Card Reconciliation Officer

Renmoney· Finance and Operations
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📍 Lagos, Lagos, NigeriaFull time

About this role

Key Responsibilities

Card Transaction Reconciliation

  • Perform daily reconciliation of card transactions across all payment channels, including:

                POS Transactions

                ATM Transactions

                Web/IPG Transactions

               Credit Card Transactions

               Agency Banking Transactions

               Other Digital payments transactions

 

  • Reconcile transactions between:

             Mambu

            Card Management System

            Payment Switches (Interswitch, Mastercard, etc.)

            Settlement Banks

            Internal General Ledger accounts

 

  • Ensure all reconciliation activities are completed within the approved Service Level Agreements (SLAs).

General Ledger Reconciliation

  • Reconcile all card-related General Ledger (GL) accounts on a daily basis.
  • Monitor outstanding balances and investigate unreconciled items.
  • Ensure suspense and settlement GLs are cleared promptly.
  • Maintain reconciliation schedules and supporting documentation.

Exception Management

  • Investigate and resolve reconciliation breaks and settlement discrepancies.
  • Track aged outstanding items until resolution.
  • Escalate unresolved exceptions in accordance with established procedures.
  • Coordinate with internal and external stakeholders to resolve exceptions within agreed timelines.

Settlement Validation

  • Validate settlement reports received from payment schemes, payment switches, and settlement banks.
  • Confirm settlement amounts agree with transaction processing records.
  • Identify duplicate settlements, missing settlements, failed settlements, and settlement variances.
  • Monitor settlement timelines and ensure prompt escalation of delays.

Reporting

Prepare and distribute:

  • Daily Card Reconciliation Report
  • Outstanding Reconciliation Items Report
  • Settlement Exception Report
  • GL Reconciliation Report
  • Aged Outstanding Items Report
  • Monthly Management Reconciliation Dashboard
  • Operational Loss Report (where applicable)

Operational Risk & Control

  • Ensure compliance with approved reconciliation procedures and internal control standards.
  • Identify operational control weaknesses and recommend improvements.
  • Maintain complete audit trails for all reconciliation activities.
  • Report operational incidents, control breaches, and suspected fraudulent activities promptly.

Process Improvement

  • Recommend automation opportunities for reconciliation activities.
  • Participate in User Acceptance Testing (UAT) for new card products and system enhancements.
  • Contributes to the continuous improvement of reconciliation processes and controls.

Experience

  • Minimum of 2–4 years' experience in Banking Operations, Card Operations, Reconciliation, Settlement, Finance Operations, or Electronic Payments.
  • Experience in card reconciliation within a commercial bank, fintech, or payment service provider is an added advantage.

Technical Knowledge

  • Good 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 Core Banking Systems (e.g., Mambu) is an advantage.
  • Proficiency in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, and data analysis.

Frequently Asked Questions

Is the salary disclosed for the Card Reconciliation Officer position at Renmoney?
The salary for this Card Reconciliation Officer role at Renmoney is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Card Reconciliation Officer position at Renmoney located?
This Card Reconciliation Officer role at Renmoney is based in Lagos, Lagos, Nigeria. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Card Reconciliation Officer role at Renmoney full-time or part-time?
This is listed as a Full time position. It is posted as a Card Reconciliation Officer role in the Finance and Operations department at Renmoney.
Which team or department does the Card Reconciliation Officer at Renmoney belong to?
This Card Reconciliation Officer position is part of the Finance and Operations department at Renmoney. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Card Reconciliation Officer position at Renmoney?
Click the "Apply Now" button on this page. You will be redirected to Renmoney's official application portal hosted on workable where you can submit your application directly.
When was the Card Reconciliation Officer job at Renmoney posted?
This Card Reconciliation Officer position at Renmoney was posted on Aug 5, 2026. Apply as soon as possible — early applications are often reviewed first.
Card Reconciliation Officer
Renmoney
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