JOB SUMMARY / INTRODUCTION
Providing specialist advice and assistance across the organisation on a range of policy, procedural, governance matter related to Payroll & Payments; which will include implementation & continues improvement on the Pay Risk frame work aspect. Monitor the daily /monthly transaction and cost booking & develop disclosure for communicating with external and internal Auditor.
KEY RESPONSIBILITIES
Payroll & Payments Governance
- Manages and performs Payroll accounting and GL booking activities for UAE, KSA, Bahrain, Kuwait and Oman, which includes the preparation and review of journal entries, review of all general ledger postings, reconciliation of bank accounts and reconciliation of sub-ledgers for all the daily/ monthly transactions as verifier
- Establishes and monitors internal controls to ensure accounting standards are met; develops and implements policies and procedures relating to accounting activities
- Coordinate with Group Finance and manage the month-end and year-end close process and prepares related reports
- Act as point of contact with Internal and External Auditors from Payroll Function. Prepare various payroll and accounting reports auditors for annual and ad-hoc audits. Responsible to maintain action plan for implementing audit recommendations
- Manage and implement the HR Payroll & Payment Risk Framework which include, RCSA, KRI, Standard Operating Procedures. Etc. & Report any risk incident as per the Bank internal guidelines and procedure
- Manage FAB Accounts with the 3rd party vendors including payment
- Manage & monitor the monthly provisions and amortization booking and ensure reflect the update relevant RC and period as per OE direction and finance budget YTD cost
- Monitor the Incentives, life and medical insurance payments, and keep tracking for costing and booking entries
- Monitor the Pension compliance dashboard, and identify any action plan for improvement/correction actions
Team Supervision
- Organise and supervise the work of the assigned team to ensure that all work within a specific area of the activity is carried out in an efficient manner, which is consistent with operating procedures and policy.
- Provide on-the-job training and constructive feedback to assigned team to support their overall development.
- Promote the organisation’s values and ethics in all activities within the team in order to support the establishment of a value drive culture within the bank.
- Strives to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
Policies, Systems, Processes & Procedures
- Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
Continuous Improvement
- Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction & check the system capabilities for accuracy, integrity and functionality for any potential enhancement
Customer Orientation
- The ability to identify current and future customers, understand their current and future needs and respond with relevant and creative solutions. Make FAB the preferred partner for customers and build long term relationships in the best interest of the Bank. A customer may be an external customer, or an internal customer/colleague within FAB.
Persuasion and Influence
- The ability to persuade and convince others to take actions beneficial to the Bank and customers. It involves the ability to clearly identify and understand situations, and then respond appropriately when interacting with individuals and groups.
Analyzing and solving problems
- Understanding problems by breaking them into smaller parts and identifying risk-return implications in a systematic way. Making logical comparisons of possible outcomes and coming up with the best possible solutions to problems.
Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
Authorised to take decisions as per the approved authorisation matrix.
REQUIREMENTS / QUALIFICATIONS
Minimum Qualification
Bachelor’s degree in HR/Finance or related discipline.
Minimum Experience
6 years & above with relevant experience in Payroll and finance function with at least 5 years in similar positions of progressively increasing managerial responsibilities.
Skills
Customer Orientation
Persuasion and Influence
Analyzing and solving problems
