Vice President, Centralized Payments

Role overview

The Vice President for Centralized Payments will oversee all vendor payment activities across the Mashreqbank Group, covering entities such as Mashreqbank, Osool, Injaz, MIT, Mashreq Securities, Mashreq Capital, Mashreq Al Islami Finance, and overseas branches in Qatar, Bahrain, Kuwait, and Oman. The role also includes providing subject-matter support for Oracle Payables and Fixed Assets implementations for any new entity or branch.

Key responsibilities

• Take end-to-end ownership of accounting activities for Mashreq subsidiary Injaz, including book maintenance, statutory audit coordination, and preparation of audited financial statements for Board approval.
• Oversee supplier payments for the bank, centralized subsidiaries, and overseas branches against administrative expenses, ensuring payments are made only after proper approval under each entity’s delegation matrix.
• Maintain fast invoice turnaround times and a high level of service for internal stakeholders.
• Handle accounting for staff-related payments across centralized entities, including salaries, allowances, and employee reimbursements, in line with HR policies.
• Ensure accurate and timely posting of payment-related entries in Oracle Financials and connected systems such as Accounts Payable, Fixed Assets, General Ledger, HRMS, WPS, UAEFTS, and I-flex, aligned with accounting policies and the approved chart of accounts.
• Review all payment requests for authenticity, approval authority, policy compliance, invoice-to-LPO matching, duplicate payment prevention, and correct accounting treatment to reduce financial risk.
• Validate month-end provisions and cost allocations across the relevant cost centres and business units.
• Identify opportunities to improve or automate manual processes, define system requirements, coordinate UAT, and confirm that implemented changes deliver the intended results.
• Support Oracle Accounts Payable implementation for new entities, including coordination of configuration needs across Fixed Assets, Purchases, Inventory, and Accounts Payable modules.

Requirements

• UAE National status is required, along with strong knowledge of the UAE regulatory environment, banking landscape, and payment ecosystem.
• CA qualification is mandatory.
• At least 15 years of progressive experience in accounting, finance, or centralized payment operations is required.
• Deep experience in centralized payments, reconciliation, and settlement functions within banking or a large financial services organization.
• Strong command of accounting policies and procedures, IFRS, and internal control frameworks, especially in relation to payments and financial reporting.
• Practical expertise with core banking and finance platforms, including Flexcube, Oracle GL, Oracle Payables, and Oracle Fixed Assets.
• Working knowledge of UAE payment channels and compliance requirements, including UAEFTS and WPS.
• Exposure to EDMS platforms for payment records, audit support, and regulatory documentation.
• Strong analytical thinking and problem-solving ability, with a track record of investigating financial issues and improving processes.
• Leadership experience in guiding, coaching, and developing teams in a centralized payments setting.
• Excellent communication and stakeholder management skills, including interaction with senior leadership, auditors, and regulators.

Additional information

This role is based in the United Arab Emirates and is a full-time, on-site position.

Compliance and operational focus

The position places strong emphasis on control, accuracy, regulatory adherence, and operational efficiency across payments, accounting entries, and financial reporting for multiple group entities and overseas branches.