OFFICER – PAYMENTS AND RECONCILIATION (RECOVERIES)

JOB SUMMARY

The job holder will be responsible for assigning payments made outside employer receipting i.e. cash, DDACC payment or any other form of payment onto the clients’ accounts in Baylend. Processing of statements and outright settlements.

JOB SPECIFICATIONS

• ·Ensure all outright settlement payments are correctly captured in Baylend and processed after verifying deposit with Finance and against o/s documentation received from branch.
• Prepare daily loan statement requests processed report and weekly outright settlement report. Prepare month end reconciliations for Outright Settlements and Arrear / Monthly payments captured with the Financial Ledger.
• Capture in Baylend Technical Arrear, Off-Payroll and Termination payments collected via Cash/DDACC/Standing Order/Mobile Money/Cheque/Employer Transfer. Ensure the correct and timely capturing of these payments onto the right Client accounts. Verify and capture Bad Debt payments on Written off recreated loans according to set procedure.
• Review daily the outright settlement system report and follow up with concerned branch outright settlements generated without sending documentation. Process all Client Statement Requests, maintaining database of all requests including evidence of payment of processing fees.
• Troubleshooting of queries received related to Statements, payments & Outright Settlements. Prepare exceptions when need arise to correct client account balances. Backup all outright Settlement, Payments and Loan Statements documentation onto the Payments Folder on the Back-up server
• Perform any other duties as may be assigned by the Line Manager.

MINIMUM ENTRY REQUIREMENTS

• Grade 12 with 5O Levels including Mathematics and English
• Preferably an Accounting qualification or Degree in Business Administration
• Minimum of one to two years’ work experience
• Experience in performing reconciliations will be an added advantage.

OTHER SKILLS AND ATTRIBUTES

• Ability to work well under minimum supervision.
• Proactive and self-motivated.
• Attention to detail and ability to work accurately.
• Maintain the highest level of confidentiality and integrity