About the Role
The Payment Processor role is crucial for ensuring accurate and timely payment processing and financial reconciliation within the organization. This position is designed to uphold strict financial standards, handle expense reporting, and respond efficiently to inquiries. The successful candidate will manage payment processes, perform reconciliations, and support month-end activities, all while meeting key performance metrics to maintain the integrity of financial operations.
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Key Metrics
- Invoice Payment Error Rate: <1% of invoice volumes
- Expenses Booking Error Rate: <1% of invoice volumes
- Invoice Processing Turnaround Time (TAT): < 5 working days
- Query Response TAT: < 5 working days
Key Accountabilities of the Role
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Payment Processing
- Process payments and staff expenses within the agreed SLA (5 working days)
- Ensure payments and expenses are processed accurately to the proper General Ledgers (GLs) and cost centers with correct GL coding
- Maintain a 99% accuracy level in payment processing
- Ensure all processed payments are suitably approved and adhere to policy
- Clear all exceptions in SAP Arabia
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Reconciliation and Control
- Reconcile GL accounts under ownership of the Financial Transaction Processing department (FCD AP)
- Perform reconciliation activities for control purposes
- Monitor and reconcile Construction Work in Progress (CWIP)
- Monitor cash advances and liquidated amounts closely
- Conduct FCD Map Reconciliation
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Month-End Activities
- Handle end-of-month closing by posting monthly and yearly entries for prepaid and accrued general expenses, reconciling with GL
- Post all journal vouchers with proper tracking
- Monitor expenses according to the details provided by the business
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Query Resolution
- Respond to payment-related queries within the agreed TAT
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Reporting
- Generate miscellaneous on-demand reports and analyses
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Other Duties
- Perform other tasks as assigned by the Line Manager
Specialist Skills / Technical Knowledge Required for this Role
- Accounting background
- Proficiency in Excel
- Experience with ERP systems (Oracle / SAP)
- Knowledge of the financial services industry
- Background in finance or operations
