Payment Processor
ADIB · United Arab Emirates
Role : Payment Processor
Location : Abu Dhabi
KEY METRICS:
• Invoice Payment Error Rate: <1% of invoice volumes
• Expenses Booking Error Rate: <1% of invoice volumes
• Invoice Processing TAT: < 5 working days
• Query Response TAT: < 5 working days
Key Accountabilities of the role
1- Payment Processing:
a. Process payments / staff expenses within the agreed SLA (5 working days)
b. Ensure payments / expenses are processed accurately and correctly to proper GLs and cost centers and correct GL coding
c. Process payments accurately 99% accuracy levels
d. Ensure all payments processed are suitably approved
e. Ensure all payments / staff expenses processed are within policy
f. SAP Arabia clearing all the exceptions
2- Reconciliation and Control
a. Reconciliation of GL accounts under ownership of FCD AP
b. Reconciliation activities for control purposes
c. Monitor and reconcile CWIP
d. Closely Monitoring Cash advance and liquidated
e. FCD Map Reconciliation
3- Month end activities
a. End of month closing: post-closing entries (monthly & yearly) for prepaid & accrued general expenses and reconcile them with GL.
b. Posting all journal vouchers with proper tracking
c. Monitoring expenses according to the providing details by business
4- Query Resolution
Respond to payment related queries within the agreed TAT
5- Reporting:
Miscellaneous on demand reports and analysis
6- Other duties assigned by the Line Manager .
Specialist Skills / Technical Knowledge Required for this role:
Accounting Background
Excel knowledge
ERP (Oracle / SAP)
Financial Services industry
Finance or Operations