Device Settlements Supervisor
Fidelity Services Group
Midrand, Gauteng
Posted 17 March 2020

Job Details

Job Description

Reporting to  - Settlements Manager 

Devision         - Operational Finance (Cash Processing)


Job Introduction:

Overall administration and oversight of the device settlement process in line with company policies and procedures and that the client’s needs are efficiently and professionally met at all times.


Minimum Requirements:

  • Finance Diploma/Degree
  • 5 Years relevant working experience in settlements/reconciliations, would be deemed appropriate for this level position
  • Previous Cash Management Centre experience would be highly beneficial
  • Solid understanding of SAP would be advantageous
  • Computer Literacy in MS Office Packages essential, with specific reference to advance Excel
  • Exposure/experience dealing with banking systems
  • Knowledge of administrative procedures
  • Knowledge of reconciliation procedures
  • Knowledge of Cash Management Centre processes
  • Knowledge of company policies and procedures 
  • Willing to work alternate Saturdays and Sundays

Key Performance Areas: (not totally inclusive):


1) Effective supervisory of the device settlement function

  • Oversight and control over Customer’s device deposit settlement (External Settlements)
  • Assisting Settlements Team with any settlement troubleshooting, for example system issues in obtaining settlement data, changing of customer data to cater for customer’s special requirements
  • Maintaining of master data on central data base regarding new customers and customers settlement referencing requirements
  • Daily monitoring of Banking Internet Online Sites for rejected settlement transactions
  • Management of the process for Unallocated Canister to supply Fidelity Internal Reconciliation department with daily submissions processing into bookkeeping system (SAP)
  • Close co-working with Fidelity Recon Teams to assist with recon queries


2) Management of device customer settlement queries

  • Resolving of device customer settlement queries in partnership with Fidelity Cash Centres
  • Assist in resolving device customers recon issues in partnership with Fidelity Cash Centres and “Fidelity Internal and External Reconciliations” departments
  • Address escalated queries and manage feedback process
  • Monitor resolution process
  • Formulate corrective actions plans to address frequent issues and problematic areas


3) Management and oversight of reporting function

  • Review of Daily reporting on settlement issues. Address areas of non-compliance and deficiency:
  • Non-compliance at Cash Centre level
  • Overdue settlements
  • Settlements not released due to exceptions
  • Rejected settlements on Payment systems
  • Review of both internal or external monthly/daily reports

Core Competencies

  • MS Office Computer skills 
  • Acting professionally
  • Sound communication skills (written and verbal)
  • Supporting and working with others
  • Delivering objectives 
  • Sharing and cooperating
  • Dealing with changing circumstances
  • Numerical accuracy and high methodical working methods are required
  • Attention to detail
  • Ability to cope with large volumes of data and work 

We reserve the right not to make an appointment to any advertised position. Whilst preference is given to existing employees at all times and the choice made is purely on merit, Historically Disadvantaged Candidates and Black Female Candidates are encouraged and supported in the FSG team.

 Fidelity Services Group (Pty) Ltd supports global fair practice and business ethics on continuous development of our human capital as the key resource to our success in the markets in which we participate.

 Should you not be contacted regarding this position within 10 working days from the closing date, please regard your application as unsuccessful