RAAST Reconciliation & Settlement Officer

Halan Microfinance Bank; Karachi Division; On-site; PKR 900,000 - 1,700,000; Full time

Job summary

Halan Microfinance Bank is seeking a Settlement & Reconciliation professional to manage end-to-end transaction cycles and ensure accurate financial entries within Pakistan's digital payments landscape, with focus on RAAST and 1-Link.

You will coordinate with 1-Link and SBP, perform daily reconciliations, and generate vouchers and journal entries while maintaining real-time settlement flows across core banking systems.

Qualifications

• Bachelor's degree in Commerce, Finance, or related field mandatory; Master's preferred.
• Currently in Settlement & Reconciliation role (bank/EMI/microfinance bank) desirable.
• Hands-on experience with RAAST, 1-Link, and RTGS/Clearing processes.
• Strong understanding of double-entry bookkeeping, account entries, and voucher preparation.

Responsibilities

• Settlement Management: Handle daily settlements for RAAST P2P and 1-Link (Paypak, ATM, IBFT, Bill Payments).
• Reconciliation: Daily reconciliation of internal systems with clearing reports (1-Link, SBP RAAST portal).
• Transaction Cycle: Maintain understanding of transaction lifecycle to resolve stuck or failed payments.
• System Knowledge: Use core banking/payment systems to monitor real-time settlement flows.
• Accounting & Vouchers: Prepare accurate accounting entries and generate Bank Payment/Receipt Vouchers and Journal Vouchers.

Skills

Settlement & Reconciliation

Double-entry bookkeeping

Voucher preparation

Transaction lifecycle

Education

Bachelor's degree in Commerce/Finance

Master's degree preferred

Tools

RAAST

1-Link

RTGS/Clearing

Job description

The purpose of this role is to manage the end-to-end transaction cycle, ensuring accurate financial entries, and coordinating with 1-link and SBP. The candidate must have a solid grasp of the digital payment landscape in Pakistan, specifically RAAST and 1-Link platforms.

Qualification & Experience

• Bachelor's degree in Commerce, Finance, or related field is mandatory. Master's degree will be preferred.
• Currently working in a Settlement & Reconciliation role (preferably in a Bank, EMI, or Microfinance Bank).
• Hands-on experience with RAAST, 1-Link, and RTGS/Clearing processes.
• Strong understanding of double-entry bookkeeping, account entries, and voucher preparation

Key Responsibilities

• Settlement Management: Handle daily settlements for RAAST P2Pand 1-Link (Paypak,ATM, IBFT, Bill Payments) ensuring zero-lag in the process.
• Reconciliation: Perform daily reconciliation of internal systems with clearing reports (1-Link, SBP RAAST portal).
• Transaction Cycle: Maintain a deep understanding of the transaction lifecycle to identify and resolve any stuck or failed payments.
• System Knowledge: Utilize core banking/payment systems to monitor real-time settlement flows.
• Accounting & Vouchers: Prepare accurate accounting entries and generate Bank Payment/Receipt Vouchers and Journal Vouchers (JV) for all settlement activities.
• Clearing & RTGS: Manage the clearing process and ensure timely transfers for high-value interbank settlements.
• Dispute Handling: Coordinate with stakeholders to resolve settlement discrepancies and follow up on outstanding items.