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 and validation of all documents related to any payments issued from Escrow A/C (Management, Construction, Marketing, Sales, etc.)
Qualifications:
Bachelor's Degree
Minimum of 1 year experience in Banking under the similar role
