Settlement Officer

Job description

Job Description About the Job: The employer is responsible for carrying out daily reconciliation and reconciliation activities for card issuance transactions, ensuring accurate processing, timely resolution of discrepancies, and compliance with operational procedures, scheme regulations, and internal controls. Key Responsibilities • Perform daily reconciliation of card transactions across issuing systems, networks, and bank accounts. • Monitoring and processing settlement files received from card systems (Visa, the employer, Mada, and others). • Investigate and resolve settlement breaks, outstanding items, and settlement discrepancies within agreed SLAs. • Prepare and verify the accuracy of reconciliation reports, accounting entries, and management information reports. • Coordinate with internal teams, banks, card schemes and processors to resolve the issue. • Monitor chargebacks, adjustments, fees and settlements related to the scheme. • Ensure compliance with operational procedures, audit requirements, and regulatory standards. • Support automation initiatives, process improvements, and system improvements related to reconciliation and reconciliation processes. Experience/Skills Required Education: Bachelor's degree or equivalent accounting education qualifications. Experience: • 2+ years of card operations/bank back office operations, with GL financial settlement and reconciliation experience. Knowledge/Skill s: • Exposure to card management systems. • Exposure to card schemes and scheme related reports. • Understand the settlement cycles of the local payment system Visa and the employer • Knowledge in accounting (bank accounts, accounts receivable and payable) • Excellent knowledge of Micro software soft Excel and the ability to effectively use AI tools to improve productivity and process would be an added advantage. • Good English communication skills (reading and writing). • Good skills in dealing with others. • Excellent teamwork skills. Job Information Job Category Partners Apply by 10/29/2026 Job Schedule Full Time Locations Riyadh Olaya, Riyadh, SA

Requirements

• Knowledge/Skill s: • Exposure to card management systems
• • Good English communication skills (reading and writing)

Skills