Team Leader - Accounting & Reconciliation - Trade Portfolio

Job Purpose:

This position is responsible for ensuring the timely reconciliation, execution, and posting of accounting entries, as well as the preparation of trial balances and financial statements. The role also involves providing reconciled reports to the Central Finance and VAT teams.

Required close collaboration with Trade Operations, Technology, Product, Central Finance, and VAT teams to ensure effective coordination and seamless execution of responsibilities. 

Key Result Areas:

• Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs.
• Ensure timely execution of Purchase, Sale, interest, claim,…., etc. invoices and record in system. And post respective accounting entries.
• Ensure no product and IFRS (accounting standards) understanding gaps.
• Ensure no errors while bookkeeping and preparation for trial balance.
• Ensure no errors while recovering fees, charges, VAT, Corporate Tax, interest, profit, penalties and charity against any exposure specifically pertain to Corporate Syndication loans and finances.
• Complete understanding of accounting standards (IFRS) and APPM to ensure no errors while accrual of income & charge components.
• Ensure to have complete knowledge of SWIFT & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
• Ensure to complete operating systems related UATs and highlight related observations & defects promptly.
• Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
• Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
• End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
• Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
• Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
• Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
• Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
• Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
• Strong referral and follow up skills till completion of o/s task.
• No revenue leakage due to miss out in charges collection
• No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
• Experience of handling new system UATs, defining requirements and relevant follow-ups.

• Ensure to have complete understanding of banking platforms like Flex, OBTF, SCF and Velocity platforms.

• Knowledge, Skills and Experience:

CA, ACCA or Master degree in accounting & finance.

3-7 years of relevant working experiences in accounting, finance, and trade facilities.

Experience of handling multiple system UATs, BRD preparations and meeting deadlines.

Experience/Knowledge of handling multiple systems like CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs and FIRCO.

Ability to learn new banking systems quickly and identify Gaps if any. 

Good experience to review Credit proposals & Agreements and Swift Messages.

Good knowledge of trade documents and trade cycle. And Compliance process.

Experience of handling reconciliation between multiple system. 

Experience of performing EDD & Compliance screening on submitted requests and Trade documents.

Strong referral and follow up skills till completion of o/s task. 

Good communication skills and interpersonal skills.

Proficiency in MS Office (Word, Excel/Calculations and Power point) and good typing speed.