Payment Officer

Description

Performance Indicators

Making Payment of all Engro Group’s Companies

• Timely payments on given pay-days for invoices due for payment (FI and PO based invoices) and share Payment advice through SAP.
• Processing urgent, due date related and Vendor’s / Employee’s Advances.
• Timely processing of Income Tax withholding payments (weekly) and Sales Tax payments (Monthly).
• Timely recording of monthly/off-cycle payroll related transactions.

Timely and accurate payment processing as per KPIs

KPIs

Normal routine payments - 4 to 6 Working Days.

Urgent Due Payment - Having financial / compliance impact = 1 Working Day

Urgent Due Payment - No financial impact = 2 Working days

Payment Advice issuance to vendors within 1 Working Day after publish of payments from Bank’s Portal.

Description

Performance Indicators

Making Payment of all Engro Group’s Companies

• Timely processing of Inter-Com. Debits notes and monthly / quarterly basis.
• Timely processing custom duties, vessel related, Insurance & Clearing agent payments.
• Verification of Vendor’s IBANs through personal online banking.
• Resolve disputed issues through follow up from relevant interfaces.

Description

Performance Indicators

Making Payment of all Engro Group’s Companies

• Checking all the queries of business regarding payments & responding on their issues through email/JIRA.
• Review Tax deductions and update Tax Codes in SAP with coordination’s of MDM team after getting Data Owner’s approvals.
• Up-loading of payments batches at banking portal (MCB, HBL etc.)
• Send requests / Follow-ups to signatories to authorize payments batches in SAP or physical cheques

Description

Performance Indicators

• Reviewing and monitoring of Banksta Reports / alert and record rejected payments in SAP accordingly.
• Prepare Funds arrangements request as per the Trade payable’s requirement weekly basis and during the week on need basis.
• Resolve the queries of Bank’s recon on monthly basis.
• Prepare proof sheets of trucker’s fuel deductions GLs and resolve unreconciled items in coordination with user on monthly basis.