Manager – Payment Systems – LOLC Finance Zambia Limited

Lusaka
29 mins ago
Full Time
Application ends: 15 November 2024
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hr@lolczambia.com

Job Description

Job Summary:

The individual will be responsible for overseeing and managing the entire payment systems of the company, ensuring seamless integration with the Zambia Electronic Clearing House Limited (ZECHL). This role involves the management of day-to-day EFT processes, compliance with regulatory standards, and the development of strategies to optimize electronic payment systems.

The ideal candidate will possess strong leadership skills, in-depth knowledge of EFT systems, and a deep understanding of financial regulations in Zambia.

Key Responsibilities:

  • Oversee the entire payment process, including transaction monitoring, settlement, and reconciliation with ZECHL.
  • Ensure that the company’s payment systems are fully integrated with ZECHL and operate smoothly without any disruptions.
  • Manage and optimize the company’s payment systems to ensure efficient and accurate processing of all electronic transactions.
  • Ensure that all EFT processes comply with relevant financial regulations and standards set by the Bank of Zambia and ZECHL.
  • Stay updated on changes in financial regulations and ensure that the company’s systems and processes are updated accordingly.
  • Prepare and submit necessary reports to regulatory bodies as required.
  • Identify and mitigate risks associated with electronic fund transfers, including fraud detection and prevention.
  • Implement security measures to safeguard sensitive financial data and prevent unauthorized access to the EFT system.
  • Update performance reviews and provide feedback to MD/CEO.
  • Develop and implement strategies to enhance the customer experience and reduce processing times.
  • Work closely with IT and other departments to ensure that the payment systems are up-to-date and operating optimally.
  • Serve as the primary point of contact between the company and ZECHL, ensuring effective communication and collaboration.
  • Liaise with internal and external stakeholders to resolve any issues related to electronic fund transfers.
  • Represent the company in industry forums and discussions related to EFT and ZECHL.

Required Qualifications:

  • Bachelor’s degree in Finance, Accounting, Business Administration, Information Technology, or a related field. A Master’s degree or professional certification (e.g., ACCA, CIMA, CFA) is preferred.
  • Minimum of 5-7 years of experience in financial management, with at least 3 years in a role managing payments systems or similar financial operations.
  • Strong knowledge of electronic payment systems, including experience working with ZECHL or similar clearinghouses.
  • Excellent understanding of financial regulations in Zambia, particularly those related to electronic funds transfer.
  • Strong analytical and problem-solving abilities.
  • May be required to work outside regular business hours to address urgent issues or during system upgrades.

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