Treasury Accountant - Dubai Holding Community Management

About Dubai Holding Community Management:

Dubai Holding Community Management (DHCM) is a premium community management services provider under the umbrella of Dubai Holding. Established in 2021,DHCM DCM has quickly become a leader in the industry, offering exceptional services to maintain and enhance residential communities and districts across Dubai.

At DHCM, we believe in creating sustainable and vibrant communities that offer a sense of belonging to residents. Our team of experts provides various services, including community and district management, technical management, and financial management.

Our community and district management services ensure that each community is well-maintained, secure, and operates efficiently. We manage common areas, enforce community rules and regulations, coordinate with local authorities, and respond to residents concerns promptly and effectively

We proudly manage a portfolio of prestigious communities, including Bluewaters, City Walk, Port de La Mer, Bvlgari Residences, Jumeirah Beach Residence (JBR), and Business Bay Executive Towers, among others. Additionally, we manage iconic districts, including Business Bay, Dubai Land Residences, Jaddaf Waterfront, Dubai Media City, Dubai Internet City, Dubai Studio City, Dubai Harbour, and more.

About the Role:

The role holder is responsible for assisting senior manager in treasury operations including cash flow management, facility management, managing banking activities and reviewing the preparation of monthly reconciliation / Account statutory reports etc. with the objective of maximizing the return on the company's available cash.

The overall responsibilities of this role:

Cash Flow Management and Forex Rates

• Preparation of cash position report for MC/OAs on bi-weekly basis for the management and provide recommendation on cash utilization (i.e. Fixed Deposits).
• Review and check the collection reports on a monthly basis.
• Develop the contingency funding plans as and when needed.
• Oversee to ensure bank balances are provided to the Accounts Payable team for payment process on a regular basis.
• Coordinate with bank for successful PDC recalls and other operational matters.

Daily Collection Reconciliation

• Ensure all bank receipt entries such as cash, current-dated cheques, telegraphic transfers) are booked in correct accounts by the team members.
• Oversee the credit card reconciliation and pay by link with Network International report and receipts in ERP, Noqodi (payment gateway) / Mollak transaction report and bank details, cheques cleared in bank account and direct debit proceeds.
• Conduct review of reports (i.e. Remitted receipt reports, NI exception reports) to ensure all receipt booked are cleared in bank.
• Liaise with cash point team and team leader for any issue with Cash point related receipts.

Bounced Cheque Receipts Reversal and File Maintenance

• Ensure the team notifies and hands-over bounced cheques to credit control in a timely manner.
• Ensure the timely reversal of receipt in ERP with specific reason from bank line.
• Ensure the bounced cheques are forwarded to the cashier for filing and update in a timely manner.

Identification of Wire Transfer Receipts and File Maintenance

• Maintain unidentified receipt file and ensure the accurate and timely identification and receipt issuance through available information in Treasury mailbox and liaising with credit control.

Monthly Reconciliation Preparation

• Prepare the monthly bank reconciliation report across all OA accounts.
• Ensure that the card and bank charges are posted on a monthly basis in the ERP system.

Handling payment queries and documentation

• Support the team by answering escalated queries received through email and Freshdesk related to service charge payments.
• Handle documentation of refund request for management approval.
• Ensure that the treasury letters and memos are archived and circulated as required.
• Oversee the MIS reports including accounts list and reporting access.

About you:

The ideal candidate will have the below qualifications and experience:

• Bachelors degree in Business Administration / Finance / Banking / Treasury / Accounting or any related field.
• Minimum 4 years of experience with at least 2 years in a Finance / Accounting department.
• Strong quantitative and qualitative skills, ability to synchronize large amounts of data.
• Knowledge of ERP accounting software.
• Sound knowledge of accounting standards.
• Attention to detail, good organizational and record-keeping skills.

About Benefits:

At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered Internal workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.