Disbursement Officer

Job title : Disbursement Officer

JOB SUMMARY

• The Disbursement Officer is responsible for ensuring the prompt and accurate processing of working capital and regulatory payments for ARM Businesses.
• This role involves handling inquiries and requests from internal customers and units, managing relationships with banks, and preparing daily cash positions and reports.
• The Disbursement Officer also resolves reconciliation issues within a 48-hour turnaround, maintains the company's bank accounts, monitors cash advance disbursement and retirement processes, and provides support to the settlement desk as needed.
• This position requires a high level of accuracy, timely task execution, and effective communication with internal and external stakeholders to ensure the smooth functioning of financial operations.

JOB DESCRIPTION

• Prompt processing of Working capital and regulatory payments for ARM Holdco, ARM Harith, ARM Trustees and ARMIM with minimal errors 
• Attend to inquiries/requests from internal customers/units as regards working capital & dedicated client accounts across the respective Banks. Following up with banks for prompt processing of approved transactions
• Preparation of Daily Cash Position for Trust Clients and Working Capital accounts
• Daily preparation of call-over report and upload of same in the dedicated folder.
• Provide Bank Relationship Management Support
• Prompt resolution of all reconciliation issues as it relates to ARMHIIL, ARMHIF, Trustees, AAFML & RFL. TAT of no more than 48hrs
• Maintenance of the company’s bank accounts, support opening, closing and signatory changes on bank accounts
• Monitor cash advance disbursement and retirement processes.
• Provide support to the settlement desk as and when needed 

JOB EXPERIENCE

Education

• Bachelor’s degree from an accredited university
• Professional certification in finance and/or accounting from a recognized professional body (e.g. GARP, CFA, CGMA, ACCA, ICAN etc.) will be added advantage.

Experience

• Minimum of 2 years of work experience in a similar role.
• Work experience in the financial services industry will be of added advantage 

• Accounting / Financial Services jobs