Senior Officer - Settlement & Reconciliation
Posted on :
20-06-2025
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1 Vacancy
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Job Description
Description
Role : Senior Officer - Settlement & Reconciliation
Location : Abu Dhabi
Role Purpose:
- Manage All financial transactions related to credit & debit cards handling the settlement and reconciliation
Key Accountabilities of the role
- Review Visa Fees Reconciliation report for Covered Cards and Debit Cards.
- Perform QA offshore Settlement Recon Department samples and ensure activities done correctly in QC sampling.
- processing Payment files and EOD in prime system.
- Review and prepare Cards Settlement department Dashboard report.
- Perform QC reconciliationGeneral Ledger Accounts related to the Card settlement Department activities.
- Preparation of Visa Monthly and Quarterly Fees JV and ensure all fees booked properly for all GL accounts and Stakeholders accounts.
- Prepare Monthly MIS reporting and cards usages for Covered Cards and debit cards & Prepaid Cards.
- Perform quarterly Visa and Master Cards Scheme reporting and ensure submission done properly.
- Work with Cards center Team on new projects and system enhancement to STP process.
- Supervise Settlement Department team support them to achieve their targeted goals and activities.
- Daily Follow up with Offshore Team on different Job Tasks like JVs Submission Visa files processing in Genius update new SREs to JVs update Monthly JV.
- Daily reporting Settlement Advice for Visa international usage and insure its been submitted to Vendor by STP process through FTS.
- Maintain daily communication with Business Team.
- Back up activity for the team.
RESULTS REQUIERD:
- Review and verify daily QC settlement activities Processing of VISA/MasterCard by performing daily QA for Settlement department.
- Ensure daily Visa Fees reconciliation completion and ensure reconciliation done properly.
- Submitting Visa and Master Cards Quarterly reporting.
- Submitting Quarterly Central Bank reporting to FCD.
- Review and send Visa and Master Monthly and Quarterly fees JV booking to Offshore Settlement Dept. and ensure posting JV done before end of month.
- Compliance of policies & procedures Comply and perform Key operational controls as required in ADIBs polices & procedures in day-to-day operations
Specialist Skills / Technical Knowledge Required for this role:
- Knowledge of UAE banking practices regulations & risks
- Knowledge of Anti-Money laundering regulations issued by the UAE Central Bank and other regulatory authorities
- Good knowledge of customer service standards
- Good knowledge of the Banks Credit Card Issuance Policy & Procedures
- Knowledge of VISA and MasterCard Products Transactions & Settlements
- Good Communication Skills
- Management Information Skills
- Computer skills
Required Experience:
Senior IC
Employment Type
Full Time
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