Team Leader, Escrow Operations

SolveCube is an award winning AI enabled Talent Solutions Platform for middle and senior level professionals. SolveCube is working with global consulting firms, mid and large enterprises across Asia Pacific and Middle East to fulfil their talent needs for permanent, short-term, part-time, interim and turnkey assignments.

One of our clients a reputed bank in Dubai is looking for Team Leader, Escrow Operations

P.S- Only UAE Nationals will be considered for this role

Job Title - Team Leader, Escrow Operations (UAE National)

JOB RESPONSIBILITIES

Oversee the end-to-end management of escrow accounts for real estate transactions.

Ensure timely processing of deposits, disbursements, and reconciliations. Maintain strict compliance with RERA and DLD guidelines.

Ensure all Escrow transactions align with UAE escrow laws and financial regulations. Conduct periodic audits and implement corrective actions. Liaise with regulatory authorities for reporting and compliance updates.

Identify, assess, and mitigate risks related to escrow transactions. Implement fraud detection mechanisms and internal control policies. Ensure due diligence and AML (Anti-Money Laundering) compliance.

Act as the primary point of contact for developers, banks, investors, and regulators. Facilitate smooth coordination between all escrow stakeholders. Resolve disputes and address client concerns efficiently.

Optimize escrow operations to enhance efficiency and reduce processing time. Develop and implement the best practices for fund management. Drive automation and technology adoption for better workflow management.

Prepare detailed escrow transaction reports for internal and external stakeholders. Monitor account balances, disbursement schedules, and financial reconciliations. Provide strategic insights through financial data analysis.

Supervise and mentor the escrow operations team. Conduct training on escrow regulations, operational protocols, and compliance measures. Foster a high-performance culture within the department.

Oversee the daily operations of escrow accounts for real estate transactions.

Ensure compliance with Dubai Land Department (DLD) and Real Estate Regulatory Authority (RERA) regulations.

Supervise escrow account openings, fund disbursements, and closures. Monitor transaction processing, reconciliation, and reporting.

Ensure adherence to UAE escrow laws and regulations.

Conduct periodic audits and risk assessments. Implement fraud prevention measures and internal controls.

Maintain documentation in line with regulatory requirements.

3. Client & Stakeholder Management:

Act as a point of contact for developers, banks, and regulatory bodies.

Manage teams aiming at speed, accuracy and efficiency in processing

Ensure compliance to Banks rules, policies, Procedures and guidelines

Ensure RERA guidelines, policies and procedures

Facilitate smooth coordination between developers and financial institutions. Address client queries and resolve disputes efficiently.

Streamline escrow operations to improve efficiency and accuracy.

Develop and implement best practices for escrow management.

Prepare detailed reports on escrow transactions and financial performance.

Lead and mentor the escrow operations team.

Provide training on escrow regulations and internal procedures.

QUALIFICATIONS Degree in Business Management, Commerce/Mathematics or equivalent professional qualification. Knowledge of project management would be desirable.

Experience - 7 to 10 years of experience in Escrow Operations with at least 5 years in Management/Leadership roles; strong exposure to Project Management, Process re-engineering, Transformation and Automation.

Excellent communication skills in English (knowledge of Arabic would be an added advantage); People Management and Team Management skills, Analytical thinking and problem solving.

Good Working knowledge of all aspects of Risk - Credit, Regulatory and Product.