Reconciliation Officer at Kiva Technologies

Kiva Technologies is an innovative fintech service software company that offers cutting-edge solutions designed to streamline financial processes, improve operational efficiency, and drive growth for businesses. We specialize in providing digital payment, transaction processing, and financial management services to a global client base. Our team is dedicated to fostering a collaborative environment that encourages continuous learning and development.

We are recruiting to fill the position below:

Job Title: Reconciliation Officer

Location: Lagos
Employment Type: Full-time

Job Summary

• We are looking for a meticulous and detail-oriented Reconciliation Officer to join our team.
• The ideal candidate will be responsible for ensuring that all transactions are accurately recorded and reconciled between internal systems and external financial institutions or third-party services.
• This role is crucial in maintaining the integrity of our financial data and supporting the seamless execution of payment processing, reporting, and financial analysis

Key Responsibilities
Reconciliation of Financial Transactions:

• Perform daily, weekly, and monthly reconciliation of payment transactions between internal systems, external payment gateways, and third-party processors.
• Identify discrepancies between transaction records and resolve them promptly.
• Ensure that all financial transactions, including deposits, withdrawals, fees, and refunds, are accurately reflected in financial statements.

Reporting and Documentation:

• Prepare and generate reconciliation reports for management and auditors, ensuring data accuracy and completeness.
• Maintain a detailed and organized record of reconciliations for easy access and audit purposes.
• Assist in preparing reports for financial close, ensuring all reconciliation tasks are completed on time.

System Integration and Maintenance:

• Ensure that all internal systems are accurately updated with the latest transaction data.
• Collaborate with technical teams to identify and resolve system issues that may impact reconciliation processes.
• Continuously monitor the integration of fintech software with external payment processors, ensuring smooth transaction flows and data consistency.

Discrepancy Investigation and Resolution:

• Investigate and resolve discrepancies between internal records and external sources.
• Work closely with customer service and other departments to address any client or partner issues regarding financial transactions.
• Follow up on unresolved reconciliation issues, escalating them when necessary.

Compliance and Audit Support:

• Ensure that reconciliation processes adhere to company policies and relevant regulatory standards.
• Assist with internal and external audits by providing required documentation and resolving queries related to financial discrepancies.
• Maintain strict confidentiality and security of financial data in line with GDPR and other data protection regulations.

Collaboration and Communication:

• Work closely with finance, operations, and IT teams to improve reconciliation processes and address any challenges.
• Communicate effectively with external partners, such as banks, payment processors, and other financial institutions, to resolve issues and improve processes.

Qualifications and Skills Required

• Bachelor's Degree in Finance, Accounting, Economics, or a related field.
• 2 - 5 years of experience in reconciliation, accounting, or finance operations, or accounting.
• Proficiency in financial software and tools (e.g.; QuickBooks, SAP, or similar).
• Familiarity with financial systems and banking platforms used in the fintech industry.
• Understanding of payment processing systems, digital wallets, and transaction flows.

Preferred Skills:

• Familiarity with data analytics tools (e.g., Power BI, Tableau) to assist in report generation and data analysis.
• Experience with automation tools for reconciliation processes.
• Strong problem-solving skills with an ability to identify, analyze, and resolve discrepancies efficiently.

Personal Attributes:

• Attention to Detail: Precision in identifying discrepancies, ensuring the accuracy of financial records, and completing tasks within deadlines.
• Analytical Mindset: Ability to analyze transaction data, identify patterns, and offer solutions for process improvements.
• Communication Skills: Strong verbal and written communication skills, with an ability to explain complex issues in simple terms.
• Proactive: Ability to anticipate and address issues before they become problems, particularly during month-end or quarter-end closings.
• Team Player: Ability to collaborate effectively with various teams, including finance, operations, and technical support, in a fast-paced environment.

Benefits

• Competitive salary and benefits package.
• Opportunities for career advancement.
• Flexible work environment and work-from-home options.

Application Closing Date
6th January, 2025.

How to Apply
Interested and qualified candidates should send their Resume to: [email protected] using the Job Title as the subject of the mail.