Payments Process Executive
1 day ago
We are looking for a detail-oriented and reliable professional to manage and oversee the payments process within the accounts/finance team. The role involves ensuring accurate, timely, and compliant processing of payments, optimizing payment workflows, and maintaining strong relationships with internal and external stakeholders.
**Key Responsibilities**:
- **Payment Operations**:
- Process and review vendor invoices, employee reimbursements, and other payment requests.
- Verify and ensure proper approvals and documentation for all payment transactions.
- Execute domestic and international payments through various banking platforms.
- **Reconciliation & Record Management**:
- Perform regular reconciliations of bank accounts and payment systems.
- Maintain accurate and up-to-date payment records in the accounting system.
- **Compliance & Risk Management**:
- Ensure compliance with internal financial policies, tax regulations, and external payment laws.
- Monitor and address any fraudulent transactions or irregularities in the payment process.
- **System Optimization & Process Improvement**:
- Identify inefficiencies in payment workflows and implement process improvements.
- Assist in implementing and optimizing payment-related tools and software.
- **Stakeholder Coordination**:
- Coordinate with vendors, banks, and internal teams to address payment-related inquiries.
- Resolve payment disputes and discrepancies effectively.
- **Reporting & Analysis**:
- Prepare periodic reports on payment activities, cash flow, and pending invoices.
- Analyze payment trends and recommend strategies to enhance efficiency.
**Qualifications & Skills**:
- Bachelor’s degree in Finance, Accounting, or related field (preferred).
- 1 year of experience in payments processing, accounts payable, or treasury operations.
- Knowledge of payment systems, banking platforms, and accounting software (e.g., SAP, Oracle, Tally, etc.).
- Strong understanding of financial regulations, taxes, and compliance requirements.
- Excellent organizational and problem-solving skills with keen attention to detail.
- Strong communication skills to manage relationships with vendors and stakeholders.
**Key Competencies**:
- Ability to work in a fast-paced environment and manage tight deadlines.
- Proficiency in Microsoft Excel and other financial tools.
- High level of integrity and confidentiality in handling financial data.
**Job Types**: Full-time, Permanent
Pay: From AED2,500.00 per month
**Experience**:
- Payments Process: 1 year (required)
**Language**:
- Hindi (required)
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