Associate - Escrow Operations

Abu Dhabi Commercial Bank; United Arab Emirates; Hybrid; AED 120,000 - 180,000; Full time

Job summary

Join a leading bank in the UAE as part of the Insurance Escrow operations team. Your role will focus on developing reporting systems and ensuring accuracy in data handling. With comprehensive benefits, flexible working options, and a commitment to professional growth, ADCB offers a dynamic work environment for ambitious professionals.

Benefits

Market-leading medical insurance

Employee preferential rates on loans

Learning and development opportunities

Qualifications

• At least 3 years’ experience in the Banking sector.
• Escrow operational knowledge is preferred.

Responsibilities

• Develop internal and external MIS reporting and reconciliations.
• Handle Insurance Escrow payments and related queries.
• Assist in the automation of Insurance Escrow operations.

Skills

Analytical skills

Attention to detail

Customer service

Education

Bachelor’s Degree in MIS or related field

Job description

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Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area

GBS is a group of highly skilled and talented professionals who form an essential part of ADCB's continued journey of success. With a proud history of commitment, innovation and delivery, GBS constantly strives for excellence whilst ensuring the highest standards of quality and risk awareness. Each and every member of the GBS family plays an integral role in driving ADCB's strategy, growth and digital evolution by working closely with our valued business partners to achieve exceptional customer experience through our outstanding service and support.

We are actively seeking an ambitious professional to join our team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.

In this role, your key responsibilities include:

• Develop internal and external Management Information Systems (MIS) reporting and reconciliations to ensure accuracy of data.
• Handle Insurance Escrow payments, operations and related queries from clients on behalf of the Insurance Escrow operations team, to ensure they are responded to promptly and with zero errors.
• Maintain a high quality of processing and payment documentation for Insurance Escrow accounts to ensure that these are processed accurately to minimise re working of data.
• Assistant in the automation of all Insurance Escrow operations in order to continually improve the service provided to customers and reduce potential processing errors
• Monitor day-to-day operations of Escrow products, including Insurance Escrow operations, to include monitoring daily outflows from the Insurance Escrow accounts, tracking of errors and rectification entries and ensuring reconciliation on documentation and deviations are tracked and maintained to ensure compliance with ADCB policies at all times.
• Resolve all operational related requirements through an effective and efficient use of Bank resources to ensure they are resolved within a timely and accurate manner
• Ensure correct MIS is maintained for the Escrow accounts to ensure that payments are tracked and reconciled at all times.
• Ensure payments made for Escrow and Insurance Escrow accounts are made within the approved guidelines to ensure compliance.

The ideal candidate should have the following experience:

• At least 3 years’ experience in the Banking sector
• Bachelor’s Degree preferably MIS related
• Escrow operational knowledge

What we offer:

Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).

Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.

Learning and Development Opportunities: We value and facilitate continuous learning and personal development, through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-Learning catalog, on-the-job training and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment