Officer - Payments - 23000361
United Arab Emirates
Closing Date: May 19th 2023
MAIN OBJECTIVE OF ROLE
Responsible for timely and accurate payment processing for approved invoices
and updating bank details. Coordinates with internal and external stakeholders
to ensure timely payment of vendor invoices. Also responsible for resolving
payment discrepancies and maintaining accurate payment records.
KEY RESPONSIBILITIES
1. Conducts proper control checks on the invoice approvals selected for
payment runs and ensures timely processing of payment batches.
2. Ensures that all invoices are approved for payment and vendor payment
credit term is followed.
3. Coordinates with internal stakeholders to obtain necessary approvals for
payment.
4. Coordinates and confirms payment bank details of vendors are properly
registered with appropriate checks.
5. Responsible for liaising with treasury team for funds arrangement,
currency of payment and approvals and clearances of payments to specific
countries, beneficiaries etc.
6. Coordinates with the treasury team on responses to payments held back by
banks for compliance checks and policy procedures.
7. Prepares and submits reports as necessary and works on resolving payment
discrepancies.
8. Prepares payment reports, meets with the employees on issues and assists
in matters of resolution of issues.
9. Responds to payment inquiries from vendors, business, and management with
related to payments.
10. Maintains accurate payment records in line with the accounting policies.
Ensures compliance with treasury requirements to process payments via specific
banks and country requirements as advised from time to time.
11. Ensures corporate card issuance, limit increases and management is
performed in line with the company policies.
12. Coordinates with the internal team and external vendors to obtain the
necessary documents to process payments in a timely manner.
MINIMUM QUALIFICATIONS / EXPERIENCE/ KNOWLEDGE / SKILLS*
Minimum Education
* Bachelor 's Degree (or Equivalent) in Accounting, Finance, or related field
Experience Specific Requirements
* Preferred No. of Years (with Relevant Degree) - 3
**__Systems, Licensing, Language or Certification Requirements*
* Knowledge of Oracle ERP System would be preferred
* Proficiency in Microsoft Excel and other accounting software
CORE COMPETENCIES
* Team work
* Effective Communication
* Personal Accountability & Commitment to achieve
* Resilience and Flexibility (Can do attitude)
* Strategic Thinking
ISR Requirements
Reads and complies with the ISR policies of the Company and diligently reports
any weakness or incidents to the respective Line Manager or the Information
Security team. Completes all required ISR awareness sessions and follows
associated guidelines in the day to day business operations.
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