The Role
Lead and scale the reconciliation function for a multi-jurisdictional PSP, overseeing daily reconciliation, exception handling, settlements, and financial reporting. Build controls, manage a team, drive automation and systems integration, collaborate cross-functionally, and support audits and regulatory compliance to ensure accurate transaction and ledger integrity.
Summary Generated by Built In
About Us
Virtual Pay International is a leading global Pan-African Payment
Service Provider (PSP) regulated in multiple jurisdictions and dedicated to
facilitating secure and seamless financial transactions across the continent.
About the Role
The Reconciliation Manager ensures that the PSP operates with accurate,
transparent, and reliable reconciliation of all payment and financial
transactions across the various jurisdictions in which the company is licensed
and operates. This role is accountable for developing and managing a
comprehensive reconciliation framework that supports financial integrity,
strengthens internal controls, facilitates timely settlements, and enables
effective collaboration with internal teams and external partners in a high‑volume, multi‑market payments environment
Key Responsibilities
1. Leadership & Management
- Lead,
build, and continuously enhance the reconciliation function to ensure
accurate tracking of all transaction flows, settlements, and ledger
balances across markets and products.
- Develop
negotiation, documentation, and implementation of reconciliation policies,
standards, procedures, and controls tailored to support international
operations.
- Manage
the reconciliation team, set performance expectations, support
professional development, and ensure strong succession planning.
2. Reconciliation Operations & Controls
- Oversee
the execution of daily, weekly, and monthly reconciliation processes for
transactions across payment rails, banks, Virtual Pay partners, wallets
and merchant accounts.
- Establish
and maintain robust reconciliation controls, exception handling workflows,
and escalation procedures to promptly resolve discrepancies and
exceptions.
- Monitor
reconciliation outcomes for accuracy and completeness; ensure that
variances and unresolved items are investigated, analyzed, and addressed
in a timely manner.
3. Settlement Oversight & Financial
Reporting
- Ensure
reconciliation supports timely and accurate settlement with banking and
PSP partners in all operating jurisdictions.
- Work
closely with Finance to validate general ledger balances and support month‑end,
quarter‑end, and year‑end close activities related to reconciliation and
financial reporting.
- Prepare
and present reconciliation status reports, insights, and key performance
indicators to senior leadership.
4. Process Efficiency & Technology
Integration
- Identify
opportunities to automate reconciliation workflows, improve tools and
systems integration, and eliminate manual inefficiencies.
- Partner
with Product, Engineering, and IT teams to design and deploy scalable
reconciliation solutions that support growth and operational reliability.
5. Compliance & Risk Management
- Ensure
reconciliation practices align with internal controls, risk management
frameworks, and applicable regulatory reporting obligations in all
jurisdictions of operation.
- Support
internal and external audits with detailed documentation, reconciliation
evidence, and risk control validation.
6. Cross‑Functional Collaboration
- Collaborate
with Finance, Compliance, Operations, Treasury, and other business units
to resolve reconciliation issues, support new product launches, and
address operational risks arising from transaction flows.
Requirements
Qualifications
& Experience
- Bachelor’s
degree in finance, Accounting, Business Administration, or a related
field.
- Professional
qualifications such as CPA, ACCA, CIMA, or equivalent are highly
advantageous.
- Minimum 5 years’ experience in reconciliation, financial operations, or
payment processing functions, preferably within fintech, PSPs, banks, or
high‑volume transactional environments.
- Demonstrated
experience managing and scaling reconciliation functions or teams in a
dynamic, multi‑jurisdictional operational context.
- Expertise
in reconciliation principles, financial controls, exception management, and
settlement operations.
- Strong
analytical skills with the ability to interpret large data sets, identify
trends, and resolve complex discrepancies.
- Excellent
leadership, communication, and stakeholder management capabilities.
- High
proficiency in Excel and familiarity with reconciliation tools, ERP/finance
systems, and data analytics platforms.
NB: Kindly note that due to the high volumes of applications we anticipate receiving, only
short-listed candidates will be contacted. Only qualified candidates are encouraged to apply.
Virtual Pay is an equal opportunity employer
Skills Required
- Bachelor's degree in Finance, Accounting, Business Administration, or related field
- Professional qualification (CPA, ACCA, CIMA) or equivalent
- Minimum 5 years experience in reconciliation, financial operations, or payment processing
- Experience managing and scaling reconciliation functions or teams in multi-jurisdictional operations
- Expertise in reconciliation principles, financial controls, exception management, and settlement operations
- Strong analytical skills with ability to interpret large data sets and resolve complex discrepancies
- Excellent leadership, communication, and stakeholder management capabilities
- High proficiency in Excel
- Familiarity with reconciliation tools, ERP/finance systems, and data analytics platforms
- Experience in fintech, PSPs, banks, or high-volume transactional environments
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The Company
What We Do
Virtual Pay International Limited is a leading Pan-African payment service provider and technology firm that offers bespoke global payment solutions. As an International Electronic Money Institution and Visa Principal Acquirer, it enables businesses to securely and seamlessly accept cashless payments via an all-in-one omnichannel platform, powering transactions across Africa, the UAE, Europe, Asia, and Latin America.
