Payment and Settlement Reconciliation Specialist at LemFi

Payment and Settlement Reconciliation Specialist

About our Company

LemFi (YC S21) is building the neobank for African diaspora in North America & Europe. We provide our users with a multi-currency account that allows them to hold, send, and receive money from Africa in any currency for their business and personal banking needs.

We are a fast-paced startup with entities in the UK, USA, Canada and Nigeria and you would be required to familiarize yourself with necessary statutory and regulatory requirements in these locations.


Job description:-

The role of the Payment and Settlement Reconciliation Specialist, Nigeria, is a fully remote position within LemFi’s Finance team. In this role, you should have demonstrated knowledge of how payment and settlement circle work, end to end, at minimum, 3 years in the same or similar role.


What You’ll be Doing:-

  • Prompt reconciliation of allocated products.
  • Investigate and provision of solution to clearing out of open items in accounts.
  • Investigation and recovery of unsettled transactions with partners and banks.
  • Ensure the quality and accuracy of data and present it in a way to help the organization make better decisions.
  • Liaising with Customer Management team and Engineering team for the resolution of customer requests and disputes within SLA.
  • Monitor disputed transactions for possible fraudulent activity and report to Management.
  • Provide relevant information to management on all invalid transactions.
  • Work with the Product and Engineering teams to improve the internal process as well as new products for customer satisfaction.
  • Analyze income-earning and cost for the organization based on transactions consummated via the partner’s channel
  • Monthly reconciliation summary, design and structured with details and accuracy for journal entries.
  • Inter-bank analysis and reconciliation for month end closing
  • Inter-company transactions analysis
  • Consolidation of Statements for products under your purview
  • Maintain the relationships with banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner;



  • Advanced education degree is preferred but not required;
  • 3-5 years’ experience in the same or similar role at a fintech or financial institution;
  • Comprehensive knowledge on how payment and settlement transaction chain work in a global circle;
  • Excellent analytical, research, verbal and written communication skills;
  • Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.


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Payment and Settlement Reconciliation Specialist at LemFi


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