About this role
• This position is responsible to ensure on time execution and posting of accounting entries and preparation of trial balances/FS statements. • Timely perform balancing and reconciliation of all accounts. Prepare and share Trail Balance, Profit & Loss and financial statements with central finance team on timely basis. • Timely perform EDD and Compliance screening; prepare invoices and track & keep record updated for all due payments. • End to end coordination with Internal and External Audit teams.
• Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs. • Ensure timely execution of Purchase, Sale, interest, claim,…., etc. invoices and record in system. And post respective accounting entries. • Ensure no product and IFRS (accounting standards) understanding gaps. • Ensure no errors while bookkeeping and preparation for trial balance. • Ensure no errors while recovering fees, charges, VAT, Corporate Tax, interest, profit, penalties and charity against any exposure specifically pertain to Corporate Syndication loans and finances. • Complete understanding of accounting standards (IFRS) and APPM to ensure no errors while accrual of income & charge components. • Ensure to have complete knowledge of SWIFT & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments. • Ensure to complete operating systems related UATs and highlight related observations & defects promptly. • Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately. • Ensure all banking accounts are balanced while reconciliation b/w multiple systems. • End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution. • Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any). • Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free. • Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines. • Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues. • Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening. • Strong referral and follow up skills till completion of o/s task. • No revenue leakage due to miss out in charges collection • No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts. • Experience of handling new system UATs, defining requirements and relevant follow-ups.
Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO.
• CA, ACCA or Master degree in accounting & finance. • 3-7 years of relevant working experiences in accounting, finance, and trade facilities. • Experience of handling multiple system UATs, BRD preparations and meeting deadlines. • Experience/Knowledge of handling multiple systems like CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs and FIRCO. • Ability to learn new banking systems quickly and identify Gaps if any. • Good experience to review Credit proposals & Agreements and Swift Messages. • Good knowledge of trade documents and trade cycle. And Compliance process. • Experience of handling reconciliation between multiple system. • Experience of performing EDD & Compliance screening on submitted requests and Trade documents. • Strong referral and follow up skills till completion of o/s task. • Good communication skills and interpersonal skills. • Proficiency in MS Office (Word, Excel/Calculations and Power point) and good typing speed. • Ability to prioritize critical assignments and meet deadlines.
Ability to work under pressure and work as team player till completion of BAU/Assigned task