AVP-Manager Card Operation (Settlement & Reconciliation unit)
United Bank Limited – UBL
مجموع سنوات الخبرة :20 years, 11 أشهر
* Managing Credit Card Settlement & Reconciliation team to ensure timely processing of settlement & financial posting Of UBL-PK, UBL-UAE and Third Party Acquiring’s (TPA)
* Review all financial postings of credit card branch 1948 and reconciliation of various Sundries/GL’s and MIS’s
* Review & assure timely submission of Tax, Audit proofs to Audit & Compliance Unit.
* Responsible to furnish the data for various reporting & queries to SBP.
* Preparing & compiling the Quarterly data of Visa (QOC) and onward portal submission.
* Ensure the availability of funds in NOSTRO account for international settlements.
* Coordinating with Visa, MasterCard, Banks, and various operational units for the resolution of issues.
* Aptly ensured back up availability to run uninterrupted Settlement and reconciliation activities.
*Managing settlement of net banking operations team to ensure timely processing of payments to utilities bill payment companies, internet service providers, online merchants, and postpaid/prepaid top-ups (Telecom)
* Serving as reviewer for all financial posting related to net banking operations, while executing timely reporting of portfolio & MISs (monthly/quarterly/yearly) to relevant businesses, schemes & SBP for smooth working
* Supporting in correct FED calculation for onward submission, while ensuring accurate and timely processing of commission invoicing and recoveries from UBP companies & corporate clients for process improvements
* Assuring online accounts registration, franchise tagging & de-tagging, digital corporate portal (DCP) clients’ registration & its maintenance, while managing compliance in accordance with approved standard operating procedures. Ensuring timely response against disputes & queries received of clients & cross-functional units
* Oversaw daily settlement of association base cards transactions with 1Link, Visa, MasterCard, China Union & credit card branch, while ensuring timely submission of portfolio reports to business, finance, associations, and SBP to inform about current highlights and remain compliant with regulators and association’s TAT
* Synchronized UATs with IT & debit cards business regarding new ventures and process automations, while monitoring, and ensuring processing of daily activities within TATs & proper workload sharing within team
* Identified process gaps and bridged them up through process re-engineering/automation to reduce manual processing, while reviewing & updating departmental SOPs & SLAs as per organizational policy/procedures
*Managed team to ensure timely processing of PRIME, MasterCard & VISA local and international settlement and daily reconciliation of various sundries/GLs. Supervised all financial posting of credit card branch 1948
* Produced data for quarterly reporting of SBP, Visa (QOC) & MasterCard (QMR), while coordinating with banks & various operational units for resolution of issues. Served as custodian of vaults (cards blank plastics)
* Procured approx. 1.5 Million US Dollar weekly from SBP approved exchange companies. Acted as reviewer to ensure accuracy of various Recon & MISs. Ensured submission of tax, audit proofs to audit & compliance unit
* Validated stock valuation of credit card plastic inventory & ensured recording of monthly consumption and amortization. Aptly ensured back up availability to run uninterrupted Settlement and reconciliation activities
*Maintained investment (TFCs, TDRs & Stocks) portfolio and General-Ledger correction/adjustment), while preparing monthly and yearly financial statement of BIZTEK & GEC. Involved in procurement processing i.e. invite and evaluate vendors’ quotations, setting terms & conditions, issuance of PO’s and payment processing
* Handled and reconciled all types of accounts payable/receivable, while managing withholding tax & income tax of employee & monthly tax statement (e-filing). Prepared & supervised bank and income reconciliations
* Consulted with CFO & external auditor to fulfill all prerequisite and resolve FBR queries. Liaised with banks, vendors & internal/external auditors for resolving matters, while ensuring proper recording of transactions in computerized accounting system i.e. Peachtree & student database to participate in process improvements
Assisted manager finance & CFO in preparing final accounts, while maintaining GLs & preparing trial-balance, executing monthly/yearly adjustments, and calculating sales, W.H.T & income tax of employee. Collected information from 5 out station branches for quarterly audit. Carried out bank & inventory reconciliations and prepared various analytical reports regarding sales, new franchise booking, parties’ collection. Managed payment adjustment, unit costing, and expenses. Handled petty cash, cash book, bank book, ledger, stock register, staff/employee attendance, payroll (65 Plus), loan records sheet etc. in computerized environment. Maintained day-to-day account manually and software (visual FoxPro). Directed staff and executed payroll processing of more than 250 employee
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