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I&M Bank – Officer – Card Settlements Processing.

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OFFICER- CARD SETTLEMENTS PROCESSING (GRADE B3)

The role is responsible for processing all card Issuing and Acquiring business settlements accurately and promptly in the Card Management System and Core Banking System in line with the laid down bank procedures and schemes regulations.

PRIMARY RESPONSIBILITIES:

The Incumbent will report to the Assistant Manager, Card Settlement and will be responsible for:

  • Daily processing and reconciliations of both VISA and MasterCard Domestic and International issuing and acquired transactions across all the bank card products and acquiring channels to respective domestic VISA and MasterCard Settlement Agents and International NOSTROs
  • Posting of all Daily Union Pay, VISA and MasterCard transactions to Bank General Ledger against settled reconciliation position
  • Daily Merchant settlement of all acquired Ecommerce transactions against values received from the schemes as set out in the merchant Service Level Agreements and Bank settlements policy.
  • Daily GL and Loyalty file generation and processing confirmation.
  • Custodian to all daily scheme settlements reports, workings, and payment records
  • Prompt processing and settlements of all Vendor and Supplier Invoices as per the agreed service standards and payment terms
  • Daily processing and reconciliations of both VISA and MasterCard Domestic and International issuing and acquired transactions across all the bank card products and acquiring channels to respective domestic VISA and MasterCard Settlement Agents and International NOSTROs
  • Prompt review of all scheme settlements reconciliation exceptions as highlighted by Card Reconciliation teams and follow up with respective state holders for resolution
  • Bank Liaison Agent with other Banks and Schemes on matters relating to card issuing and acquiring settlements
  • Custodian to all daily scheme settlements reports, workings, and payment records
  • Completion of RTGS Transfers and generation to Payment Advices for all daily scheme settlements for domestic Agents
  • Inter-General Ledger daily settlements transfers for the requisite accounts to complete the daily settlement and accounting process
  • Ensuring all settlement fees and associated charges are properly accounted and posted to General Ledger as part of daily settlement process
  • Daily tracking of all suspicious and fraudulent transactions processed and launched through various card schemes on both issuing and acquiring business segments to ensure proper investigations and successful closure
  • Monthly reports compilation CBK NPS report and Business GL status report.
  • Timely escalation of challenges, risks identified to the Supervisor.
  • And any other duty as may be allocated by Supervisor or Senior Manager Card Operations.
  • Uphold the bank Imara 2.0 strategy and be a change maker as per the Pamoja narrative.

PERSON SPECIFICATIONS

Academic Qualifications

  • Bachelor’s degree in a Business related field from a recognized institution

Professional Qualifications

  • Competences in Microsoft Offices Packages on MS EXCEL, MS WORD

Experience

  • 2 Years’ experience in Card Operations
  • Acquaintance to Banking and Accounting Applications.

Generic Competencies

  • Good business communication (written and verbal) skills.
  • Must have a good time management skills.
  • Should have a good interpersonal skill and be able to interact with all levels of personnel within and outside the Bank.
  • Proficiency in the use of computers – Ms Office, relevant banking software.
  • Good Problem Solving and analytical skills.

CLICK HERE TO APPLY

If you believe you meet the above requirements log onto our www.imbankgroup.com/ke and click on careers and apply for the position. Your application should reach us as soon as possible but not later than 10th May 2022.

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