Payments Processor

Abu Dhabi Islamic Bank; United Arab Emirates; On-site; AED 60,000 - 120,000; Full time

Job summary

A leading Islamic bank in the United Arab Emirates is seeking a skilled Payment Processor to manage timely and accurate payment processing and reconciliation. The ideal candidate will have an accounting background and proficiency in Excel, with responsibilities including ensuring accuracy in payment processing and responding to payment queries. This role offers an opportunity to engage in month-end activities and other assigned duties in a dynamic banking environment.

Qualifications

• Proven experience in payment processing and reconciliation activities.
• Familiarity with GL accounts and month-end activities.
• Ability to resolve payment-related queries efficiently.

Responsibilities

• Process payments within the agreed service level agreements (5 working days).
• Reconcile GL accounts and monitor cash advances.
• Respond to queries related to payments swiftly.

Skills

Payment processing

Accounting background

Excel knowledge

Job description

Role: Payment Processor

Location: Abu Dhabi

Role Purpose:
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

Payment Processing

• Process payments / staff expenses within the agreed SLA (5 working days)
• Ensure payments / expenses are processed accurately and correctly to proper GLs and cost centers and correct GL coding
• Process payments accurately 99% accuracy levels
• Ensure all payments processed are suitably approved
• Ensure all payments / staff expenses processed are within policy
• SAP Arabia clearing all the exceptions

Reconciliation and Control

• Reconciliation of GL accounts under ownership of FCD AP
• Reconciliation activities for control purposes
• Monitor and reconcile CWIP
• Closely Monitoring Cash advance and liquidated
• FCD Map Reconciliation

Month end activities

• End of month closing: post-closing entries (monthly & yearly) for prepaid & accrued general expenses and reconcile them with GL.
• Posting all journal vouchers with proper tracking
• Monitoring expenses according to the providing details by business

Query Resolution

Respond to payment related queries within the agreed TAT

Reporting

Miscellaneous on demand reports and analysis

Other duties

Other duties assigned by the Line Manager

Specialist Skills / Technical Knowledge Required for this role

• Accounting Background
• Excel knowledge