Unified Payment Services Limited is Nigeria’s premier Payments & Financial Technology company that operates as a shared infrastructure for the banking community in Nigeria and Payments Service Provider within and outside Nigeria, with a vision to be the most preferred e-payment service provider in Africa.
We are recruiting to fill the position below:
Job Title: Financial Analyst
Location: Lagos
Employment Type: Full-time
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 Closing Date
31st July, 2025.
How to Apply
Interested and qualified candidates should send their CV to: opeoluwa.oluyemi@up-ng.com using the Job Title as the subject of the email.