Assistant Manager Centralized Payments

4 weeks ago

Karachi, Sindh, Pakistan Mashreq Full time
Assistant Manager Centralized Payments (Mashreq Digital Bank Pakistan)Assistant Manager Centralized Payments (Mashreq Digital Bank Pakistan)

Looking for an experienced individual to join our Finance team as an Assistant Manager, Payments & Fixed Assets. The ideal candidate will be responsible for providing support in managing all payments relating to external vendors and reimbursement to staff. He will also assist in the implementation and maintenance of Oracle Payable / Fixed Assets modules.

Key Result Areas

System Implementation

  • Assist in the implementation of Oracle Accounts Payable. Collaborate with IT team to ensure seamless integration with Core Banking and overall infrastructure. Understand configuration requirements in Oracle Financials modules namely, Accounts Payable, Fixed Assets, Expense.
  • Actively participates in UATs and authentication of correct results for implementation.

Payments & Fixed Assets

  • Responsible for processing the payments to external suppliers of goods and services forming part of Admin Expenses based on approval as per Authority Delegation of the entity. Maintain TAT for invoice processing.
  • Process all payments related to the staff forming part of cost in line with HR Policies e.g. Reimbursement of expenses incurred for Companies' business, duly authorized as per Authority Delegation Manual.
  • Responsible for timely recording of accounting transactions related to payments made to external suppliers and staff in Oracle Financials (Accounts Payable, Fixed Asset, General Ledger), HRMS, WPS, I-flex in line with accounting policies under Chart of Accounts.
  • Ensure all payment approvals received / processed for genuineness, proper authority, HR Policies, matching of PO with invoices, duplication of payments, accuracy, correct recording in order to avoid inherent financial risks. Also ensure correctness / appropriateness of month end provisions and cost allocations.
  • Reconciliation and Management of various suspense accounts e.g. Prepaid Expenses, Advance for Work & Purchases, Advance to Suppliers, Recoverable from staff & others and ensure regular follow-up and timely settlement avoiding inherent risks.
  • Assist in the management of Fixed Assets / Intangible books including Capitalization and Depreciation/ Amortization.
  • Assist in managing the WHT deductions, Sales Tax withholding pertaining to the payments and keep abreast of the changes in the requirements and implement them.
  • Coordinate with Admin / IT for review of cost booked in Project accounts for their reclassification as Fixed Asset / Capitalized Expenditure / Expenses.

Knowledge, Skills and Experience

  • The incumbent should be Graduate with minimum 5-6 years of work experience with good knowledge of accounting rules, Policies & Procedures of Bank and analytical skills in the field of accounting.
  • Knowledge of systems – Flexcube, Oracle ERP and Oracle GL.
  • He should have excellent inter-personal and written / spoken communication skills.
  • Proven ability to work effectively in a fast-paced environment and manage multiple priorities.
  • Strong problem-solving skills and a proactive approach to identifying and addressing issues.
Seniority level
  • Seniority levelAssociate
Employment type
  • Employment typeFull-time
Job function
  • Job functionFinance
  • IndustriesBanking

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