Senior Executive - Bank Reconciliation - Dubai Holding Group Services

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Dubai Holding Group Services is hiring a Senior Executive for Bank Reconciliation to join its on-site Dubai team under Jumeirah Group, delivering bank reconciliations across multiple entities, cash management, MT940 processing, intercompany journal entries with the GL, and ongoing reconciliation control to support a timely month-end close. What matters most is a bachelor’s in accounting or finance with at least three years in bank reconciliation or treasury, strong ERP and MT940 experience, attention to detail, and collaborative communication across teams. To apply, tailor your CV to quantify impact such as faster close or fewer discrepancies, highlight cross-functional work and audit readiness, mention Fusion Oracle if you have it, and include a concise cover letter explaining your process improvement approach and willingness to work on-site in the UAE.

About Dubai Holding Group Services:

Group Services is Dubai Holding’s shared business services arm that provides consolidated business solutions in procurement, finance and human capital across the Group. With a commitment to talent, digital innovation and continuous improvement, it delivers best-in-class service, enhancing the Group's overall performance.

Group Services is dedicated to transforming operations, elevating service quality and cultivating specialised teams focused on excellence and innovation.

Group Services comprises of:

Group Services Procurement delivers end-to-end value through strategic sourcing, supplier management, and contracting. Enabled by advanced technology, streamlined processes, strong governance, and data-driven insights, it ensures responsible sourcing, cost efficiency, and operational excellence.

Group Services Finance manages financial transactions, budgeting, and reporting to ensure strong fiscal health and cash flow. It empowers informed decision-making through insights that drive sustainable growth and profitability.

Group Services Human Capital manages the full employee lifecycle, ensuring a smooth journey from recruitment to offboarding while fostering a culture that values and supports people—the Group’s greatest asset.

Empowering talent for the future:

Group Services’ greatest strength lies in its people; their collective capabilities serve as the driving force of the company. Dedicated to creating a vibrant talent hub where challenging the norm leads to innovation, collaboration fuels creativity and caring for people and partners cultivates strong relationships, Group Services aims to build a foundation for sustained success.

As a business that views success as a shared journey and celebrates every achievement along the way, Group Services offers the opportunity to grow, develop skills and make a meaningful impact.

Dubai Holding Group Services proudly supports a diverse portfolio of companies:

• Dubai Holding Real Estate

• Dubai Holding Entertainment

• Dubai Holding Community Management

• Dubai Holding Land Estates

• Dubai Holding Hospitality

• Dubai Holding Investments

• Dubai Holding Asset Management

Key Responsibilities:

• Bank Reconciliation:
  • Perform daily and monthly bank reconciliations across multiple entities, ensuring accurate matching of bank balances with the general ledger.
  • Identify and resolve discrepancies between the bank and ledger balances, collaborating with internal teams for timely resolution.
• Cash Management:
  • Oversee cash management transactions, including interest income, bank and foreign exchange (forex) charges, VAT, intercompany transfers (IGTs), and sweep movements.
  • Accurately record all treasury-related external entries in the cash management system.
• MT940 Bank Statement Processing:
  • Process and upload MT940 bank statements into systems like Tahweel, ensuring smooth reconciliation.
  • Troubleshoot and resolve issues when automated bank statement feeds fail.
• Journal Entries and GL Coordination:
  • Work closely with the General Ledger (GL) team to process intercompany and reclassification journal vouchers (JVs).
  • Ensure the proper posting of all journal entries, in alignment with the company’s accounting policies.
• Reconciliation Control and Reporting:
  • Maintain reconciliation control sheets to track outstanding items, adjustments, and follow-up actions.
  • Provide accurate and timely reconciliation reports to support month-end closing activities.
• Audit Support:
  • Respond to audit queries, providing necessary documentation and explanations related to bank reconciliations and treasury activities.
  • Support internal and external audits by preparing and presenting required reports and schedules.
• Compliance and Process Improvement:
  • Ensure all reconciliation tasks are performed in compliance with internal policies and Service Level Agreements (SLAs).
  • Continuously evaluate and recommend process improvements to enhance efficiency in bank reconciliation activities.

About you: The preferred candidate for this role should possess the following experience and credentials:

Required Qualifications:

• Bachelor’s degree in accounting, Finance, or related field.
• Minimum 3 years of experience in a bank reconciliation, treasury, or accounting role.
• Strong understanding of bank reconciliation processes and cash management operations.
• Proficient in accounting software and systems ERP, with experience in MT940 statement processing and automated feeds.
• Experience with journal entries and general ledger processes.
• Excellent attention to detail and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to collaborate across teams.

Desired Skills:

• Knowledge of [specific accounting software or ERP system, e.g., Fusion Oracle].
• Familiarity with international bank reconciliation practices and foreign currency management.
• Ability to work under pressure and meet tight deadlines, especially during month-end closing.
• Strong analytical mindset and ability to identify discrepancies and resolve issues quickly.

About the 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 Classification: 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.