Description

The Payment Specialist will support payment processing, refund handling, payment allocation, statement preparation, receipt verification, payment imports, and reconciliation activities. The role requires accuracy, strong attention to detail, and the ability to support finance operations in line with accounting principles and Tanzanian financial regulations.

Key Responsibilities

Refund Payments

The Payment Specialist will support refund processing for clients and ensure that refund requests are handled accurately and on time.

Key duties include:

• Requesting refunds for clients who have asked for a refund.
• Processing overpayment balances as refunds to clients.

Assigning and Unassigning Payments

The role will involve supporting the allocation and correction of client payments to ensure proper financial records.

Key duties include:

• Assisting in assigning unidentified payments.
• Assisting in assigning and unassigning down payments.
• Assisting in allocating assigned payments to the correct client account.

Preparing Yas Disbursement and Collection Statements

The Payment Specialist will support the preparation of Yas-related financial statements for reporting and reconciliation purposes.

Key duties include:

• Supporting the preparation of daily, weekly, and monthly Yas disbursement statements.
• Supporting the monthly preparation of Yas collection statements.

Verifying Receipts

The role requires checking payment receipts to confirm accuracy before approvals are made.

Key duties include:

• Checking whether receipts and paid amounts match.
• Approving payments after verifying receipts.

Importing Payment Statements

The Payment Specialist will assist in importing payment statements from different payment channels and ensure that payment records are updated regularly.

Key duties include:

• Assisting in importing NMB Bank, Yas, and Airtel payment statements.
• Accurately importing payment files after every one hour.

Paying Repossession Costs and Reconciliation

The role will also involve supporting repossession cost payments, reconciliation, and finance documentation.

Key duties include:

• Making payments for repossession costs when needed.
• Reconciling all payments made on a daily and monthly basis.
• Supporting the Finance Department in filing all costs made at the end of the month.

Requirements

Applicants should have the following qualifications, skills, and experience:

• Requesting refunds for clients who have asked for a refund.
• Processing overpayment balances as refunds to clients.
• Assisting in assigning unidentified payments.
• Assisting in assigning and unassigning down payments.
• Assisting in allocating assigned payments to the correct client account.
• Supporting the preparation of daily, weekly, and monthly Yas disbursement statements.
• Supporting the monthly preparation of Yas collection statements.
• Checking whether receipts and paid amounts match.
• Approving payments after verifying receipts.
• Assisting in importing NMB Bank, Yas, and Airtel payment statements.
• Accurately importing payment files after every one hour.
• Making payments for repossession costs when needed.
• Reconciling all payments made on a daily and monthly basis.
• Supporting the Finance Department in filing all costs made at the end of the month.

• Accuracy
• Strong attention to detail
• Proficiency in MS Office, especially Microsoft Excel

• Diploma or bachelor’s degree in Accounting, Finance, or a related field.
• Strong knowledge of accounting principles and Tanzanian financial regulations.
• ERP knowledge is an added advantage.
• Prior internship or work experience in accounting or finance is preferred.