banking jobs in UAE | United Arab Bank careers
United Arab Bank announced, through its Linkedin account, a bank job in uae (Officer, Escrow Services & Cash Management Operations) according to the following:
- Overseeing and managing Escrow and Cash Management transactions to ensure that all parties meet their contractual obligations within the assigned timeline.
- Safeguarding and managing funds held in escrow, ensuring they are disbursed correctly and in accordance with the terms of the transactions.
- Ensuring strict adherence to Regulatory guidelines and Bank Policies throughout the transaction process, including documentation and reporting on both Escrow Services & Cash Management.
- Maintaining accurate and organized records of all financial transactions and activities related to Escrow Transactions.
- Process all Deposits from the unit buyers & Payments to the contractor, Consultants, all the other relevant parties, and other settlements, accurately and on time.
- Regularly reconciling escrow accounts and relevant GL Accounts to ensure that balances match transaction records and identifying and resolving any discrepancies.
- Generating and providing reports as required by RERA regulations and as requested by stakeholders, ensuring transparency and compliance.
- Assisting in resolving any financial disputes or discrepancies that may arise during the course of transactions.
- Maintaining clear and effective communication with all parties involved to ensure a smooth transaction process.
- Identifying and mitigating potential financial and legal risks associated with real estate transactions.
- Providing excellent customer service to clients and stakeholders, addressing their inquiries and concerns professionally and promptly. These accountabilities are crucial for the efficient and compliant processing of Escrow transactions while protecting the interests of all parties involved.
- Adopting to changes within the unit and overall operations.
- Bachelor's degree will be preferable
- RERA certification will be an added advantage
- 3+ years’ recent experience in Escrow Account Management & Regulatory Reporting - Dubai & Abu, Dhabi, other Emirates is an added advantage
- Comprehensive understanding of the of the regulatory guidelines and escrow operational Matrix
- Effective communication skills in English - a must have
- Effective communication skills in Arabic - good to have.
Details and apply for this United Arab Bank job as follows:
apply from here
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