Banking Coordinator
Job Description
Department: Accounts & Finance
Division: Corporate Office
Employment Status: Permanent
External Clients: External & Internal Auditors
Reports To: SFM/Shared Service Manager
Direct Reports: None
Internal Clients: Banking Team, Credit Control, Finance Team, Internal Auditors
Location: Abu Dhabi
Purpose: Ensure all banking transactions are managed effectively and efficiently.
Job Responsibilities/Accountabilities:
• Monitor entity’s daily cash position and prepare weekly cash position reports.
• Checking of debit advices related to loans, guarantee, and bank charges and raise queries if there’s a discrepancy on the agreed commission charges
• Update and complete Customers and Vendor KYC / Credit Facility Application Form
• Responsible for providing administrative support to the Accounts & Finance Department, Corporate Banking Officers, and other duties assigned by the Chief Accountant and AFM.
• Maintains and participates if required in the annual review of the Bank Facility Offer Letter (F.O.L) for the Division and monitoring on the utilization of the facility.
• Responsible for providing administrative support to the Accounts & Finance Department, Corporate Banking Officers, and other duties assigned by the Chief Accountant and AFM.
• Responsible for the housekeeping of Division’s banking documents such as (Facility Offer Letter, opening/closing of bank accounts, on-line banking access, amendment of signing authority, notification of change in company name, bank certificates, KYC etc.). As per bank request, to provide the documents such as Trade License, TRN, Power of Attorney and Audited F/S.
• Responsible for being a natural backup for Cashier (Full Time) & Bank Accountant during their Annual / Short Leave
• Prepare Manual TT – Transfer Letters / Forms (Principal Supplier and Other Currency TT Letters
• Processing & arranging required documents for Import Invoice Financing / LC related to Importation of Vehicles
• Check and review the list of Guarantees and LC’s, manages the LG and LC applications and cancellation requests.
• Request and submit necessary documents for online access service with banks as required by related companies.
• Liaise with banks for resolving issues involving cash management services.
• Ensure that standards of quality and quantity of work are met and support the achievement of company strategic goals and objectives
Desired Candidate Profile
Education: Bachelor’s Degree in Banking & Finance/ Accountancy/ Commerce or equivalent course
Experience: Minimum 3 years’ experience in related filed; strong skills in computerised accounting systems; sufficient experience in bank transaction and accounting activities; possess good analytical, interpersonal and communication skills.
Languages: Fluency in English is essential, and Arabic is an added advantage.
Software: Proficient in MS Office, SAP and other Accounting software