Job Purpose

·         Assist in managing day-to-day Escrow transactions.

·         Perform key tasks under the supervision of the Senior Escrow Officer, which includes document preparation, client communication, issue resolution, & compliance with RERA regulations.

Key Accountabilities

·         Track & maintain unit buyer inflow based on client payments.

·         Preparation of all documentation related to the A/C opening of the developer, as well as the Escrow A/C.

·         Reconcile Escrow Sub account reconciliation.

·         Maintaining proper records of daily transactions.

·         Report daily Escrow transactions to the Dubai Land online platform (TAS).

·         Preparation of the Collection Report.

·         Preparation of Cashflows – Outflows.

·         Preparing monthly reports to be presented to RERA.

·         Maintaining client files as per RERA regulations.

·         Verification of the “payment Request” as per RERA rules & regulations.

·         Processing of operations on the Escrow A/C (receivables from client-retention A/C).

·         Preparation & validation of all documents related to any payments issued from Escrow A/C (Management, Construction, Marketing, Sales, etc.)

Qualification

·         Bachelor’s Degree

·         Minimum of 1 year experience in Banking under the similar role.

·         Knowledge in Microsoft Office related software.

·         Fluency in Arabic & English.