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Urgent Hiring!

Operations & Finance Manager - Dinar Exchange, Dubai

Employment: Full Time

Operations & Finance Duties & Responsibilities:

• * Monitor the day-to-day financial operations of the company
• * Verify and reconcile transactions daily to ensure compliance with regulatory standards.
• * Assist and submit all required reports for the Central Bank.
• * Stay informed about regulatory requirements and ensure compliance with local financial regulations.
• *Work with the General Manager to determine the necessary funds and provide alerts of fund transfers to correspondent banks.
• * Process fund transfers to various Banks and Agents’ accounts.* Assess the amount of unclaimed funds as of the last day of every month and liquidity position and capital adequacy on a regular basis to inform the Manager in Charge.
• * Responsible for unclaimed funds if Dinar Exchange fails to pay it back to their respective customer within seven (7) days; must collect the funds back from the foreign or local bank if the settlement of such transaction has already been completed with the bank.
• Assess the amount of unclaimed funds as of the last day of every month and liquidity position and capital adequacy on a regular basis to inform the Manager in Charge.
• * Interpret the company's budget in management and recommend advancement exercises.
• * To submit all Accounts, Finance, Unclaimed funds, etc., returns/reports to the Central Bank within the deadlines as per the CBUAE Appendix 3: List of Compulsory Reports and Forms.
• * To verify cash registers, global stocks, and other registers related to currency, and the Revaluation of currencies.
• * Authorize/Approve and amend all refunds after thorough verifications.
• Investigate differences identified during the reconciliation process and report all unreconciled items to the Manager in Charge immediately.
• Obtain statements regarding remittances, foreign currency export/import, hedge accounts or special products/services from relevant institutions or partners on a daily basis to ensure regular balance reconciliation.
• Analyze the market rate and provide the best rates to customers
• Working along with the Branch Manager to support and coordinate High-value Transactions.
• Maintain sufficient funds by coordinating with account departments regarding cash and cheque deposits and ensuring clearance confirmation.
• To be knowledgeable about external vendors and agencies' products and offers.
• Prepare and submit all required reports for operations
• * Performs all other tasks related to Operations & Finance for Dinar Exchange.

The Candidate:

*Minimum 3 years experience working in Money Exchange or Financial Institution

* Current resident in the UAE.

Salary and Benefits:

To be discussed upon interview.

Contact Details:

For interested please submit your CV at Types: Full-time, Contract
Contract length: 24 months

Pay: AED6,000.00 - AED10,000.00 per month

Ability to commute/relocate:

• Dubai: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Required)

Experience:

• Exchange Houses: 3 years (Required)

Language:

• Hindi, Urdu, English, Malayalam (Required)

Location:

• Dubai (Required)

Application Deadline: 30/07/2024
Expected Start Date: 15/07/2024