Job Description

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.

Job Purpose:

Provide support to the Senior Manager, Financial Accounting and Head of Financial Control in managing financial accounting activities, period-end books closing, fixed assets accounting, GL reconciliation and substantiation, new product accounting, finance system maintenance and transformation, process controls, and bank-wide insurance renewal, ensuring accurate financial reporting, effective controls and compliance with accounting and regulatory requirements.

Key Accountabilities:

• Support the Accounts Payable Manager in leading the Bank’s Accounts Payable function, including training and managing team members.
• Develop, implement, and maintain policies and procedures for all Accounts Payable activities.
• Ensure invoices are processed and settled accurately and on time, while maintaining high-quality control standards.
• Continuously review control design and effectiveness, and support system and process enhancements. Strengthen automation, transformation, and documentation controls.
• Manage and continuously improve all Accounts Payable KPIs to meet agreed SLAs.
• Collaborate with the wider Finance team and key stakeholders across the Bank.
• Support vendor onboarding and approval, including related tax processes.
• Identify control gaps and recommend remediation measures to strengthen processes and improve process maturity.
• Conduct root-cause analysis of exceptions, errors, and ageing items.
• Contribute to process improvements, system upgrades, and the smooth implementation of the ERP system. Perform testing to support successful improvements and
• Train ERP users across the Bank on key Procure-to-Pay functions.
• Assist in analysing monthly expenses and explaining period-on-period movements.
• Implement safeguards against duplicate payments and report any duplicates or errors, together with an appropriate recovery plan, to the Head of Unit.
• Review invoices for accuracy, required supporting documentation—including purchase orders, contracts, business cases, and memos—and appropriate approvals
• Confirm that invoices comply with FTA requirements before approving them for processing through the Accounts Payable workflow.
• Review and clear Accounts Payable workflow requests daily in line with the agreed SLA.
• Create vendor payment templates in iBusiness to initiate payments.
• Record all invoices and credit notes received each day in the KPI tracker.
• Approve staff reimbursement requests in accordance with the applicable business expense policy.
• Ensure all daily, weekly, and monthly processes are completed in accordance with Accounts Payable checklists.
• Liaise with business stakeholders to address queries promptly.
• Demonstrate personal accountability and commitment to the Bank by adhering to its principles of business conduct.

Requirements

Experience & Academic Qualifications:

• 5+ years of corporate experience with a good understanding of banking practices and policies
• Experience in an Accounts Payable function, with at least three years of post-qualification experience
• Team leadership experience