Reconciliation & Settlement Officer

About the role

The Reconciliation & Settlement Officer is responsible for end‑to‑end transaction matching, net position calculations, settlement GL postings and regulatory reporting across digital payment channels, ensuring zero variance and full compliance with State Bank of Pakistan standards.

Key responsibilities

• Perform daily reconciliation across 1Link, SBP Raast, Visa/PakPak, extracting and validating transaction data from internal and external sources.
• Identify, investigate and track operational exceptions such as missing or duplicate transactions, network timeouts and SAF cases.
• Prepare net settlement summaries and GL entries, coordinate prefunding with Treasury, and submit settlement calculations under maker‑checker controls.
• Submit accurate SBP regulatory and settlement reports within prescribed deadlines and maintain audit‑ready documentation.
• Collaborate with internal Technology and Finance teams and external payment network partners for data validation and issue resolution.

Required profile

• Bachelor's degree in Finance, Accounting, Banking or related field.
• 2‑5 years of experience in payment operations, reconciliation or settlement within banking or fintech.
• Strong attention to detail, analytical thinking and ability to meet strict operational deadlines.

Required skills

• Hands‑on experience with digital payment networks: 1Link (IBFT/BPS/ATM), SBP Raast, Visa Scheme, PayPak, SBP PRISM.
• Advanced Microsoft Excel and Google Sheets for data manipulation and transaction matching.
• Solid understanding of double‑entry accounting, GL mapping and maker‑checker control frameworks.