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 settlement/reconciliation experience
- Fluent Arabic and English
- Experience with settlement/reconciliation processes and card schemes
- Proficiency using RPA systems for process checks
- Strong computer skills (data entry, reporting)
- Very good business writing and presentation skills
- Ability to work nights, holidays, and public holidays
What We Do
At NI, we Engineer Ambitiously. We celebrate creative problem solving. And we take our customer relationships to heart. We believe in the power and potential of making connections—between people, ideas, and technology. In fact, connection is central to everything we do. We constantly challenge ourselves to find those connections because that’s what creates a path forward. This means bringing the right people together to build solutions that make a difference. It means combining fresh perspectives with new technologies to turn your vision into reality. For more than four decades, we’ve set the standard in automated test and automated measurement systems. We’re proud to partner with the talented engineers and enterprises using our systems to solve the world’s most pressing technology challenges and build better businesses. From data and automation to research and validation, our tailored, software-connected approach is rooted in helping you engineer what’s next. As your trusted partner, we’re committed to helping you set your goals higher and reach them sooner. We’re here for you, for each other, and for the next generation of innovators who think bigger, aim higher, and go faster. Let’s Engineer Ambitiously.
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