Financial Analyst at Unified Payments

Job Title: Financial Analyst 

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.

Application Instructions:

The application deadline is 31st July, 2025. Therefore, Qualified and interested candidates should send their updated Resume to: [email protected] using the Job Title as the subject of the email.

Note: Only qualified candidates will be contacted. It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Website:
Official Job Website: https://up-ng.com/