Officer - Retail Finance Reconciliation

ADIB - Abu Dhabi Islamic Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in Abu Dhabi is seeking an Officer for Retail Finance Reconciliation. The role focuses on ensuring accurate financial processes, compliance with regulations, and effective management of MIS reports. Ideal candidates will oversee finance reconciliation, resolve discrepancies, and optimize operations while adhering to regulatory standards.

Responsibilities

• Oversee periodic finance reconciliation of accounts to ensure accuracy and compliance.
• Investigate and resolve discrepancies and variances in financial issues.
• Ensure accuracy and regulatory compliance in all reconciliation processes.
• Collect, analyze, and collaborate with units to present data supporting decision-making.
• Develop and maintain MIS reports and dashboards.
• Assist in forecasting capacity requirements for retail finance operations.
• Optimize capacity utilization while maintaining service quality.
• Prepare and deliver comprehensive reports to management.
• Monitor performance indicators and promote continuous improvement.
• Ensure adherence to regulatory guidelines.
• Collaborate with FCD to prepare VAT reports.
• Manage settlement of commodity-based products.
• Manage foreign currency payment processing and payments.
• Liaise with external entities to streamline processes.
• Identify and mitigate implicit risks.

Job description

Role: Officer - Retail Finance Reconciliation

Location: Abu Dhabi

Role Purpose: Assist the Head of Department (HOD) to ensure the smooth and secure functioning of department processes. Ensure accurate financial integrity, operational efficiency, and strategic insights through effective MIS and resource optimization, while adhering to regulatory standards and minimizing risks.

Key Accountabilities:

1. Oversee periodic finance reconciliation of accounts to ensure accuracy and compliance for GLs related to internal and external processes.
2. Investigate and resolve discrepancies and variances in financial issues and processes.
3. Ensure accuracy and regulatory compliance in all reconciliation processes.
4. Collect, analyze, and collaborate with various units to present data supporting decision-making.
5. Develop and maintain MIS reports and dashboards to provide insights into retail operations.
6. Assist in forecasting capacity requirements for retail finance operations.
7. Optimize capacity utilization while maintaining service quality and compliance.
8. Prepare and deliver comprehensive reports to management and stakeholders.
9. Monitor performance indicators and promote continuous improvement.
10. Ensure adherence to regulatory guidelines and internal policies in reconciliation and MIS.
11. Collaborate with FCD to prepare and submit department VAT reports in accordance with regulatory requirements, ensuring accurate calculations.
12. Manage and execute precise settlement of department’s commodity-based products.
13. Manage foreign currency (FCY) payment invoice processing and payments.
14. Liaise and collaborate regularly with external entities to streamline and optimize processes.
15. Identify and mitigate implicit risks associated with routine and ad hoc work.