Unified Payment Services Limitedis 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: Head, Financial Analysis
Location: Lagos
Employment Type: Full-time
Job Objectives
- To ensure accurate and timely recording of all financial transactions in line with company policies, rules and guidelines as well as regulatory standards.
- To ensure that management reports are produced accurately and timely
- To produce such reports as may be requested by management for the purpose of decision making
- To supervise designated staff.
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 monitoring of 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.
- Monthly invoicing to Banks and Customers.
- Receivable collection through Settlement via NIBSS. To ensure timely execution of contractual agreement via NIBSS as they fall due.
- Ensure that Management obtains timely and consistently relevant financial information for decision making and planning purposes.
- Rendition of monthly Income Reports to stakeholders in agreed format.
- Daily Income Analysis Report.
- GL Schedules: Ensure that GLs are reviewed and proofed, while errors are detected and corrected promptly.
- GL Data Capture of Receivables: Ensure that all debtors are fully recognised in the book and properly accounted for in the GL.
- Ensure 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.
- Accounting correctly in the GL for all Project incomes, annual invoices and amortised transactions.
- 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.
- Delegated tasks: Performing any other tasks as may be assigned from time to time.
Requirements
- Education: First Degree in Accounting or any numerate subject.
- Professional membership of ICAN/CIMA/ACCA or similar recognized professional accounting bodies.
- Experience: 7 years and above post NYSC.
Knowledge:
- Excellent knowledge of cost and financial accounting principles, practices and procedures.
- Knowledge of International Financial Reporting Standards
- Knowledge of supervisory practices and principles.
- Knowledge of Card Payment industry.
Skill / Competencies:
- Demonstrate ability to cope with pressure and meet deadlines.
- High degree of accuracy.
- Deductive reasoning abilities and eye for details.
- Strong interpersonal and communication skills
- Advanced Excel user.
Key Performance Indicators:
- 100% accuracy and integrity of GL data and financial information.
- Timeliness of Reports
- 100% documentation
Application Closing Date
14th 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.