Reconciliation & Settlement Officer at HugoBank, Karachi

HugoBank is a digital bank in Pakistan. Its Reconciliation and Settlement Officer manages daily transaction matching, net settlement positions, GL postings and regulatory reporting across digital payment channels.

Key responsibilities

• Transaction Reconciliation & Data Validation
• Perform daily end-to-end reconciliation across digital payment channels, including 1Link (IBFT, BPS, ATM), SBP Raast, Visa/PakPak (POS/E-commerce)
• Extract, consolidate, and validate transaction data from internal systems and external payment network files
• Execute transaction-level matching using key identifiers including STAN, RRN, ARN, transaction IDs, timestamps, and amounts
• Exception Management & Discrepancy Resolution
• Identify, investigate, and track operational exceptions, including missing transactions, duplicate entries, network timeouts, and Store and Forward (SAF) cases
• Pass reconciliation variance entries into designated suspense and settlement General Ledgers (GLs) for timely investigation and knock-off
• Maintain exception tracking logs and coordinate with stakeholders to ensure prompt resolution within defined SLA timelines

Requirements

• Education: Bachelor’s degree in Finance, Accounting, Banking, or a related field
• Experience: 2 to 5 years of experience in payment operations, reconciliation, or settlement within banking or fintech operations
• Technical Knowledge & Skills
• Payment Systems: Hands-on experience with digital payment networks, including 1Link (IBFT/BPS/ATM), SBP Raast, Visa Scheme, PayPak, and SBP PRISM
• Accounting & Controls: Solid understanding of double-entry accounting, General Ledger (GL) mapping, net settlement calculations
• Data Analysis: Advanced Microsoft Excel / Google Sheets skills for data manipulation, transaction matching, and exception reporting

Location and schedule

• Karachi
• Full-time

Salary and benefits

The posting does not give a salary figure.

How to apply

Apply on the company's own site.