Payments and Receipts Processing Specialist

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Payments and Receipts Processing Specialist

No. of Resource:- 01
Availability:- Immediate
Location:- Abu Dhabi
Industry:- Finance
Email:- hr@staffconnect.ae
WhatsApp:- +971 529421270

Job Summary

We are seeking a detail-oriented and experienced professional to join our team as a Payments and Receipts Processing Specialist. The ideal candidate will be responsible for managing and optimizing payment and receipt processes, ensuring accuracy, compliance, and efficiency.

Key Responsibilities

Payments Processing

• Handle the end-to-end processing of payments, including vendor payments, refunds, and interbank transfers.
• Verify transaction details, ensure compliance with policies, and troubleshoot payment issues. Reconcile payment data and resolve discrepancies in a timely manner.

Receipts Processing

• Accurately record incoming payments, including checks, online transfers, and cash deposits.
• Ensure timely allocation of receipts to respective accounts and customers.
• Collaborate with clients and internal teams to address any receipt-related queries.

Reconciliation

• Perform daily, weekly, and monthly reconciliations of payment and receipt transactions.
• Maintain accurate records and support the preparation of financial reports.

Compliance and Documentation

• Ensure adherence to financial regulations and company policies during payment and receipt processing.
• Maintain proper documentation for all transactions for auditing and reporting purposes.

Collaboration and Support

• Work closely with finance, accounting, and operations teams to streamline payment workflows.
• Provide support during audits and assist in resolving financial discrepancies.

Qualifications and Skills

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, or related field.

Experience

• 2 plus years of experience in payments and receipts processing or a similar role.
• Strong knowledge of financial systems and payment platforms (e.g., SAP, Oracle, or equivalent).

Skills

• Excellent analytical and problem-solving skills.
• Proficiency in MS Excel and financial reconciliation tools.
• Strong attention to detail and ability to work under pressure.
• Effective communication and interpersonal skills.

Preferred Qualifications

• Experience in banking and corporate finance.
• Familiarity with international payment systems (e.g., SWIFT, ACH).
• Knowledge of regulatory compliance for financial transactions.