Settlement Manager at Bluesquad Limited


Bluesquad – Our client is recruiting to fill the position below:

Job Title: Settlement Manager

Location: Lekki Phase 1, Lagos
Employment Type: Full-time


  • Our client has an opportunity for an individual with Managerial experience in Payment Settlement Management with direct experience in financial technology, banking or the wider FinTech industry.

Job Descriptions

  • Supervise the accurate processing and settlement of transactions initiated using debit or credit cards and USSD across various platforms
  • Development, supervision and implementation of strategies to reduce operational risk and ensure safe and reliable settlement processing.
  • Carry out daily reconciliation of accounts for exceptions and subsequent escalation of exceptions to the switch and other vendors or third parties for resolution.
  • Ensures timely reconciliation of all transactions done on the bank’s terminals
  • Attending to customer and merchant disputes and ensuring prompt resolution
  • Liaising with switching companies and card schemes on Settlement issues
  • Keep abreast CBN regulatory requirement report
  • Ensure prompt settlement of transactions routed through various payments platforms
  • Performs settlement of interbank card transactions
  • Executes chargebacks and dispute resolutions of local and international cards transactions
  • Performs electronic transaction analytics and reporting using SQL and Excel.
  • Formulate Standard Operating Procedure for the automation of settlement processes


  • A Bachelor’s Degree in Accounting or any related courses
  • 7-10 years working experience in the same capacity
  • Membership of the ACCA, ICAN, or any other related professional qualification is required.
  • Digital Financial Services or banking industry experience
  • Experience with electronic payment systems
  • Excellent knowledge of payment processing- gateways
  • Leadership and teamwork skills
  • Excellent communication skills and interpersonal skills.
  • Attention to detail and accuracy
  • Basic financial modeling and financial statement analysis skills.

Deadline: 15th July, 2021.

How to Apply
Interested and qualified candidates should please apply with their updated CV to: using the Job Title as the subject of the mail.

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