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Accountant/Operations and Finance Lead Specialist

Abu Dhabi Islamic Bank

Posted on October 28, 2019

2 - 4 years Abu Dhabi - United Arab Emirates

Any Graduation. Emirati (UAE)

Easy Apply

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Job Description

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These are the main responsibilities of this role

Process daily remittances to/from UAE settlement banks to avoid settlement failures.
Maintain clients’ balances in different currencies and ensure segregation of client accounts at all times.
Posting daily clients’ deposits/withdrawals accounting entries in different currencies.
Daily reporting of Clients Aging & follow up on payments/collections.
Perform daily reconciliation of banks balances in different currencies, and define variances.
Close monitoring of company’s wakala deposits with ADIB treasury & process new placements/ renewals.
Processing new/renewal of Margin Trading clients’ applications.
Maintain accurate calculation of monthly profit accrued on each Margin Trading client and pass the necessary accounting entries.
Follow up the collection of monthly margin trading profit amounts accrued on each client and process the relevant accounting entries.
Initiate the collection process of monthly fees from clients on each services utilized “online trading fees, live pricing fees for foreign markets, etc” and pass the relevant accounting entries.
Processing and daily monitoring and reconciliation of comingled clients’ accounts in different currencies with custodians and in foreign jurisdictions.
Monitor exchanges as well as vendors’ invoices, accruals and payments in coordination with FCD.
Preparing end of month SCA regulatory financial reports.
Work closely with FCD on daily & monthly basis, on interim & yearend financial audits.

Specialist Skills / Technical Knowledge Required for this role:

Solid understanding of SCA & Exchanges rules & regulations and products.
Adequate knowledge & understanding of GAAP/IFRS.

Banking / Financial Services / Broking

Accounts / Taxation / Audit / Company Secretary



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Abu Dhabi Islamic Bank

Banking as it should be

ADIB strives to deliver on its brand promise \'Banking as it should be\' and is committed to its 5 core values of :
•We are Transparent: We speak clearly to our customers in a way that helps them make the right financial decisions.
•We Keep it Simple and Sensible: We will design our products with the customer in mind, and strive to make banking simple and easy for the customer.
•We Work for Mutual Benefit: We are committed to customer\'s success because we succeed only when they do.We will only provide the right solutions for customers.
• We Nurture Hospitality and Tolerance: We respect and warmly welcome all who wish to bank with us, we believe that Islamic Banking can benefit everyone.
•We are Sharia inspired: We deliver ethical banking because we are rooted in the principles of Shari\'a banking. it is the guidance and inspiration for what we do.

Our Logo
Our logo speaks about our future as well as our proud heritage - the foundation of your trust upon which we are building the new ADIB. It features a 3D element to symbolize a renewed focus on the quality of our service.

The circular shape symbolizes ADIB’s global expansion, bringing you the finest expertise from around the world. It is also a symbol of simplicity, a quality at the core of making your banking as easy as possible.

The interlocking crescents symbolize mutual benefit, transparency and Shari’a compliance.
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