Key Responsibilities:

• Payments Processing:
• Process all domestic and international payments, ensuring timely and accurate execution.
• Verify payment requests against approved documentation and authorization limits.
• Maintain accurate records of all payment transactions.
• Verify the bank details with supplier as per the “supplier verification policy mention in the SOP”
• Petty Cash / Company Card:
• Company card should be funded based on the requirements of the operations.
• Responsible for all the head office DXB petty cash management and reconciliation.
• Cash Flow Management:
• Prepare daily, weekly, and monthly cash flow forecasts.
• Monitor cash balances and optimize liquidity.
• Maintain post-dated cheques register.
• Identify potential cash shortages or surpluses and take proactive measures.
• Manage bank relationships and negotiate favourable terms.
• Bank KYC and Relationship Management:
• Maintain updated Know Your Customer (KYC) documentation for all bank accounts.
• Coordinate with relationship managers to resolve any banking issues or inquiries.
• Ensure compliance with regulatory requirements and internal policies.
• Financial Reporting:
• Prepare regular financial reports on cash positions, bank balances, and payment activities.
• Provide timely and accurate financial information to management.
• Risk Management:
• Identify and assess potential financial risks, such as fraud and operational risks.
• Implement controls to mitigate risks and protect the company's assets.
• Confidentiality:
• Maintain strict confidentiality of bank balances, payment information, company documents and other sensitive financial data.