Card Settlement & Reconciliation Implementation Consultant
Confidential Riyadh - Saudi Arabia Date Posted: 2026/09/21 Login to ApplyResponsibilities
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Review card product features, transaction lifecycles, and settlement models.
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Analyze transaction flows across issuers, processors, schemes, and internal systems.
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Assess existing operational, financial, and technical infrastructure.
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Identify process gaps, operational risks, and reconciliation challenges.
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Design and document end-to-end settlement and reconciliation frameworks.
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Define reconciliation points across internal and external platforms.
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Develop reconciliation rules, matching logic, exception thresholds, and tolerance levels.
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Map transaction types, fees, chargebacks, and adjustments to General Ledger (GL) accounts.
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Establish exception management, discrepancy resolution, and escalation procedures.
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Implement financial controls and governance mechanisms to ensure reconciliation accuracy.
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Prepare daily, weekly, and monthly operational and financial control reports.
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Support system integration activities between card processing, settlement, and finance systems.
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Participate in SIT, UAT, and production readiness testing.
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Validate settlement calculations, funding movements, scheme fees, interchange fees, and accounting entries.
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Review reconciliation outputs and ensure proper exception handling.
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Support go-live activities and post-implementation stabilization.
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Develop Standard Operating Procedures (SOPs) and operational documentation.
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Deliver training sessions to finance, operations, and reconciliation teams.
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Conduct knowledge transfer sessions and provide complete project handover documentation.
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Collaborate with business, finance, technology, and vendor stakeholders throughout the implementation lifecycle.
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Ensure successful transition of settlement and reconciliation operations into business-as-usual activities.
Qualifications
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Bachelor's degree in finance, Accounting, Banking, Business Administration, Information Systems, or a related field.
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5+ years of experience in card settlement, reconciliation, payments operations, or financial operations.
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Proven hands-on implementation experience within banks, fintechs, card issuers, processors, or payment service providers.
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Strong understanding of card payment ecosystems, including clearing, settlement, funding, fees, and accounting processes.
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Experience in designing and implementing reconciliation frameworks across multiple systems.
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Strong knowledge of General Ledger (GL) mapping, accounting controls, and financial reporting.
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Experience supporting testing, UAT, go-live, and production deployment activities.
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Experience with Visa, Mastercard, or other payment schemes is preferred.
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Excellent analytical, communication, stakeholder management, and documentation skills.
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Professional certifications in payments, finance, accounting, or project management are an advantage.
Required Skills
- Financial Skills
Job Details
- Location Riyadh - Saudi Arabia
- Industry Accounting & Finance
- Job Type Full-Time
- Degree Bachelor
- Experience 5+
- Nationality Unspecified
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