Escrow Engineer Regulator Complain & Drawdown Control

Job Description

Transguard Workforce Solutions is the UAE's leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution.

We are currently recruiting for an Escrow Engineer – Regulator Complain & Drawdown Control for our client to be based out of Dubai.

Purpose-

To evaluate and monitor construction/project-related exposures and ensure all escrow disbursements are validated, compliant with RERA regulations, and aligned with certified project progress, thereby supporting effective credit decisions and maintaining a healthy and secure credit portfolio.

• Escrow Certification & Drawdown Control Manage and validate all escrow-related payment certifications in line with RERA regulations (Law No. 27 of 2007 – Trust Accounts for Real Estate Development).Review and approve construction drawdowns based on certified progress and contractual milestones.
• TAS System Management & Compliance.
• Oversee and validate the submission and processing of certifications on the RERA TAS system.
• Site Validation & Technical Assessment Non-Site Verification & Document Control Verify contracts, certifications, and supporting documentation where site visits are not required.
• Ensure compliance with RERA escrow laws and guidelines.
• Payment Process & Developer Coordination.
• Validate deliverables from external engineering consultants prior to payment approval.
• Ensure alignment between certified work, contractual terms, and payment requests.
• Coordinate with internal teams (Escrow Operations, Finance, Credit) and external Developers to ensure smooth execution.
• Responsible for engineering oversight and monitoring of financed projects, including regular review and validation of Progressive Payment Certificates (PPCs) for construction and infrastructure disbursements.

• Bachelor's degree in engineering, Finance, Construction Management, or a related discipline.
• Professional certifications in Project Management, Risk Management, or Banking/Credit are an added advantage.
• Strong working knowledge of business applications and data analysis tools (e.g., spreadsheets and reportingtools).
• 5–8 years of relevant experience in banking, project finance, escrow management, or construction/project monitoring.
• Hands-on experience in escrow operations, drawdown control, or project certification is highly preferred.
• RERA regulations and escrow frameworks (UAE – Law No. 27of 2007)Banking operations, credit risk, and compliance requirements.
• Experience in coordinating with developers, consultants, and internal stakeholders.
• Strong communication skills in English (Arabic is an advantage).