Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank Dubai is currently looking for the suitable candidate for the job role of restructuring & remedial officer real estate. The job holder is responsible to manage assigned portfolio for remediation, restructuring & recovery activities. This job was published on January 24 2024 and is open to receive application from the interested candidates.
Responsibilities of Restructuring & Remedial Officer
- Work closely with the obligors and focus on the recovery and turnaround of each classified account in the assigned portfolio.
- Negotiate and recommend restructuring/ settlement that maximize the prospect of recovery.
- Prepare and present credit proposals with well analyzed and evaluated restructuring and/or strategic recommendations to senior management for approval.
- Restructure facilities in order to preserve the bank’s capital and maximize the prospects of recovery after analysis of the case and relevant markets.
- Coordinate with Bank’s collection Legal department for collection efforts.
- Follow up for earliest realization of proceeds from foreclosures/other legal actions.
- Ensure proper implementation and follow up on the operational aspects of the account management with timely and proper internal administration and record keeping.
- Coordinate with Sharia Department to ensure that restructurings are in line with Sharia principles.
- Monitor the recoveries of the assigned portfolio.
- Ensure that collection policies and procedures with respect to classified accounts are complie with.
- CCRs and annual renewals are prepare in a timely manner and security documents are update as and when require.
- Conduct trade transactions (if applicable) for accounts that have been restructured (where limits are available).
Role Requirements
The requirements of Restructuring & Remedial Officer are as under:
- University degree in Business, Economics, accounting, Finance or related studies, such as MBA.
- Minimum 2 to 5 years of experience in real estate lending, relationship management, general credit and credit analysis and/or background in recoveries and remedial.
Branch Manager ADIB Shiekh Zayed Main Branch Abu Dhabi
Head of Information Security & Assurance Abu Dhabi Islamic Bank