Clearing and Settlement Officer I – Premier Switch Solutions S. Co.
Accounting and Finance
Premier Switch Solutions S. Co.
PSS is a consortium owned by six private banks i.e., Awash International Bank, Nib International Bank, United Bank, Berhan International Bank, Addis International Bank, and Cooperative Bank of Oromia. It was established in 2009 by the visionary banks to save the high investment cost of the modern payment platform and deliver electronic payment services to financial institutions with a shared system. It commenced operation officially on July 5, 2012 with 165 million Birr.
As the modern payment system plays a key role in the economy’s growth, PSS has a vision to be a corner stone in moving the society from cash based economy to a greater use of electronic payment system. PSS is also dedicated to contribute to the modernization of National Payment System in the country by optimizing economies of scale in investing on e-payment infrastructure through providing interconnectivity and interoperability among participants through shared network which complies with all relevant international standards.
External Vacancy Announcement
Premier Switch Solutions S.C. (PSS) is a leading Electronic Payment Processing Company, established by major private banks of Ethiopia. The Company has implemented the first multi-institution shared-switch infrastructure to provide its member banks with a state of the art payment technology to drive ATM, POS, e-commerce, Mobile Banking and other payment channels and provide clearing of Debit/Credit card transactions for the banks.
Description of Duties
- Currently, PSS has one vacant position stated below and would like to invite applicants who meet the qualification and required experience listed for this job opening.
- Implement the operations policy and procedure.
- Involve in the design and setup of work processes for clearing & settlement, transaction reconciliation, transaction dispute and fraud management.
- Handle clearing & settlement, transaction reconciliation, transaction dispute and fraud management services to meet the customer expectation as per defined SLA.
- Handle outgoing, incoming and clearing & settlement files are backed-up, archived and retained regularly as per relevant policy and procedure.
- Handle transactions related inquiries from customers.
- Handle rejected POS transactions for fixation of the problem and reprocessing
- Involve in the management of vendor relationship and monitor all support activities.
- Conduct periodic operation performance metrics.
- Assist in the maintenance, upgrade and migration of systems.
- Work with the relevant work units in the research and development of new products, services and technologies.
- Handle timely settlement of funds among member and non-member banks and international card schemes according to the relevant rules and regulation.
- Handle unsettled and exceptions related to transactions are properly addressed.
- Handle the inclusion of all authorized MasterCard, VISA & UnionPay transactions in their respective outgoing files.
- Conduct the timely sending of settlement reports to member banks.
- Assist in the preparation of budget for the department
- Involve in building knowledge base from lessons learned.
- Prepare periodic vital operational statistical reports.
- Perform any other duties as may be assigned from time to time by the supervisor.
Qualification & Work Experience
- Bachelor’s Degree in Business Administration, Management, Finance & Accounting, or related field.
- At least two years experiences in payment and banking industry
As per the Company scale with attractive benefit package