Associate Account and Wealth Services Abu Dhabi Commercial Bank
Full time @Abu Dhabi Commercial Bank posted 10 months ago Shortlist Email JobJob Detail
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Job ID 9498
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Career Level Intermediate
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Experience Fresh
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Gender Female|Male
Job Description
Associate Account and Wealth Services at Abu Dhabi Commercial Bank prepare and review transactions with relevant and support documents in order to eliminate any Operational risk and Financial loss. The role holder is also responsible to ensure that all levels of operations control are met during the preparation of transaction without any breach in approved procedure and policies.
Responsibilities of Associate Account and Wealth Services
Attain highest level of proficiency in executing/ processing transactions.
- Process the transaction and ensure no risk is associated with it.
- Maintain zero tolerance level.
- Ensure the turnaround time (TAT) in processing transaction is met.
- Prepares requests that are covered in established policies, procedures and guidelines.
- Coordinate with other departments / units as and when required without compromising on ADCP policies and procedures.
Collections
- Distribute and reconcile petty cash on daily basis.
- Receive collections from Lease Administrator (LA) and Tenant Administrator (TA) as per the interim reports
- Verify the details of cheque as per approved standard.
- Prepare Daily Cash reports and reconcile with the actual cash collected.
- Assist Line Manager to hand over cash and current cheques to Transguard by end of the day.
- Reporting of excess / short cash/ counterfeit currency notes and incomplete / incorrect cheques to supervisor
- Update in PMS for Bank transfer & Smart Loan rental payments.
Allocation & Reconciliations Associate Account and Wealth Services
- Reconcile banked collections with respective Branch collection accounts and escalate to Line Manager in case of any discrepancy.
- Prepare transactions for the credit of rental collection in respective landlords’ account.
- Prepare proper general ledger entries raised in Memorandum Account on daily basis.
- Distribute rentals according to share assigned for each Rental Account.
- Reconcile daily / monthly Property Management System (PMS) banked items
- Reconcile the rental credits in respective rental accounts in the Flexcube system.
- Reconcile all types of cheques i.e. current, post dated, bounced and legal etc.
- Reconcile the accounts of Security Deposits and Furniture Deposits.
- Reconcile payable & collections accounts and report discrepancy to Line Manager.
Payments & Settlements
- Process Contractors’ invoices in Property Management System.
- Process utility bills, insurance debit and credit notes and other services.
- Prepare Legal fee and Court / Govt payments.
- Prepare tenants and landlord share related payments
- Delivery of instruments (i.e. Cashier, Cancelled and Settled Bounced cheques) to concern parties with proper identification and acknowledgement.
Other duties
- Update and maintain records of reports which are sing on daily basis.
- Extend support to perform any other job assigned by the Line Manager
- Ensure that all relevant documents are properly fill on daily basis.
- Issuance of Estimated Maintenance Expense Report and Property Release Report as approved by Property Management.
Requirements of Associate Account and Wealth Services
- Accounts / Commerce Graduate or equal qualification.
- 1 year experience in similar job / role.
- MS Office experience.
Analyst Account and Wealth Services Abu Dhabi Commercial Bank
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