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Merchant Management (Clearing and Settlement)

Job Summary

Merchant Management (Clearing and Settlement)

  • Minimum Qualification: Bachelor
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description

Merchant Management (Clearing & Settlement)

Overall responsibility for day-to-day operation in merchant acquiring service for fund settlement with all the merchants. This role will be focusing on accounting of bank’s merchant acquiring service which will support all merchants. It is important for this role to ensure that payments and settlements are made correctly and on-time under bank’s procedures. Coordinating with other internal teams to help drive merchant acquiring business.

Key Accountabilities:

  1. Responsible for merchant payout on daily basis by validating incoming with out-going funds
  2. Reconcile of settlement and other financial data from several reports of acquiring system, card schemes and any business partners to make sure fund crediting and debiting are correct
  3. Collect funds from any other related service fees from merchants and business partners
  4. Support merchants on refund transactions which debiting amount from merchant accounts and adjust financial and tax reports of the bank
  5. Support merchants in term of payment reports, tax reports, any other financial related reports once requested
  6. Monitor invoice to the bank from card schemes, business partners or any other related parties
  7. Payout to merchants or business partners in terms of revenue sharing with reconciliation procedure
  8. Support coordination with internal teams in process enhancement for better service
  9. Provide requirements to IT team about financial reports during system enhancement and provide assistance as a consultant on financial aspects to other related parties including perform user acceptance testing on financial related issues
  10. Cooperation with Bank Finance Team for Bank’s daily reconciliation process

Merchant Management (Clearing & Settlement)


•      Bachelor’s degree or higher in Information System, Information Technology, Finance or related fields

•      At least 2-3 years of experience in service operation for banking industry

•      Good Knowledge of domestic and international clearing/settlements

•      Experience in payment business especially card payment is a plus

•      Proficient in MS Office, in particular Excel

•      Fluent in English is a plus

•      Effective communication both verbal and written skills

•      Positive attitude toward service is required

•      Strong problem solving and conflict resolution skills

•      Basic Bank Accounting Knowledge

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| Full Time |
$ Confidential
| Full Time |
MMK 400,000 - 600,000