Careers for a Changing World of Islamic Banking.
Posted On 21 Mar, 2025
Type: 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, PowerPoint).
- 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.