Executive (Payments & Settlements)

Executive (Payments & Settlements) – Seylan Bank PLC

Job Overview

Seylan Bank PLC is seeking an experienced and detail-oriented professional for the position of Executive – Payments & Settlements (Digital Banking). The role is responsible for payment reconciliation, merchant settlement processing, transaction investigation, financial controls, and operational support within the bank’s digital banking environment.

Position Details

Job Title: Executive – Payments & Settlements (Digital Banking)
Company: Seylan Bank PLC
Industry: Banking & Financial Services
Employment Type: Full-time
Job Location: Colombo, Sri Lanka
Department: Digital Banking
Job Category: Banking & Insurance, Accounting & Finance, IT & Software, Private Jobs

Company Overview

Seylan Bank PLC is a licensed commercial bank in Sri Lanka with its Head Office in Colombo and an island-wide branch network. The bank provides a wide range of retail, corporate, digital banking, and financial services, with a strong focus on technology and digital transformation.

Qualifications & Experience

• 6–7 years of experience in Banking Operations, Digital Banking, Payments, Reconciliation, Settlement Processing, or Finance Operations.
• A Bachelor’s Degree in Finance, Accounting, Banking, Business Administration, Information Systems, or a related field will be an added advantage.
• Strong knowledge of CEFT payment operations, digital banking, and merchant settlement processes.
• Sound understanding of General Ledger reconciliation, accounting principles, and financial controls.
• Practical experience in payment reconciliation and settlement-related operations will be highly advantageous.
• Experience working with digital banking platforms or payment systems will be beneficial.

Key Responsibilities

• Perform daily reconciliation of CEFT outward transactions across digital banking platforms, core banking systems, General Ledger, and merchant settlement accounts.
• Ensure accurate and timely processing and settlement of merchant transactions in line with service level agreements.
• Identify, investigate, and resolve reconciliation discrepancies, including failed, duplicate, pending, and unmatched transactions.
• Reconcile suspense, settlement, and control accounts while ensuring the accuracy of accounting entries.
• Monitor merchant settlements and follow up to ensure timely completion of outstanding transactions.
• Prepare daily, monthly, and exception reconciliation reports, including ageing analysis and management reports.
• Coordinate with internal stakeholders and external payment partners to resolve reconciliation and settlement issues.
• Ensure compliance with operational procedures, internal controls, audit requirements, and regulatory guidelines.
• Support process improvements, automation initiatives, and system enhancement projects to improve operational efficiency.
• Provide operational support for digital payment products and perform additional responsibilities assigned by management.
• Finalize monthly sign-offs for all General Ledger accounts of the department.
• Supervise and review monthly income statements and variance reports.

Required Skills

• Advanced Microsoft Excel skills, including Pivot Tables, XLOOKUP/VLOOKUP, Power Query, and data analysis.
• Strong reconciliation and analytical skills.
• Excellent attention to detail and accuracy.
• Strong knowledge of payment processing and settlement operations.
• Good understanding of accounting principles and financial controls.
• Strong problem-solving and investigative abilities.
• Ability to identify and resolve transaction discrepancies efficiently.
• Ability to prioritize tasks and work accurately under strict deadlines.
• Strong communication and stakeholder management skills.
• Good teamwork and collaboration abilities.
• Ability to work effectively with internal departments and external payment partners.

Salary & Benefits

The advertisement does not specify the salary or detailed benefits package for this position. Compensation and benefits will be provided according to Seylan Bank PLC’s applicable employment terms and policies.

How to Apply

Interested candidates who meet the required qualifications and experience should send their CV along with a recently taken photograph to:

Email: careers@seylan.lk

Application Deadline: Within 7 days of the advertisement.

Applicants should clearly indicate the position applied for when submitting their application.

Important Notes

• This position is based in Colombo, Sri Lanka.
• Candidates should have 6–7 years of relevant experience in banking operations, digital banking, payments, reconciliation, settlement processing, or finance operations.
• A Bachelor’s Degree in a relevant field will be an added advantage.
• Strong knowledge of CEFT payment operations, digital banking, merchant settlements, and General Ledger reconciliation is required.
• Advanced Microsoft Excel knowledge, including Pivot Tables, XLOOKUP/VLOOKUP, Power Query, and data analysis, is expected.
• Candidates should have excellent analytical, reconciliation, and problem-solving skills.
• The successful candidate will work with internal stakeholders and external payment partners to resolve payment and settlement-related issues.
• Only shortlisted candidates will be contacted by Seylan Bank HR.