Processor

Job title: Processor

Company: Innovations Group

Job description: Responsibilities:Receive all approved finance requests for retail customers from credit risk department.Check if all appropriate approvals are in place.Follow approval terms in verbatim.In case of any deviation from approval terms, please obtain necessary approvals from the approving authority prior to processing the transactionPrepare offer tickets for approved finance request, finance related documents as defined for each product that needs to be obtained from the customer and any other documents/ collaterals defined in the approval sheet. And forward to sales for onward delivery to customers.Receive all the related documents from the customer through sales. Check if all the documents submitted duly executed are in order.Receive all the down payments, where requiredConclude treasury deals were requiredBook the finances in the ICBA/Flex cube systemsUpdate PDC’s and register DDA form in the ICBA/ICCS/Flexcube/ DDA systems.Disburse all amounts to customers/dealers as appropriates.Obtain necessary mortgages in favor of Mawarid where required.Ensure all collaterals and documents are filed appropriately in fireproof cabinets.Ensure all assets mortgaged to Mawarid are properly insured.Forward the PDC’s to Clearing department for safe keeping and banking on due dates.Ensure that the finances are booked correctly, and the daily profit accruals are in order.Ensure all EMI’s are paid on respective due dates for all financesEnsure that delayed payment charges are received correctly and appropriated correctly.Follow-up with sales for any cheque returns, delayed payments related to the Finance.Provide details of funds requirement for disbursements to Treasury on weekly basis to enable treasury to arrange for funds in the bank accounts.At Maturity of finances/early settlement of finances, ensure all payments have been received, obtain approvals if any as per approval sheet and release the mortgages/collaterals.Ensure all accounts are reconciled and outstanding/un-reconciled items are properly accounted for.Maintain exception register for exceptions, follow-up with the concerned for regularizing the exceptions; highlight the exceptions to your peers if not regularized within the timeframe.Provide monthly report on the outstanding exceptions.Receive product documents for new products and test scripts.Go through the product document and understand the product and the conduct the UAT in the system as per the test scripts provided.Obtain all UAT results and reports verify the same and provide to your head of department for review.Respond and resolve to all quires received from the customers/salesProvide prompt, error-free and courteous service to all customers for services.Ensure that they maintain a helpful and customer friendly approach whenever dealing with the customersRequired Skills:Graduate/High School Certificate from a recognized institution.Intermediate knowledge of MS Office products e.g. (WORD EXCEL).Good general knowledge about various products and services offered by Islamic Institutions.2-3 years’ experience in a similar or related function.Ability to display customer orientation at work.Team player with an ability to interact well with a large number of different areas within the firmWell-developed written and oral communication skillsAbility to work under pressure.Good communication and organizational skills with pleasant personality.Effective time management skills to ensure they are able to plan and allocate their time to ensure the business and credit requirement are met.Candidate must be enthusiastic about the opportunity to learn new skills and ideally willing to undertake both internal and external study.

Expected salary: 8000 – 15000 per month

Location: Dubai

Job date: Tue, 21 Jan 2025 23:00:45 GMT

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