Specialist; Card Settlement & Reconciliation
2026-07-11T10:38:03+00:00
NMB Bank
https://cdn.greattanzaniajobs.com/jsjobsdata/data/employer/comp_5940/logo/NMB%20Bank%20.jpeg
https://www.nmbbank.co.tz/
FULL_TIME
Head Office, Hq
Dar es Salaam
00000
Tanzania
Banking
Accounting & Finance, Business Operations, Customer Service
2026-07-24T17:00:00+00:00
8
Job Purpose:
To perform clearing and settlement of incoming and outgoing files of various card associations, attend queries raised by finance reconciliation team, effect merchant payments & recognize income, perform customer refunds and managing pool accounts for credit and Prepaid cards.
Main Responsibilities:
- Ensure daily clearing files are well processed and sent to MasterCard VISA and UPI as required
- Work on outgoing and incoming files for Visa, MasterCard and UPI to investigate rejected files/discrepancies
- Ensure Settlement files are downloaded correctly from MFI and Edit package (EP) systems
- Ensure daily settlement process for Visa and MasterCard and UPI is performed correctly.
- Liaise with treasury and Finance department to ensure there are enough funds before settlement due date.
- Advise Card Operation and Card Accounts to work on rejected settlement entries
- Ensure timely processing of Visa, MasterCard and UPI transactions fees and charges
- Prepare Settlement voucher for issuing and acquiring Business for onwards posting at finance department
- Manage NOSTRO settlement account and Mirror account, and ensure similar entries are reflected on both accounts
- Manage BOT settlement accounts for domestic/intra country settlement
- Manage reconciliation of all Settlement and card business accounts
- Process chargeback payments to Card Holders and recover funds from Merchants for failed chargebacks.
- Prepare Voucher for cardholder refund and merchant debit/credit payment.
- Manage and reconcile prepaid and credit card Pool account
- Ensure VAT and Withholding Tax calculations are done timely and the posting vouchers are prepared correctly
- Ensure all adjusted and unsettled transactions are posted timely and in correct GL
- Ensure highest level of customer service provided to network and internal customers
- Provide coaching and training to branch staff and call center for all issues related to Card operation
- Oversee the timely and successful completion of all required file injections (e.g., AUTH dump, DCF, and T112).
Knowledge and Skills:
- Card business clearing and settlement knowledge obtained from Visa or MasterCard, UPI or Third-party processor organization
- Prepaid and credit card knowledge
- Must have good computer application knowledge – Advanced level of Excel
- Teamwork/Personal Effectiveness – clear and concise communication, time management, adaptability
- Interpersonal skills – develop relationships with colleagues within bank and cardholders and merchants coaching / presentation/ training skills
Qualifications and Experience:
- Holder of University Degree in Accounts/Finance/Banking or related field
- Relevant certification(s) subject to the specific role requirements.
- Banking certification(s) is an added advantage
- At least 2 years’ working experience in Banking industry specifically in Card Business Operation
* Ensure daily clearing files are well processed and sent to MasterCard VISA and UPI as required * Work on outgoing and incoming files for Visa, MasterCard and UPI to investigate rejected files/discrepancies * Ensure Settlement files are downloaded correctly from MFI and Edit package (EP) systems * Ensure daily settlement process for Visa and MasterCard and UPI is performed correctly. * Liaise with treasury and Finance department to ensure there are enough funds before settlement due date. * Advise Card Operation and Card Accounts to work on rejected settlement entries * Ensure timely processing of Visa, MasterCard and UPI transactions fees and charges * Prepare Settlement voucher for issuing and acquiring Business for onwards posting at finance department * Manage NOSTRO settlement account and Mirror account, and ensure similar entries are reflected on both accounts * Manage BOT settlement accounts for domestic/intra country settlement * Manage reconciliation of all Settlement and card business accounts * Process chargeback payments to Card Holders and recover funds from Merchants for failed chargebacks. * Prepare Voucher for cardholder refund and merchant debit/credit payment. * Manage and reconcile prepaid and credit card Pool account * Ensure VAT and Withholding Tax calculations are done timely and the posting vouchers are prepared correctly * Ensure all adjusted and unsettled transactions are posted timely and in correct GL * Ensure highest level of customer service provided to network and internal customers * Provide coaching and training to branch staff and call center for all issues related to Card operation * Oversee the timely and successful completion of all required file injections (e.g., AUTH dump, DCF, and T112).
* Card business clearing and settlement knowledge obtained from Visa or MasterCard, UPI or Third-party processor organization * Prepaid and credit card knowledge * Must have good computer application knowledge – Advanced level of Excel * Teamwork/Personal Effectiveness – clear and concise communication, time management, adaptability * Interpersonal skills – develop relationships with colleagues within bank and cardholders and merchants coaching / presentation/ training skills
* Holder of University Degree in Accounts/Finance/Banking or related field * Relevant certification(s) subject to the specific role requirements. * Banking certification(s) is an added advantage * At least 2 years’ working experience in Banking industry specifically in Card Business Operation
JOB-6a521d0b525e4
Vacancy title:
Specialist; Card Settlement & Reconciliation
[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance, Business Operations, Customer Service]
Jobs at:
NMB Bank
Deadline of this Job:
Friday, July 24 2026
Duty Station:
Head Office, Hq | Dar es Salaam
Summary
Date Posted: Saturday, July 11 2026, Base Salary: Not Disclosed
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JOB DETAILS:
Job Purpose:
To perform clearing and settlement of incoming and outgoing files of various card associations, attend queries raised by finance reconciliation team, effect merchant payments & recognize income, perform customer refunds and managing pool accounts for credit and Prepaid cards.
Main Responsibilities:
- Ensure daily clearing files are well processed and sent to MasterCard VISA and UPI as required
- Work on outgoing and incoming files for Visa, MasterCard and UPI to investigate rejected files/discrepancies
- Ensure Settlement files are downloaded correctly from MFI and Edit package (EP) systems
- Ensure daily settlement process for Visa and MasterCard and UPI is performed correctly.
- Liaise with treasury and Finance department to ensure there are enough funds before settlement due date.
- Advise Card Operation and Card Accounts to work on rejected settlement entries
- Ensure timely processing of Visa, MasterCard and UPI transactions fees and charges
- Prepare Settlement voucher for issuing and acquiring Business for onwards posting at finance department
- Manage NOSTRO settlement account and Mirror account, and ensure similar entries are reflected on both accounts
- Manage BOT settlement accounts for domestic/intra country settlement
- Manage reconciliation of all Settlement and card business accounts
- Process chargeback payments to Card Holders and recover funds from Merchants for failed chargebacks.
- Prepare Voucher for cardholder refund and merchant debit/credit payment.
- Manage and reconcile prepaid and credit card Pool account
- Ensure VAT and Withholding Tax calculations are done timely and the posting vouchers are prepared correctly
- Ensure all adjusted and unsettled transactions are posted timely and in correct GL
- Ensure highest level of customer service provided to network and internal customers
- Provide coaching and training to branch staff and call center for all issues related to Card operation
- Oversee the timely and successful completion of all required file injections (e.g., AUTH dump, DCF, and T112).
Knowledge and Skills:
- Card business clearing and settlement knowledge obtained from Visa or MasterCard, UPI or Third-party processor organization
- Prepaid and credit card knowledge
- Must have good computer application knowledge – Advanced level of Excel
- Teamwork/Personal Effectiveness – clear and concise communication, time management, adaptability
- Interpersonal skills – develop relationships with colleagues within bank and cardholders and merchants coaching / presentation/ training skills
Qualifications and Experience:
- Holder of University Degree in Accounts/Finance/Banking or related field
- Relevant certification(s) subject to the specific role requirements.
- Banking certification(s) is an added advantage
- At least 2 years’ working experience in Banking industry specifically in Card Business Operation
Work Hours: 8
Experience in Months: 24
Level of Education: bachelor degree
Job application procedure
Application Link:
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