Officer - Escrow, Sharjah

Careers for a Changing World of Islamic Banking.Posted On 21 Mar, 2025Type: Permanent Job Category: Operations Control Job Purpose: To process day-to-day activities related to Escrow Accounts in accordance with regulatory requirements as well as SIB policy and procedures, including Suspense Account Reconciliation. To review monthly reconciliation sheets prepared by Departments/Branches to ensure that all follow a uniform policy and procedure in preparation/clearing of outstanding amounts of the suspense accounts.Key Accountabilities: Escrow Accounts: Download payments/new accounts activation approvals from TAS.Prepare supporting vouchers related to total types of payments and input respective entries in T24.Monitor inflow funds without buyer code and coordinate with Developers to obtain the same.Respond to investor inquiries in a timely manner.Prepare cheque deposit list on a daily basis.Maintain cheques return list.Liaise with ICCS team for cheques to be sent for clearing.Prepare MIS reporting.Any other job assigned by the Head of Division.Suspense Accounts Reconciliation: Check the GL report to ensure that all Branches and HO departments have provided their sheets on time.Review the sheets for accuracy, justification, and completeness.Report discrepancies (if any) to the branch/department concerned on an escalation basis.Adopt proper follow-up mechanisms.Prepare adequate reports to be submitted to management.Technical Skills: Time Management Skills.Proficiency in Microsoft Office (Word/Excel, Power Point).Honesty, Integrity, Confidentiality, and Ethical standards.Background on accounting standards.Multi-task handling.Qualifications & Experience: Minimum Qualifications: Bachelor degree or Diploma in Accounting, Information Administration, or Banking.Minimum Experience: At least 4-5 years of banking experience in corporate banking in a relationship role.Computers/Systems/Software Skills: 3 years of experience with MS Office and T24 Software (Expert level).Language Skills: Strong oral and written skills in both Arabic and English.Email address *Thank you for applying!An email confirmation link has been sent to your mentioned email ID; please click on the link to complete the form and activate your profile.Notice #J-18808-Ljbffr