Senior Associate – FTC Factoring Ops

🔥 5 minutes ago

🇵🇰 Pakistan – Remote

⏰ Full Time

🟠 Senior

⚙️ Operations

👻 Ghost score 10%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Mashreq

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1967

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Mashreq is a leading financial institution based in the UAE, offering a wide range of banking services including personal, corporate, and investment banking. The bank focuses on providing innovative financial solutions to its customers and has a strong digital banking presence.

📋 Description

• Ensure on-time disbursement, settlement, amendments, reconciliation, testing and monitoring for Supply Chain, Factoring and related loan portfolios without errors • Follow agreed Product Programs, Process Notes, SOPs, OPM, CPM and ADMs • Review Credit Proposals and Agreements when sanctioning disbursements against client drawdown requests • Recover fees, charges, VAT, interest, profit, penalties and charity on outstanding Supply Chain and Factoring exposures • Apply accounting standards and APPM for accurate income and charge accruals • Make SWIFT and UAEFTS payments according to applicable standards • Complete operating-system UATs and promptly report observations and defects • Track post-disbursement credit terms and immediately report breaches • Coordinate with stakeholders on exceptions and clarifications through resolution • Perform and review daily reconciliations, publish reconciliation status and highlight issues • Balance banking accounts across multiple systems • Develop controlled mechanisms to ensure timely and error-free processing • Escalate delayed or unanswered action items to the Manager • Share errors and knowledge gaps with the line manager and team to address customer service issues • Perform Compliance and EDD screening of trade documents and requests • Track referrals and outstanding tasks through completion • Prevent revenue leakage from missed charge collection • Ensure no outstanding reconciliation entries remain in Nostro/Vostro or internal accounts • Define requirements and follow up for new system UATs

🎯 Requirements

• Bachelor's Degree • 4 - 7 years of relevant working experiences in Supply Chain Factoring, Corporate Credit & Trade Finance Operations • Experience of handling multiple system UATs, BRD preparations and meeting deadlines • Experience/Knowledge of handling multiple systems like CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle • Ability to learn new banking systems quickly and identify Gaps if any • Experience of handling complex reconciliations between banking systems to ensure no failures while connectivity • Good knowledge of trade documents and trade cycle • Good experience in reviewing credit proposals and agreements • Experience of performing EDD & Compliance screening on submitted requests and Trade documents

🏖️ Benefits

• Full-time employment • Remote work