About Magnati

Magnati is a regional leader in the payment solutions industry focused on direct acquiring, issuer processing and acquiring processing.

Magnati provides government, merchant and institutional clients with an intelligent payments platform that monetises data, using next generation technology to deliver improved experiences and increased efficiency. The Magnati brand is charged with energy and potential and is set to transform payments into possibilities.

Headquartered in Abu Dhabi, Magnati’s expertise and relationships provide a platform for Magnati to attract international partners, while setting a new standard for innovation and delivery in the payments industry.

Visit Magnati.com for more information

JOB PURPOSE:

Posting of all financial and non- financial entries.

Preparing vouchers on daily basis and submitting for posting before end of day.

      Provide day-to-day support For Accounts department.

KEY ACCOUNTABILITIES:

Generic Accountability

Policies, Systems, Processes & Procedures:-

Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.

Demonstrate compliance to organisation’s values and ethics at all times to support the establishment of a value drive culture within the bank.

Continuous Improvement

Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.

Job Specific Accountabilities

Posting all financial and non- financial transactions.

Opening new CASA accounts

Processing of Stop- Payment and Stop Payment Revocation requests

Processing of Earmark Release /Apply

Processing of Load, Reload and Reversal transitions

Processing of Easy Payment Plans.

Processing of points adjustment on card (Debit or Credit).

Opening of Balance Transfer instalment accounts on cards

Opening of Easy Cash instalment accounts on cards.

Closing of instalment accounts on cards

Posting of payments and adjustments in cards

Posting of rejected transactions

Processing the Swift /FTS instructions.

Resolve all enquires within TAT & assist the merchant/cardholder to solve the issues related to disputes and route any other queries to respective unit.

Educate the merchant/cardholder with the consequences of non- complaint practice and update them with proper guidelines.

Suggest a process improvement to increase productivity and cost effectiveness.

Any other task assigned / adhoc activities to be performed as per line managers instruction

Enhance knowledge by enrolling into training and development course.

Maintain KPI and Productivity reports

Ensure to abide by the compliance programs that monitors obligations towards externals parties including and not  limited to Regulatory/Card Schemes/PCI DSS rules & regulations

Job Context

Specific Accountability

Ensuring compliance to process, procedures, controls, policies and SLAs for both onshore and off shore functions.

Ensure all assigned tasks are completed within allocated time and accuracy level required

Sending Daily Processed EPP/EC/BLT/ MIS to Management.

Handling customer / Branch Queries and responding the Emails

Ensure audit comments are not repeated

Ensure all Risk and Compliance emails are responded on the agreed time.

Ensure to achieve 100% Accuracy & Timeliness.

QUALIFICATIONS & EXPERIENCE

Minimum Qualification

Bachelor’s degree in Banking or related discipline.

Minimum Experience

3+ years’ relevant experience in the banking sector with at least 1 years in similar positions of progressively increasing managerial responsibilities in the function.