Senior Settlement Officer

About the Role

Network International is seeking a Senior Settlement Officer to join its team in Saudi Arabia. This full-time role involves managing daily reconciliation and settlement activities for card issuing transactions, ensuring accuracy, timely discrepancy resolution, and adherence to operational procedures and scheme regulations.

Key Responsibilities

• Perform daily reconciliation of card transactions across issuing systems, networks, and bank accounts.
• Monitor and process settlement files received from card schemes such as Visa, Mastercard, and MADA.
• Investigate and resolve reconciliation breaks, outstanding items, and settlement discrepancies within agreed Service Level Agreements (SLAs).
• Prepare and validate settlement reports, accounting entries, and management information reports.
• Coordinate with internal teams, banks, card schemes, and processors for issue resolution.
• Monitor chargebacks, adjustments, fees, and scheme-related settlements.
• Ensure compliance with operational procedures, audit requirements, and regulatory standards.
• Support automation initiatives, process improvements, and system enhancements related to reconciliation and settlement operations.

Experience Required

Candidates for this position should possess 5-10 years of relevant experience in reconciliation and settlement activities, preferably within the card issuing or financial services sector.

Work Type

This is a full-time position based in Saudi Arabia.