Key Responsibilities
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Properly validate all payment vouchers.
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Maintain a daily, weekly, and monthly detailed Vendors’ Tracker.
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Ensure that all expenses are supported by original invoices, receipts, and delivery notes.
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Track and accurately record staff claims, ensuring they are accounted for within agreed timelines.
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Ensure all payments are made in line with the approved Delegated Authority.
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Ensure all payments are made to the vendor as per the name that appears on the invoice.
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Maintain IFRS 16 schedules for all bank-leased assets, ensuring up-to-date schedules with accurate lease period and rate, and perform monthly reconciliations.
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Ensure compliance with all requirements of the procurement policy and any other operating instructions regarding the payments process.
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Identify and report all exceptions to noncompliance with standard controls relating to established procedures and the operational risk framework.
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Prepare monthly, weekly, and daily reconciliations of General Ledger accounts as per the reconciliation matrix.
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Ensure the bank’s Fixed Assets are capitalized in compliance with Cairo Bank Accounting Policies.
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Reconcile Excise Duty, Withholding Tax, and VAT control accounts, and ensure all collected taxes are remitted to the tax authorities.
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Provide a weekly report to the Financial Controller (FC) and Chief Financial Officer (CFO) summarizing payments to assist in monitoring operating expenditures.
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Ensure safe custody of payment invoices, vouchers, and any other supporting information for audit trail purposes.
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Ensure all payments are journalized and captured in the General Ledger.
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Support the Financial Controller to ensure that depreciation expense is properly calculated and agrees with the Balance Sheet and Trial Balance.
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Tag new fixed assets and track fixed asset movements between functions and branches.
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Perform any other matters as assigned.
Education
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University degree, preferably in Business or Accounting, coupled with full professional accounting qualifications, e.g., CPA, ACCA, or CIMA.
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At least 2 years’ experience in processing payments in the financial services industry.
Experience
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At least 2–3 years of experience in processing payments in the financial services industry.
Skills and Competencies
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High level of computer literacy and understanding of business computing environments.
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Comprehensive understanding of banking practice and theory in operating systems and internal reporting requirements.
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Strong analytical skills and an eye for detail.
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Interpersonal skills.
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Stakeholder management.
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Negotiation skills.
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Creativity and passion for business development.
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Proactive and decisive.
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Knowledge of advanced Excel applications.
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Superior judgment to assess the impact of payment processing delays on business activities and performance, and the bank’s reputation, including penalties.
