Scope of duties

The Payments Officer is a member of the Banking Team and ensures that all payments to international and local suppliers are planned well-in-advance and executes them timely and accurately. The Payments Officer ensures that payments, before being executed are duly authorised by an incumbent with the required approval limit and that all payment instructions are followed without exception.  Through close cooperation with the Finance Supervisor, the Payments Officer will ensure accurate posting of payments in the accounting system and reconciliation to bank statements. 

Responsibilities

• Prepares cash flow for trade and non-trade creditors.
• Prepares bank payment orders and cheques in accordance with the bank payment plan.
• Arranges the signing of payment orders and cheques by an authorised incumbent, including the electronic ‘signing’ of payments made using Bank’s online system.
• Performs bank reconciliations (as required on daily/weekly/monthly basis).
• Ensures all scheduled and authorised payments are sent to the bank on time for same day execution.
• Posts all bank payments to accounting system (daily).
• Liaises with international and local suppliers, brokers and other departments regarding payments and provides updates on payments schedule.
• Liaises with banks in relation to execution of payment orders and for any statement queries.
• Requests payment confirmation letters from suppliers.
• Checks and posts bank charges.

Required Qualifications/ Competencies

• LCCI Higher and/or University degree in Accounting and/or Finance or other Business

or Finance related subject.

• Previous relevant experience will be considered as an advantage
• Ability to work under pressure and complete tasks effectively within set deadlines
• Good bookkeeping knowledge and experience of computerized accounting systems
• Good experience in spreadsheet applications
• Banking experience is considered desirable
• Good command of the Greek and English languages

Closing date 18th of February 2022

Interested candidates kindly send your CV to careers@island-oil.com