We are looking for a Reconciliation & Reporting Officer (Contract) for a Fintech company which is a subsidiary of a leading global bank.
Location – Dubai, UAE
Salary – Depending on Experience
Length – Six-month fixed term contract (scope to extend)
Qualifications:
- Graduate in Accounting or Business
- Understanding of end-to-end Reconciliations (2-way and 3-way) for financial transactions
- Minimum 3 to 5 years’ experience in the transactions in a Bank, Financial company, or Exchange House
- Able to work with Reconciliation tools, as well as expert in MS Excel.
- Ability to work independently and under tight deadlines and time pressure.
- Good interpersonal and communication skills
- Good command of spoken and written English
- You have good communication skills, tenacious and are a quick learner.
- You can work against deadlines and under pressure (when it comes!)
- You are a team player and are easy to get along with
- You have a strong numbers-focus, and are able to work with large volume of data.
- You will work towards following and advocating the Company’s values in all aspects.
- Must have own visa (spouse, golden or employment with NOC letter) & medical insurance.
Key responsibilities:
CBFT (Cross Border Funds Transfer)
- Perform daily reconciliation of international remittance transactions against Nostro/Vostro accounts.
- Monitor unsettled, cancelled, or amended transfers and ensure timely resolution.
- Support regulatory reporting for CBFT transactions.
WPS (Wage Protection System)
- Reconcile WPS salary files and settlement reports from corporates and the Central Bank of UAE.
- Monitor end-to-end flow from funds movement, processing, and debit/credit posting to User accounts.
- Track rejects, reversals, and exceptions, escalating to operations and Business teams as required.
UAE Switch Settlement
- Reconcile ATM/POS transactions processed via UAE Switch.
- Validate daily settlement files from processor (e.g., EN/NI) against system records.
- Investigate failed/duplicate transactions, non-receipt of cash cases, and settlement breaks.
Scheme Settlement
- Perform reconciliation of all Schemes (such as Visa, MasterCard or Jaywan) transaction types (POS, ATM, e-commerce).
- Validate scheme settlement reports, interchange fees, and scheme charges.
- Monitor chargebacks, representments, and adjustments, ensuring proper accounting and reporting.
Reporting & MIS
- Prepare periodic MIS of Reconciliations across CBFT, WPS, Switch, and Scheme transactions.
- Generate exception/break reports and circulate to stakeholders for timely resolution.
- Prepare and maintain a Daily Exception Dashboard to monitor CBFT, WPS, Switch, and
- Scheme reconciliation exceptions, trends, and resolution status.
- Provide management with dashboards on settlement volumes, pending cases, and reconciliation status.
- Support audits (internal, external, regulatory) with accurate reconciliation evidence.
About the Role:
The Reconciliation & Reporting Officer is responsible for the daily reconciliation, exception management, and reporting of financial transactions acrossCross Border Funds Transfer (CBFT), WPS (Wage Protection System), UAE Switch, and Scheme settlements. The role ensures accuracy of financial postings, regulatory compliance, and timely management reporting to support smooth payment operations and audits.
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