settlement officer

Halan Microfinance Bank

<div>
 
 
 Officer &ndash; Settlement &amp; Reconciliation
 
 
 
 
 
 
 
 Role Summary:
 
 
 
 We are looking for a detail-oriented Settlement &amp; Reconciliation Officer currently working in a similar capacity. The ideal candidate must have a solid grasp of the digital payment landscape in Pakistan, specifically RAAST and 1-Link platforms. You will be responsible for managing the end-to-end transaction cycle, ensuring accurate financial entries, and coordinating with 1-link and SBP.
 
 
 
 
 
 
 Eligibility Criteria:
 
 
 
 Bachelor&rsquo;s in Commerce/Finance (Master&rsquo;s preferred). 1-2 years experience in Settlement &amp; Reconciliation within a Bank, EMI, or Microfinance setup. Hands-on exposure to RAAST, 1-Link, and RTGS/Clearing. Strong grip on double entry accounting and voucher preparation.
 
 
 
 
 
 
 Key Responsibilities:
 
 
 <ul>
 <li>
 Manage daily settlements for RAAST P2P and 1-Link channels (PayPak, ATM, IBFT, Bill Payments) with zero processing delays.
 </li>
 <li>
 Perform daily reconciliation of internal systems against clearing reports from 1-Link and SBP RAAST portal.
 </li>
 <li>
 Monitor the end-to-end transaction lifecycle to identify and resolve stuck or failed transactions promptly.
 </li>
 <li>
 Utilize core banking and payment systems to track real-time settlement flows.
 </li>
 <li>
 Prepare accurate accounting entries, including Bank Payment/Receipt Vouchers and Journal Vouchers (JVs) for all settlement activities.
 </li>
 <li>
 Handle clearing operations and ensure timely execution of high-value interbank transfers (RTGS).
 </li>
 <li>
 Coordinate with internal and external stakeholders to resolve discrepancies and follow up on outstanding settlement items.
 </li>
 </ul>
</div>

Reconciliation Officer

Bank Nizwa

<div>
 
 
 Job Purpose
 
 
 
 
 
 
 To ensure efficient processing, monitoring, and settlement of Treasury and Investment transactions, with a strong focus on investment activities, portfolio monitoring, and compliance with bank policies and regulatory requirements.
 
 
 
 
 
 
 Main Tasks &amp; Accountabilities
 
 
 
 
 
 <ul>
 <li>
 Process and monitor Treasury and Investment transactions including FX, Money Market, Sukuk, Equities, and other investment products.
 </li>
 <li>
 Handle end-to-end settlement of investment deals (Sukuk, equities, funds, IPOs, structured deals) through SWIFT, custodians, and payment systems.
 </li>
 <li>
 Handling IPO subscriptions, fund investments, and structured investment transactions.
 </li>
 <li>
 Prepare and update reports related to investment portfolio, positions, MTM, and operational MIS.
 </li>
 <li>
 Ensure timely settlement of treasury deals and payments through SWIFT, RTGS, ACH and other payment channels.
 </li>
 <li>
 Perform daily reconciliation of Nostro accounts and investment positions; investigate and resolve discrepancies.
 </li>
 <li>
 Monitor investment portfolio movements including MTM (Mark-to-Market), revaluation, and pricing updates.
 </li>
 <li>
 Coordinate with custodians (e.g., Euroclear) for settlement, corporate actions, and custody-related activities.
 </li>
 <li>
 Verify deal details and ensure proper matching of confirmations with counterparties and correspondent banks.
 </li>
 <li>
 Ensure all investment and treasury transactions are processed accurately and in compliance with internal policies, CBO regulations, and Sharia guidelines.
 </li>
 <li>
 Monitor cash flows related to investment activities and ensure timely funding and settlement.
 </li>
 <li>
 Investigate and resolve settlement breaks, failed trades, and operational and system enhancements related to investment operations.
 </li>
 <li>
 Participate in UAT testing for new systems or enhancements related to treasury and investment modules.
 </li>
 <li>
 Coordinate with Treasury Front Office, Finance, Risk, and Compliance to ensure smooth investment operations.
 </li>
 <li>
 Perform any other duties assigned by the unit head.
 </li>
 </ul>
 
 
 
 
 
 Education Level &ndash; Minimum
 
 
 
 Bachelor&rsquo;s Degree in Accounting
 
 
 
 
 
 
 Professional Qualifications/ Mandatory Licenses
 
 
 
 Professional banking or treasury related certifications are an advantage.
 
 
 
 
 
 
 Work Experience
 
 
 
 Minimum 3&ndash;5 years in Treasury / Investment Operations
 
 
 
 
 
 
 General Competencies
 
 
 <ul>
 <li>
 Strong knowledge in investment products (Sukuk, equities, funds)
 </li>
 <li>
 Understanding of settlement lifecycle &amp; custody processes
 </li>
 <li>
 Knowledge in MTM, revaluation, and portfolio monitoring
 </li>
 <li>
 Strong analytical and problem-solving skills
 </li>
 <li>
 Attention to detail and accuracy
 </li>
 <li>
 Ability to work under pressure
 </li>
 </ul>
</div>

Supervisor B - Treasury Operations

First Solution Management Services

Debt Recovery Officer / Collection AgentLocation: Lahore &amp; Islamabad only, PakistanEmployment Type: Full-TimeSalary: Based on Experience + Performance IncentivesAbout the CompanyFISO Connect (Pvt.) Ltd. is a part of First Solution Management Services (FSMS), a leading financial services and debt recovery organization headquartered in the United Arab Emirates.FISO Connect serves as the Pakistan-based operational arm of FSMS, extending the group&rsquo;s expertise in receivables management, debt collection, and financial recovery solutions for banks, financial institutions, and corporate clients. Through this partnership, FISO Connect brings international standards, proven processes, and industry best practices to the local market in Pakistan.Backed by FSMS&rsquo;s strong regional presence and reputation for excellence in the UAE, FISO Connect is committed to delivering professional, compliant, and results-driven recovery services. The company operates with a strong focus on ethical collection practices, regulatory compliance, and performance excellence.We foster a performance-driven culture that emphasizes career development, continuous learning, and employee recognition, empowering our teams to grow within a structured and high-performing environment.About the RoleWe are seeking motivated and results-driven Debt Recovery Officers to join our growing team in Lahore / Islamabad. The ideal candidate will be responsible for managing overdue accounts, negotiating repayment solutions, and ensuring timely recovery of outstanding debts while maintaining professionalism and compliance with company policies and local regulations.This role is ideal for individuals who are target-oriented, confident communicators, and capable of working in a fast-paced, performance-driven environment.Key Responsibilities<ul><li>Proactively contact customers via phone, email, and written communication to recover outstanding payments</li><li>Review and analyze customer accounts to identify overdue balances</li><li>Negotiate structured repayment plans and settlement agreements within company policies</li><li>Monitor payment commitments and follow up to ensure timely settlement</li><li>Maintain accurate documentation of all collection activities in the system</li><li>Escalate complex cases when necessary</li><li>Ensure compliance with applicable laws, company policies, and ethical collection standards</li><li>Deliver professional and respectful customer service at all times</li></ul>Candidate Requirements<ul><li>Bachelor&rsquo;s Degree (required)</li><li>Proven experience in debt collection, telesales, banking, or financial services is preferred</li><li>Strong negotiation and persuasion skills</li><li>Target-driven mindset with ability to handle performance pressure</li><li>Excellent verbal and written communication skills</li><li>Strong problem-solving and conflict resolution abilities</li><li>Ability to meet deadlines and manage time effectively</li><li>Professional attitude with high integrity</li></ul>What We Offer<ul><li>Competitive salary package with performance incentives</li><li>Career growth opportunities within a reputable financial services organization</li><li>Professional training and development</li><li>Supportive and structured work environment</li><li>Opportunity to work with leading financial institutions and corporate clients</li></ul>Work Location: In person

Debt Collection Officer

Confidential

<div>
 
 Our client in the insurance sector is looking to hire an Omani candidate for the Operations Officer role. The person acts as the central operational control and governance authority for all Scheme-related activities, ensuring seamless integration across underwriting, claims, technical accounts, data management, and financial settlement.
 
 
 
 
 
 The role is accountable for end-to-end Scheme execution, ensuring operations are accurate, compliant, controlled, and scalable, while safeguarding Oman Re&rsquo;s financial and operational integrity.
 
 
 
 
 
 
 Key objectives include:
 
 
 
 
 
 <ol>
 <li>
 Ensuring alignment between insurers, Oman Re, and system platforms
 </li>
 <li>
 Enforcing compliance with underwriting terms, Delegation of Authority Limits (DAL), and operational procedures
 </li>
 <li>
 Maintaining data accuracy, financial integrity, and reporting reliability
 </li>
 <li>
 Strengthening claims governance and validation controls
 </li>
 <li>
 Driving continuous improvement, automation, and operational efficiency
 </li>
 </ol>
 
 
 
 
 
 Key Accountabilities &amp; Responsibilities
 
 
 
 End-to-End Scheme Process Ownership
 
 <ul>
 <li>
 Own full Scheme lifecycle (policy, data, bordereaux, claims, SOA, settlement)
 </li>
 <li>
 Act as the single point of operational accountability for Scheme execution
 </li>
 <li>
 Ensure adherence to operational procedures
 </li>
 <li>
 Identify and formally document process gaps with remediation plans
 </li>
 <li>
 Standardize processes across insurers
 </li>
 </ul>
 
 
 
 
 Underwriting Governance
 
 <ul>
 <li>
 Ensure compliance with underwriting terms and eligibility
 </li>
 <li>
 Validate underwriting data accuracy, completeness, and consistency
 </li>
 <li>
 Coordinate with insurers&rsquo; underwriting teams to resolve discrepancies
 </li>
 <li>
 Identify and escalate underwriting leakage, misreporting, or non-compliance
 </li>
 </ul>
 
 
 
 
 Claims Governance &amp; Oversight
 
 <ul>
 <li>
 Govern and validate the full claims lifecycle Ensure DAL compliance
 </li>
 <li>
 Validate claims bordereaux
 </li>
 <li>
 Monitor claims trends, accumulation risks, and exposure developments
 </li>
 <li>
 Escalate major claims, exceptions, and breaches in line with governance protocols
 </li>
 </ul>
 
 
 
 
 Data Governance &amp; Reporting
 
 <ul>
 <li>
 Establish and enforce data standards across all Scheme participants
 </li>
 <li>
 Ensure accuracy, completeness, and consistency of all submitted data
 </li>
 <li>
 Perform reconciliations across:
 </li>
 <li>
 Bordereaux submissions
 </li>
 <li>
 Claims data
 </li>
 <li>
 Financial records
 </li>
 <li>
 Lead development of automated dashboards and reporting frameworks
 </li>
 <li>
 Ensure timely, accurate, and reliable MIS reporting for Management and Regulators
 </li>
 </ul>
 
 
 
 
 Technical Accounts Oversight
 
 <ul>
 <li>
 Oversee the full Statement of Account (SOA) lifecycle
 </li>
 <li>
 Ensure accurate booking of premiums, claims, commissions, and adjustments
 </li>
 <li>
 Validate financial integrity prior to settlement approval
 </li>
 <li>
 Coordinate with Credit Control on collections and outstanding balances
 </li>
 <li>
 Identify and resolve discrepancies impacting financial reporting and cash flow
 </li>
 </ul>
 
 
 
 
 Stakeholder Management and Coordination
 
 <ul>
 <li>
 Act as the primary operational interface between:
 </li>
 <li>
 Insurers
 </li>
 <li>
 Internal teams (Claims, TAD, Underwriting, Finance, IT)
 </li>
 <li>
 Enforce bordereaux submission timelines and compliance standards
 </li>
 <li>
 Lead operational meetings, workshops, and follow-ups
 </li>
 <li>
 Drive alignment on processes, controls, and reporting expectations
 </li>
 </ul>
 
 
 
 
 Controls, Compliance &amp; Audit
 
 <ul>
 <li>
 Design and implement operational controls across the Scheme
 </li>
 <li>
 Ensure compliance with internal policies, DAL, and regulatory requirements
 </li>
 <li>
 Maintain full audit trails and documentation for all processes
 </li>
 <li>
 Manage exceptions, breaches, and corrective actions
 </li>
 <li>
 Support Internal Audit, Risk, and Compliance reviews
 </li>
 </ul>
 
 
 
 
 Automation &amp; Transformation
 
 <ul>
 <li>
 Drive automation initiatives across Scheme operations
 </li>
 <li>
 Collaborate with IT to enhance system integration (OMS, DMS, Data Warehouse)
 </li>
 <li>
 Implement real-time dashboards and monitoring tools
 </li>
 <li>
 Reduce manual processes and improve turnaround times
 </li>
 <li>
 Support digital transformation initiatives within Operational Services
 </li>
 </ul>
 
 
 
 
 
 Qualifications &amp; Experience
 
 
 <ul>
 <li>
 Bachelor&rsquo;s Degree in Insurance, Business, Finance, or related field
 </li>
 <li>
 8&ndash;12 years of experience in direct insurance operations
 </li>
 <li>
 Proven experience in:
 </li>
 <li>
 Underwriting and Claims (mandatory)
 </li>
 <li>
 Reinsurance operations and Technical Accounts (preferred)
 </li>
 <li>
 Strong exposure to bordereaux management, claims governance, and financial reconciliation
 </li>
 <li>
 Experience with operational systems, data platforms, and reporting tools
 </li>
 <li>
 Experience in regulatory reporting
 </li>
 <li>
 Experience in Motor Insurance is an advantage
 </li>
 </ul>
 
 
 Competencies
 
 
 <ul>
 <li>
 
 Technical Competencies
 
 Underwriting &amp; Policy Validation
 </li>
 <li>
 Claims Management &amp; Governance
 </li>
 <li>
 Reinsurance &amp; Treaty Operations
 </li>
 <li>
 Technical Accounting &amp; SOA Management
 </li>
 <li>
 Data Analysis &amp; Reporting (Power BI / DAX preferred)
 </li>
 <li>
 
 Behavioral Competencies
 
 Strategic Thinking
 </li>
 <li>
 Analytical Ability
 </li>
 <li>
 Risk Management
 </li>
 <li>
 Decision Making
 </li>
 <li>
 Communication &amp; Stakeholder Management
 </li>
 <li>
 Accountability &amp; Ownership
 </li>
 </ul>
 
 
 Working Relationships
 
 
 <ul>
 <li>
 Internal: Claims, TAD, Underwriting, Credit Control, IT
 </li>
 <li>
 External: Insurers, Surveyors, Regulators
 </li>
 </ul>
 
 
</div>

Operations Officer

First Chicago Insurance Company

<div>Are you unhappy at your present job?
Are you going nowhere in your current position?
Is it time for a change? 
Are you an experienced Auto Bodily Injury Claims Specialist looking to join a growing company where you will be rewarded for your hard work, and have future upward career growth opportunities? 
If you answered YES to the above, it's time to talk to First Chicago Insurance Company!
We offer:
<ul><li>Competitive Salaries</li><li>
Excellent benefits</li><li>
Growth opportunities!</li></ul>
Apply only if you consider yourself a career professional who loves to work, because we work hard here! 
If you are an experienced AUTO CLAIMS PROFESSIONAL (with many years of auto and especially nonstandard auto related experience) we'll make sure you are COMPENSATED AS A PROFESSIONAL!! 
We are seeking an experienced Auto Bodily Injury Claims Specialist!
The Auto Bodily Injury Claims Specialist will be responsible for investigating and settlement of automobile bodily injury claims. They will settle complex liability claims which require greater investigation and verification, as well as casualty claims including severe injuries which may result in extended disability or bodily injury as well as coverage related litigation. 
DUTIES &amp; RESPONSIBILITIES:<ul><li>
Review &amp; determine course of action on each file assigned, utilizing technical knowledge &amp; experience for the purpose of supporting final disposition of a loss</li><li>
Conduct thorough investigations and keep accurate and relevant documentation of file activity on each claim assigned including coverage, liability status, and damages that are applicable for each claim</li><li>
Process Bodily Injury, and coverage claims in accordance with established office procedures</li><li>
Work closely with Third Parties, plaintiff counsel, Claim Director and Chief</li><li>
Operating Officer to determine necessary injury and coverage investigation</li><li>
Research case and statutory law in order to conduct proper claim investigation</li><li>
Document policy status, coverage, liability and damages on all claims and notify re-insurer on qualifying claims</li><li>
Prepare and present claim evaluations for the appropriate settlement authority</li><li>
Maintain reasonable expense factors</li><li>
Handle other duties as assigned</li></ul> 
QUALIFICATIONS REQUIRED:<ul><li>
3-5 Years in Auto Casualty claims experience a MUST!</li><li>
Non-Standard Auto Claims experience preferred, not required</li><li>
Minimum 5 years of Auto Bodily Injury Casualty experience to be considered hybrid/remote</li><li>
Knowledge of legal and medical terminology</li><li>
Excellent negotiation, communication, written, organizational and interpersonal skills</li><li>
Ability to pass written examinations where required by state statutes to become a licensed claims adjuster</li><li>
Proficiency in Microsoft Office products</li></ul> 
First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:<ul><li>
Competitive Salaries</li><li>
Commitment to your Training &amp; Development</li><li>
Medical and Dental and Vision Reimbursement</li><li>
Short Term Disability/Long Term Disability</li><li>
Life Insurance</li><li>
Flexible Spending Account</li><li>
Telemedicine Benefit</li><li>
401k with a generous company match</li><li>
Paid Time Off and Paid Holidays</li><li>
Tuition Reimbursement
</li><li>Wellness Program</li><li>
Fun company sponsored events</li><li>
And so much more!</li></ul> 
Estimated Compensation Range: $54,750/year-$97,500/year*<ul><li>Published ranges are estimates</li></ul></div>

Auto Casualty Claims Specialist

<div>Are you unhappy at your present job?
Are you going nowhere in your current position?
Is it time for a change? 
Are you an experienced Auto Bodily Injury Claims Specialist looking to join a growing company where you will be rewarded for your hard work, and have future upward career growth opportunities? 
If you answered YES to the above, it's time to talk to First Chicago Insurance Company!
We offer:
<ul><li>Competitive Salaries</li><li>
Excellent benefits</li><li>
Growth opportunities!</li></ul>
Apply only if you consider yourself a career professional who loves to work, because we work hard here! 
If you are an experienced AUTO CLAIMS PROFESSIONAL (with many years of auto and especially non-standard auto related experience) we'll make sure you are COMPENSATED AS A PROFESSIONAL!! 
We are seeking an experienced Auto Bodily Injury Claims Specialist!
The Auto Bodily Injury Claims Specialist will be responsible for investigating and settlement of automobile bodily injury claims. They will settle complex liability claims which require greater investigation and verification, as well as casualty claims including severe injuries which may result in extended disability or bodily injury as well as coverage related litigation. 
DUTIES &amp; RESPONSIBILITIES:<ul><li>
Review &amp; determine course of action on each file assigned, utilizing technical knowledge &amp; experience for the purpose of supporting final disposition of a loss</li><li>
Conduct thorough investigations and keep accurate and relevant documentation of file activity on each claim assigned including coverage, liability status, and damages that are applicable for each claim</li><li>
Process Bodily Injury, and coverage claims in accordance with established office procedures</li><li>
Work closely with Third Parties, plaintiff counsel, Claim Director and Chief</li><li>
Operating Officer to determine necessary injury and coverage investigation</li><li>
Research case and statutory law in order to conduct proper claim investigation</li><li>
Document policy status, coverage, liability and damages on all claims and notify re-insurer on qualifying claims</li><li>
Prepare and present claim evaluations for the appropriate settlement authority</li><li>
Maintain reasonable expense factors</li><li>
Handle other duties as assigned</li></ul> 
QUALIFICATIONS REQUIRED:<ul><li>
3-5 Years in Auto Casualty claims experience a MUST!</li><li>
Non-Standard Auto Claims experience preferred, not required</li><li>
Minimum 5 years of Auto Bodily Injury Casualty experience to be considered hybrid/remote</li><li>
Knowledge of legal and medical terminology</li><li>
Excellent negotiation, communication, written, organizational and interpersonal skills</li><li>
Ability to pass written examinations where required by state statutes to become a licensed claims adjuster</li><li>
Proficiency in Microsoft Office products</li></ul> 
First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:<ul><li>
Competitive Salaries</li><li>
Commitment to your Training &amp; Development</li><li>
Medical and Dental and Vision Reimbursement</li><li>
Short Term Disability/Long Term Disability</li><li>
Life Insurance</li><li>
Flexible Spending Account</li><li>
Telemedicine Benefit</li><li>
401k with a generous company match</li><li>
Paid Time Off and Paid Holidays</li><li>
Tuition Reimbursement
</li><li>Wellness Program</li><li>
Fun company sponsored events</li><li>
And so much more!</li></ul> 
Estimated Compensation Range: $54,750/year-$97,500/year*<ul><li>Published ranges are estimates</li></ul></div>

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2226 settlement officer jobs Near Me

Reconciliation Officer

Supervisor B - Treasury Operations

Debt Collection Officer

Operations Officer

Auto Casualty Claims Specialist

Auto Casualty Claims Specialist

Auto Casualty Claims Specialist