Immediate Vacancy: Officer - Settlement & Clearing at Chapa Financial Technologies S.C

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Immediate Vacancy: Officer - Settlement & Clearing

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Employer: Chapa Financial Technologies S.C

Employment: Full-Time | Permanent

Place of Work: Addis Ababa - Ethiopia

Posted date: 3 days ago

Deadline: August, 31/2025 (3 days left)

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The Settlement and Clearing Officer is responsible for ensuring the timely and accurate settlement and reconciliation of financial transactions. This role plays a crucial part in managing the clearing and settlement processes of payments, ensuring compliance with regulatory requirements, and mitigating operational risks.

Key Responsibilities:

Transaction Settlement:

• Execute and monitor the daily settlement process for all financial transactions.
• Ensure timely and accurate settlement of payments, including processing of incoming and outgoing funds.

Clearing Operations:

• Manage the clearing process, ensuring that all transactions are correctly cleared and any discrepancies are promptly addressed.
• Liaise with clearing houses and other financial institutions to resolve any issues related to the clearing process.

Reconciliation:

• Perform daily, weekly, and monthly reconciliations of accounts.
• Investigate and resolve any discrepancies or issues identified during the reconciliation process.

Reporting:

• Prepare and submit regular reports on settlement and clearing activities to senior management.
• Maintain accurate records of all transactions and reconciliations for audit purposes.

Process Improvement:

• Continuously review and improve settlement and clearing processes to enhance efficiency and accuracy.
• Implement best practices and leverage technology to streamline operations.

Customer Service:

• Provide support to clients and internal teams regarding settlement and clearing queries.
• Resolve client issues promptly and efficiently to ensure high levels of customer satisfaction.

Team Collaboration:

• Work closely with other departments, such as Finance, IT, and Customer Support, to ensure seamless operations.
• Assist in training and mentoring junior team members.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• At least 2 years of experience in settlement and clearing operations, preferably in the financial services or fintech industry.
• Strong understanding of payment systems, clearing mechanisms, and reconciliation processes.
• Excellent analytical and problem-solving skills.
• Proficiency in using financial software and Microsoft Office Suite (especially Excel).
• Strong attention to detail and a high level of accuracy.
• Good communication and interpersonal skills.
• Ability to work under pressure and meet tight deadlines.
• Knowledge of regulatory requirements related to settlement and clearing operations.

Key Competencies:

• Analytical Thinking: Ability to analyze complex data and identify discrepancies.
• Attention to Detail: Ensures accuracy and thoroughness in transaction processing and reconciliations.
• Communication Skills: Effectively communicates with internal and external stakeholders.
• Problem-solving: Identifies issues and resolves them efficiently.
• Teamwork: Works collaboratively with colleagues to achieve common goals.
• Time Management: Manages time effectively to meet deadlines and handle multiple tasks simultaneously.

Benefits

• Pension Plan
• Paid Time Off
• Training & Development
• Performance Bonus
• free lunch

Required Skills

• Strong knowledge of settlement, clearing, and reconciliation processes
• Proficiency in financial software and Microsoft Office (especially Excel)
• Excellent analytical and problem-solving abilities
• High attention to detail with strong accuracy in transaction handling
• Effective communication and teamwork skills in a fast-paced environment

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