Senior Executive - Bank Reconciliation Holding Group Services

Senior Executive - Bank Reconciliation - Dubai Holding Group Services

United Arab Emirates

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 Community Management

• Dubai Holding Land Estates

Key Responsibilities:

• 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…