Job Description
Cash Management affairs of the Exchange
· Accounts in charge of finalization
· Correspondent Banks / agent replenishment of account
· Co-ordinating/ managing branch affairs and its operations
· Maintaining inventory management
· Reconciling and monitoring all exchange dealings & remittances
· Create periodic transaction reports
· Monitor and Fund availability of sufficient AED / currency stock
· Daily Operational Standards and implementation
· In charge of Accounts / Finance affairs
· Responsible for reconciliation of accounts with banks inside / outside of U.A.E
· Key holding when instructed
· Fund / Cash management
· Organize transfer of excess funds
· Submitting of weekly report with any suggestion and remarks
· All accounts work related
· Adhere to signed Company rules & Policy Procedure
- Arrange to submit accurate regulatory reports, such as monthly returns, quarterly returns, monthly remittance reports, audited financial statements etc. within the submission deadlines to the Central Bank
- Maintain automated books of accounts for generating periodical CBUAE return with the aid of suitable accounting software
- Always maintain appropriate reports for Foreign Currency Exchange and Remittance Transactions for all periods, for examination of CBUAE
- Obtain statements from foreign banks and foreign remittance partners and perform reconciliation of balances on a regular basis, preferably daily
- Investigate the differences identified during the reconciliation process and report all un-reconciled items to the Manager In-Charge immediately
- Assess the value and act on the unclaimed funds on a regular basis
- Assess the liquidity position and capital adequacy on a regular basis to inform the Finance Manager
