Senior Associate- Operations Acq

• Perform all internal accounts, reconciliation and corrective action on daily basis from Makers perspective.
• Prepare accurate and timely Monthly & half yearly vendor invoices for Amex, Diners to recover the rental & transaction fee.
• Prepare deferred commission invoices for gross merchants and ensure timely recovery without error.
• Maintain & timely updating all the trackers for tracking pending commissions, payments & rental recovery.
• Preparation & Posting of DE entries in system for respective processes from maker perspective.
• Perform deferred payment recon & payment posting process and make sure the payment is made on time with accuracy.
• Ensure that Bank’s Compliance and Regulatory procedures are followed.
• Adherence to daily and monthly activities allocated.
• Create an atmosphere conducive to mutual co-operation among staff members and foster team spirit.
• Complete awareness of policies and procedures for onboarding of new merchants / existing merchants for both POS and E-commerce businesses.
• Clear understanding of documentation requirements for various category of merchants based on the nature of business and also based on the business defined priority category
• Ensure all documents ( merchant agreements, trade licence, passport copies, ID documents, MOA, Board resolution etc) required for onboarding are duly submitted as per the check list
• Ensure the documents are completed in all respects and rightly verified by the maker
• Ensure system related and negative checks are correctly performed the maker
• Raise exceptions and seek compliance approval wherever required
• Monitor rejected applications and pro-actively work with business for rectification and resubmission
• Track document deferral and ensure regularization within agreed timelines
• Continuous training to front end on right document submissions to reduce rejects and referrals.
• Ensure that unit's standard operating procedures are updated, change documents are maintained and updated regularly
• Maintaining of business MIs
• Knowledge of general banking with good experience in merchant onboarding procedures and the local policies.
• 3-5 years of cards domain/multi-discipline banking experience.
• Good communication skills (both written & verbal),Good analytical thinking/interpersonal skills
• Strong knowledge on MS Office tools, MIS reporting and analysis
• Hands on experience in any card management system
  
  

The leading financial institution in MENA

While more than half a century old, we proudly think like a challenger, startup, and innovator

in banking and finance, powered by a diverse and dynamic team who put customers first.

Together, we pioneer key innovations and developments in banking and financial services.

Our mandate? To help customers find their way to Rise Every Day, partnering with them through

the highs and lows to help them reach their goals and unlock their unique vision of success.

Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.

We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.