The Settlement Officer will be responsible for the reconciliation and settlement activities within the Function. To facilitate completing an accurate processing of the settlement cycle for all transactions by ensuring the required due diligence is performed.
Responsibilities- Process the end of day closing to ensure proper reconciliation (at night).
- Follow up with other units to ensure end of day closing in a timely manner.
- Send the outgoing files and check the reports to ensure accurate clearing and settlement reconciliation with Card Schemes.
- Follow up with other units to ensure Outgoing/incoming files are sent/received in a timely manner to ensure settlement with the Card Schemes entities.
- Process the daily run and do the needed reconciliation for banks and verification of the net position of each member on daily basis to avoid any financial loss.
- Perform the data entry, collection, and reconciliation of any financial and/or non-financial transaction (i.e. chargebacks, fee collections, etc.) on behalf of the member banks on daily basis efficiently to avoid financial losses to the bank and/or NI Jordan.
- Act as a maker or checker for the daily tasks done by the unit.
- Respond to banks’ inquiries and requests.
- Adhere to audits, PPD, schemes, and other regulators’ mandates and best practices.
- Check all processes through the RPA system.
- Send the VSS reports to banks.
- Perform any duties and tasks assigned by the unit Manager.
- Working during holidays and public holidays.
Education: bachelor’s degree
Experience: (1-3) years of experience
Languages: Arabic and English - Fluent
Computer Skills: Excellent
Business Writing: Very good
Presentation Skills: Very good
Skills Required
- Bachelor's degree
- 1-3 years of relevant experience
- Fluent Arabic and English
- Excellent computer skills
- Very good business writing skills
- Very good presentation skills
- Ability to work nights, holidays and public holidays
Network International Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Network International and has not been reviewed or approved by Network International.
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Strong & Reliable Incentives — Pay is considered decent in some roles and is often paired with bonuses. Phrases like 'salary plus bonuses' indicate variable pay is a meaningful component for certain positions.
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Healthcare Strength — Medical coverage extends to employees, spouses, and up to three children, alongside life insurance. This breadth signals a robust healthcare baseline for the region.
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Retirement Support — Retirement and termination benefits align with UAE/GCC norms, including pension contributions for nationals and end‑of‑service gratuity for expatriates. Such provisions indicate structured, region‑appropriate retirement support.
Network International Insights
What We Do
Over the past 30 years, we have built a business based on long-standing and trusted relationships with many of the leading merchants, financial institutions and payment networks operating in the Middle East and Africa. Such relationships are based on our comprehensive capabilities, scale, local presence in the multiple markets in which we operate, alongside our trusted reputation. This gives us significant scale and leadership in the region, where we operate in more than 50 countries, serve over 130,000 merchants and 250 financial institutions and fintech customers, whilst managing more than 16 million customer credentials. We have a diversified business model and operate across the entire consumer payments value chain. We do this with a growth-focused strategy through two business lines: • That enables our merchant customers to ‘take payments’, by providing them with various payment acceptance methods, both online and offline. • Which supports our financial institution, fintech and other payment issuing institution customers in enabling consumers ‘make payments’, by managing and processing their consumer payment credentials and transactions.
