Settlement Officer

What the work is

About the Role Network International is seeking a Settlement Officer to join our team in Saudi Arabia. This full-time role is crucial for ensuring the accurate and timely processing of daily reconciliation and settlement activities for card issuing transactions. The ideal candidate will have 2-5 years of relevant experience and will be responsible for maintaining compliance with operational procedures, scheme regulations, and internal controls. Key Responsibilities Perform daily reconciliation of card transactions across issuing systems, networks, and bank accounts. Monitor and process settlement files received from card schemes (Visa, Mastercard, MADA, etc.). Investigate and resolve reconciliation breaks, outstanding items, and settlement discrepancies within agreed SLAs. Prepare and validate settlement reports, accounting entries, and management information reports. Coordinate with internal teams, banks, card schemes, and processors for issue resolution. Monitor chargebacks, adjustments, fees, and scheme-related settlements. Ensure compliance with operational procedures, audit requirements, and regulatory standards. Support automation initiatives, process improvements, and system enhancements related to reconciliation and settlement operations. Experience and Qualifications Candidates should possess 2-5 years of experience in a similar role, demonstrating a strong understanding of card issuing transactions, reconciliation processes, and settlement activities. A solid grasp of scheme regulations and internal controls is essential for this position. Work Environment This role is primarily office-based, operating within a fast-paced and dynamic work environment. Occasional travel may be required for meetings, conferences, and training sessions.