Description:
Position Summary
The candidate is responsible for managing, processing, and monitoring all financial transactions related to Owner Associations (OA). This role ensures compliance with regulatory requirements, accurate record-keeping, and timely execution of payments, receipts, and reconciliations in coordination with management companies, banks, and regulators.
Key Responsibilities
Payment Processing
Process owner association payments, service charges, utility bills, and supplier settlements.
Ensure payments follow internal approval workflows (initiator, checker, releaser).
Monitor and resolve rejected or delayed transactions.
Receivables & Collections
Track and record service charge collections, deposits, and reserve fund contributions.
Reconcile receivables with OA management companies and bank statements.
Escalate overdue payments as per policy.
Bank Coordination & Compliance
Liaise with banks to ensure smooth processing of OA transactions.
Support compliance with RERA/Mollak requirements and reporting obligations.
Maintain strict adherence to internal controls and financial regulations.
Reporting & Reconciliation
Prepare daily, weekly, and monthly financial reconciliations.
Generate reports for management and regulators (e.g., Mollak reports).
Support audit requirements with accurate documentation.
System & Process Support
Update OA banking systems with transaction details and approvals.
Identify workflow issues and suggest process improvements.
Ensure proper filing and documentation of all bank-related activities.
Qualifications & Skills
Bachelor s degree in Accounting, Finance, or related field.
Minimum 2 4 years of experience in banking, financial operations, or OA-related finance.
Knowledge of RERA/Mollak regulations (preferred).
Strong attention to detail and accuracy in financial processing.
Proficiency in MS Office (Excel, Word, Outlook) and banking platforms.
Strong communication and coordination skills with banks and stakeholders.
Ability to handle multiple tasks and meet deadlines in a high-volume environment.
No
|
Comments
|
...Were Hiring: Italian-Speaking Content Moderator (On-Site in Porto, Portugal) Full-time | Relocation Support + Accommodation from... ..., you will: Monitor and regulate content on a leading social media platform Ensure user accounts and content meet community guidelines...
...Employment Type: Fixed Term Contract Reporting To: Executive Chef Description Responsible for food preparation, production,... ...to USPH procedures and thereafter in accordance to standard corporate recipes, reporting any discrepancies to the Executive Chef.; Reports...
...We are seeking an individual who has some experience managing others and working in a fast paced environment. We are an organic juice bar in corona Del Mar and being reliable and friendly are 2 of the top qualities we value most :) Our team gets a long well, has fun at...
...shifts with minimal supervision UI development (e.g. HTML, JavaScript, Angular and Bootstrap) Experience with backend... ...) Atlassian tooling (e.g. JIRA, Confluence, and Github) Developing with modern JDK (v1.7+) Automated Testing: JUnit, Selenium,...
...Job Title: QA with Salesforce and Mulesoft Location: Remote Duration: 6 Months Contract Over All 14+ years JOB DESCRIPTION Familiar with using Salesforce (log in to Salesforce, navigating, checking data, run some basic data queries for validation...