SeniorPaymentsSpecialist - 2682891

IslamicDevelopmentBank
  • SeniorPaymentsSpecialist Jobs in Saudi Arabia - 2682891

    IslamicDevelopmentBank
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2682891

Job Description

Participate in the development and implementation of actionable objectives, planning processes, budgets, and operational KPIs for the Division
Follow up and report on the Divisions on-going transactions and quality of its outputs and services, and identify and initiate proposalsactions for more improvements and innovations
Maintain productive and effective working relationships within IDB Group entities and with external bankspartners
Supervise the coordination with Financial Control Department (FCD) and other entities to manage disbursements & replenishments needs and follow-up IDB payment arrangements and understandings with financial institutions
Ensure timely and accurate execution of administrative and operational payments at all times
Consider and suggest ways and means to resolve difficult payments which generally involve delays andor high bank charges or commissions
Consider and suggest special arrangements for cash payments during seminarsexhibitions held abroad by IDB Group member independently or jointly with a local executing agency
Develop and enhance the LCs processes to ensure correctness and completeness of documentation for effecting payments
Work collaboratively with IDB various internal entities and external entities to address and resolve payments related issues
Monitor the application of established payment procedures and regulations
Prepare and present specialized reports on payment activities on regular bases
Develop and maintain effective banking relationships with correspondent banks
Monitor and follow up on new standardsregulations governing international payments and banking relationships
Coordinate replenishments needs with other IDB unitsentities
Ensure determination of minimum balances and replenishment requirements
Ensure proper and efficient implementation of payments transactions by reviewing and verifying sources and application of funds
Manage, update and maintain the database of banking relationships with all related details
Review periodically existing arrangements and cost of singlebulk payments and suggest possible improvements
Follow-up on the list of dormant accounts with FCD and initiate the process of closing accounts which are no longer required
Ensure effective monitoring on daily-bases of Treasury payment processing and ensuring the successful and smooth flow of work within the treasury teams is maintained and all deadlines are met
Provide quality inputs to all enquiries on receipt of payments by beneficiaries in a timely manner and perform the related follow up activities
Perform other duties related to administrative responsibilities as assigned by the immediate supervisor
Review and validate necessary documents regarding controls, procedures, and guidelines for handling payments
Develop and maintain overall systems and procedures for payments and banking relationships and recommend improvements or changes when deemed necessary for greater efficiency
Prepare and present periodical progress reports to keep the seniors fully aware of the latest activitiesdevelopments

Profile Summary

Type:Company Job

Eligibility:Master's degree

Role:Accounting/Banking/Fin ance

Industry:Shipping/Marine

Salary:Unspecified

Function:Purchase / Logistics / Supply Chain

Deadline:19th Feb 2025

Company Profile

Not Mentioned



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