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Assistant Manager Escrow Services

National Bank of Dubai

2 - 3 years Dubai - United Arab Emirates

Any Nationality

, Posted on May 15, 2018 1 Opening

Job Description

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* Department Description:
Escrow Services provides services as a trustee in line with the regulations framed by the authorities of the respective emirates in UAE and also provides trustee services with regards to Commercial Escrow Accounts Escrow Services is formed to provide expert standardized services
Brief Description:
To manage the daytoday processing in compliance with the Law Regulations and internal procedures related to these services within the timelines
Detailed Description:
To manage the daytoday processing in compliance with the Law Regulations and internal procedures related to these services within the timelines
Job Requirements:
Checking of daily Transactions Documents related to Payments Cancellation Pending payments Deposits Retention transfer on deposits and ensure timely processing Liaise with bank appointed engineer for obtaining their certification for release of payments Ensure timely Reconciliation and escalation
Checkingof the project wise excel sheetsthat are updated daily Ensure project wise accounts are reconciled and uptodate Ensure all exceptions are escalated approved and ratified Ensure customer queries are responded within the timelines and confidentiality maintained Liaise with concerned team for clarifications related to any transaction
Quick adaptability to new initiatives or any changes in the existing process related to Escrow Services and hand holding the processor Support Business units operationally ensuring customer satisfaction by transactions getting processed within timelines Providing clarifications seeking clarifications to and from internal external customers for smooth completion of the transaction
Ensure transactions to be processed are within the processes outlined laws and regulations related to Real Estate Escrow Commercial Escrow Owners Association Escrow
Additional Details:
a List of Annual Profitrevenuecostvolumesportfolio etc directly controlled or influenced by the job holderb Total number of employees manageddirectly and indirectly by job holderc Any other key aspects relevant to the job eg markets covered products managed

Industry Type : Banking / Financial Services / Broking
Functional Area : Administration


Reconciliation Real estate Customer satisfaction Transactions Compliance Processor process Support Management Excel

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National Bank of Dubai

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