Settlement Officer

About the Role

Network International is seeking a Settlement Officer to join our team in Saudi Arabia. This full-time role is crucial for ensuring the accurate and timely processing of daily reconciliation and settlement activities for card issuing transactions. The ideal candidate will have 2-5 years of relevant experience and will be responsible for maintaining compliance with operational procedures, scheme regulations, and internal controls.

Key Responsibilities

• Perform daily reconciliation of card transactions across issuing systems, networks, and bank accounts.
• Monitor and process settlement files received from card schemes (Visa, Mastercard, MADA, etc.).
• Investigate and resolve reconciliation breaks, outstanding items, and settlement discrepancies within agreed 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 and Qualifications

Candidates should possess 2-5 years of experience in a similar role, demonstrating a strong understanding of card issuing transactions, reconciliation processes, and settlement activities. A solid grasp of scheme regulations and internal controls is essential for this position.

Work Environment

This role is primarily office-based, operating within a fast-paced and dynamic work environment. Occasional travel may be required for meetings, conferences, and training sessions.