Senior Reconciliation Specialist

  • Jumia
  • Lagos, Nigeria
  • Apr 15, 2019
Full Time Finance & Advisory

Job Description

Senior Reconciliation Specialist - Jumia Pay (Full Time)

Who we are

Jumia is the leading pan-Africa e-commerce platform. Founded in 2012, Jumia’s mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient and affordable online services to consumers, while helping businesses grow as they use our platform to reach and serve consumers. Our platforms consist of our marketplace, which connects sellers with consumers, our logistics service, which enables the shipment and delivery of packages from sellers to consumers, and our payment service, which facilitates transactions among participants active on our platform in selected markets. Through our online platforms, consumers can access a wide range of physical and digital goods and services, fashion, electronics, beauty products and also hotel and flight bookings or restaurant delivery. With over 3,000 employees in 14 countries spanning across 6 African regions, Jumia is led by top talented leaders offering a great mix of local and international talents and is backed by very high-profile shareholders. Jumia is committed to creating sustainable impact for Africa. Jumia offers unique opportunities in a vibrant and booming environment, creating new jobs, new skills, and empowering a new generation. We are looking for talented people with a passion for Africa to join our team and embark on our exciting journey.

We are currently looking for talented people with a passion for emerging markets and Africa to join our team and embark on our exciting journey


Jumia Pay is a new and free online payment service that enables you to send payments online securely, instantly, and cost-effectively.

You will be responsible for the reconciliation and settlement activitieswithin JumiaPay, facilitate complete and accurate processing of settlementfigures for all transactions/products by ensuring that required due diligenceis performed.

In particular, you will:

  • Ensure daily reconciliation of all transactions and provide daily/weekly reconciliation and settlement reports to the AR Manager
  • Keep record of the relevant KPI’s for the businesses Analysis and reporting of settlement/payment activities to the AR Manager
  • Documentation of processes, procedures, resolution guides etc. for the reconciliation department
  • Continually evaluate and recommend best practice business process throughout payment value chain
  • Support each bank E-business team in resolving settlement and reconciliation issues
  • Liaise with Bank Settlement team to ensure reconciled funds are transferred
  • Monitor the income/fees’ reconciliation with Settlement banks, NIBSS and other clients and ensuring value is transferred to the company account’s promptly
  • Perform daily/weekly analysis of bill payment data: Trends, failure rates etc and extract Business Intelligence from payment data
  • Develop and maintain business relations with NIBBS, value card (Visa, MasterCard etc), unified payments, Interswitch, and JumiaPay settlement banks
  • Ensure daily reconciliation of and correct postings of all cards and other electronic channels transactions
  • Verify the incoming and outgoing payment reports

Required Skills & Qualifications

  • Bachelor's Degree in or higher preferably in Accounting or other discipline in Social Sciences from a recognized University.
  • Minimum of 8 years working experience in Cards/Mobile/FinTech company, fully integrated in all aspects of settlement and daily reconciliation process
  • Detailed understanding of the operational aspects of payment cards, mobile payments and banking industry
  • Previous experience within a Reconciliation, Settlement or Middle Office environment
  • Excellent documentation skills and use of collaboration tools
  • Advanced level of Microsoft Excel (Pivot tables, Vlookups, and Nestedifs formulas)
  • Ability to interpret Financial Data from various systems and in various format

We Offer

  • A unique experience in an entrepreneurial, yet structured environment
  • A unique opportunity of having strong impact in building the African ecommerce sector
  • The opportunity to become part of a highly professional and dynamic team
  • An unparalleled personal and professional growth as our longer-term objective is to train the next generation of leaders

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Job Title

Senior Reconciliation Specialist - Jumia Pay (Full Time)