Recruitment / Consulting

Settlement Manager at Bluesquad Limited

Bluesquad Limited – Our client is currently recruiting a suitable individual to fill the position below:

Job Title: Settlement Manager

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

Job Description

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


  • Supervise the accurate processing and settlement of transactions initiated using debit or credit cards and USSD across various platforms
  • Attending to customer and merchant disputes and ensuring prompt resolution
  • Liaising with switching companies and card schemes on Settlement issues
  • Keep abreast daily CBN regulatory requirement report
  • Ensure prompt settlement of transactions routed through various payments 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
  • 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, CIS 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 team work skills
  • Excellent communication skills and interpersonal skills.
  • Attention to details and accuracy
  • Basic financial modelling and financial statement analysis skill.

Deadline: 20th July, 2021.

Method of Application
Interested and qualified candidates should send their CV to: using the Job Title as the subject of the email.

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