Senior Analyst - Accounts Payable

Job description / Role

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

As Senior Analyst you will provide support in meeting processing requirement for the whole Bank payments, ensuring compliance with Bank's policies and procedures and ensuring quality delivery and timely completion to support the Bank's payables activities

Responsibilities include but are not limited to the following:

- Manage the vendors on-boarding and approval process
- Automation, transformation and documentations for key processes
- Identify controls gaps and suggest remediation's to improve controls around the related processes and raise process maturity
- Perform root cause analysis for exceptions, errors and ageing items
- Contribute to systems upgrade and smooth implementation of ERP system
- Assist to prepare analysis of monthly expenses with explanation of the monthly movement
- Report duplications and errors to Head of Unit
- Review invoices for accuracy, supporting documentations and approvals
- Review invoices received from vendors and match to relevant purchase orders/contracts/business cases/memos
- Ensure invoices are VAT compliant before processing
- Create batches in ERP by inputting invoices and credit notes under respective vendor
- Create vendor payments templates in iBusiness for any invoices due for payment
- Ensure invoices and credit notes received daily are registered in the KPI listing
- Liaising with all business stakeholders for any queries raised
- Demonstrates personal responsibility and loyalty to the Company by adhering to corporate principles of business conduct especially in relation to conflict of interest.
- Ensure all work completed is accurate and well documented
- Attends internal meetings where required and ensure action is taken to resolve any issues within a reasonable timeframe
- Contribute to developing processes/procedures for Finance Operations
- Take active interest to build skills and develop self to hold higher responsibilities

Requirements

Requirements:

- Graduate, preferably in commercially oriented or Finance Degree
- Computer literate
- 5 year's general banking experience with a good understanding of banking practices and policies. Finance function is preferable.
- Good verbal and written command of English.
- Trustworthy and with strong communication and interpersonal skills
- Thinking analytically
- Accurate data entry
- Attention to details

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.