
- Clear suspense and settlement GL accounts promptly.
- Maintain accurate reconciliation schedules and supporting documentation.
Exception Management
- Investigate and resolve reconciliation breaks and settlement discrepancies.
- Track aged outstanding items until resolution.
- Escalate unresolved issues according to internal procedures.
- Collaborate with internal and external stakeholders to resolve reconciliation exceptions.
Settlement Validation
- Validate settlement reports from payment schemes, payment switches, and settlement banks.
- Confirm settlement amounts against transaction records.
- Detect duplicate, missing, failed, or incorrect settlements.
- Monitor settlement timelines and escalate delays where necessary.
Reporting
Prepare and distribute:
- Daily Card Reconciliation Report
- Outstanding Reconciliation Items Report
- Settlement Exception Report
- General Ledger Reconciliation Report
- Aged Outstanding Items Report
- Monthly Management Dashboard
- Operational Loss Report (where applicable)
Operational Risk & Process Improvement
- Ensure compliance with reconciliation procedures and internal controls.
- Identify operational risks and recommend process improvements.
- Maintain complete audit trails for reconciliation activities.
- Report operational incidents, control breaches, or suspected fraud.
- Participate in User Acceptance Testing (UAT) for new card products and system enhancements.
- Recommend automation opportunities to improve reconciliation efficiency.
Requirements
Experience
- Minimum of 2–4 years of experience in:
- Banking Operations
- Card Operations
- Card Reconciliation
- Finance Operations
- Electronic Payments
- Experience within a commercial bank, fintech, or payment service provider is an added advantage.
Technical Skills
- Strong understanding of card transaction lifecycle and settlement processes.
- Knowledge of payment schemes such as:
- Interswitch
- Mastercard
- NIBSS
- Understanding of General Ledger reconciliation.
- Knowledge of electronic payment operations.
- Familiarity with Mambu Core Banking System is an advantage.
- Advanced Microsoft Excel skills, including:
- Pivot Tables
- VLOOKUP/XLOOKUP
- Data analysis functions
Why Join Renmoney?
Joining Renmoney as a Card Reconciliation Officer offers you the opportunity to:
- Build a rewarding career in Nigeria’s growing fintech industry.
- Work with modern banking and electronic payment systems.
- Develop expertise in card reconciliation and settlement operations.
- Contribute to financial accuracy and operational excellence.
- Be part of a team committed to driving financial inclusion.
How to Apply
Interested and qualified candidates should apply online through Renmoney’s official recruitment portal.
Application Deadline: Not Specified.
