Job Summary:The Commercial Accounting Section Head is responsible for leading and overseeing the Commercial Accounting function, ensuring the accurate and timely execution of merchant commissions, settlements, revenues, reconciliations, and financial controls. The role drives revenue assurance, risk mitigation, process improvement, and reporting while partnering with key business stakeholders to ensure financial accuracy and operational efficiency. The Section Head is also responsible for leading and developing the team, strengthening financial controls, and ensuring the achievement of functional objectives and continuous improvement.
Responsibilities:• Lead and manage the Commercial Accounting function and its day-to-day operations.
• Perform Merchant Commission Validation to ensure the accuracy of commissions, incentives, and commercial payouts.
• Oversee Mobile Network Operator (MNO) settlements and ensure timely and accurate settlement calculations with telecom operators and business partners.
• Drive Revenue Leakage Prevention initiatives by identifying financial risks, process gaps, and potential revenue loss.
• Conduct Scheme & Contract Validation to ensure commercial implementations are aligned with approved contracts, business agreements, and commercial terms.
• Monitor Merchant Funding & Settlement Controls to ensure accurate funding calculations and settlement execution.
• Validate revenues, costs, commissions, and commercial transactions across products, channels, and partners.
• Lead, coach, and develop team members while fostering a culture of accountability, ownership, and operational excellence.
• Review and monitor Accounts Payable (AP) and Accounts Receivable (AR) activities related to commercial operations to ensure accuracy and timely processing.
• Support month-end closing activities through revenue, cost, settlement, AP, AR, and accrual validations.
• Develop and maintain robust financial controls to ensure the completeness, accuracy, and integrity of financial records.
• Partner with Commercial, Operations, Product, and Business teams to resolve financial discrepancies and operational issues.
• Prepare management reports, reconciliation analyses, and financial dashboards to support business decision making.
• Enhance reporting automation, strengthen financial controls, and drive continuous process improvement.
• Monitor team performance against functional KPIs and ensure the achievement of departmental objectives.
•Support internal and external audit activities and ensure timely resolution of audit findings related to Commercial Accounting.
Requirements
Job Specifications:• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. • 6–10 years of relevant experience in Commercial Accounting, Revenue Assurance, Settlements, Reconciliations, Financial Control, Accounts Payable, or Accounts Receivable.
• Strong understanding of Merchant Commissions, Mobile Network Operator (MNO) Settlements, Revenue Assurance, AP/AR processes, and Financial Controls.
• Strong understanding of financial controls, accounting principles, and reconciliation processes.
• Experience in Fintech, Digital Payments, Banking, Telecom, or Financial Services is highly preferred.
• Strong analytical, problem-solving, and decision-making skills.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Excellent communication and stakeholder management skills.
• Proven leadership experience with the ability to manage, coach, and develop high-performing teams.
