Assistant Manager Credit Administration Commercial Bank International

Assistant Manager Credit Administration of Commercial Bank International is responsible to oversee credit related administrative tasks and processes in a commercial banking environment. This is full time role and it was published by the company on February 14, 2024.

Responsibilities of Assistant Manager Credit Administration

• Manage the securities/documentation functions for Wholesale Banking Group / Business Banking / Syndication / Islamic and Recovery Team.
• Manage and authorize the finalization of FOL / documents to ensure all the approved terms and conditions have been addressed with 100% accuracy.
• Perform an independent check on Syndication Loan documents and release for implementation in Core Banking System.
• Manage and oversee daily operations of the team with aim of maximizing the productivity and to ensure delivery of efficient and high-quality services are provided to CBI Customers.
• Ensure the release of limits are done within the delegation and approved matrix of the Credit Policy of the Bank.
• Authorize Release of approved limits (jointly) for implementation in Core Banking System after perfection of documentation / securities and terms, conditions precedent.
• Monitoring and escalate all exceptions of the documents / deferrals to credit team / business units.
• Ensure all data input and scanning are capture in the Electronic Data Management System and authorized with 100% accuracy.
• Ensure to access the safety vault of documentation for safe keeping of Bank’s collaterals documents.
• To ensure the audit rating for the department is minimum “Satisfactory or above”.
• Ensure register the pledge over moveable assets in EIRC (Emirates Integrated Registries Company LLC)
• Management of collaterals Amendment, New or Changes to be done to collaterals as per the credit approvals
• Monitoring of covenants – Escalation and update of all financial and on financial covenants to Business Team and Credit.
• Authorization of online real estate mortgages, Pledge of shares in Dubai Financial and Abu Dhabi Financial Market.
• Acting as backup for overall functions of limits management. Authorization and management of credit limit and loan drawdown for all segments of Business Team.
• Release of credit limits as per the approval received from Credit Risk Management after perfection of documents/collaterals.

What You’ll Do More?

• Ensure all collaterals and terms and conditions are captured in all documents / Facility Agreements as per the credit approval for utilization by the borrowers/customers and internal teams of the Bank.
• Monitoring and Reporting of all exceptions i.e. expired documents, expired collaterals, defected documents and deferral documents for providing the renewed documents.
• Compliance of turn-around time in delivering services to Corporate/Business Banking/Recovery / Syndication and Islamic Team.
• To ensure that the approval is within the delegation of the credit matrix and report any breach in delegation to the credit department.
• Ensure monitoring of covenant testing dates and escalation in breach of covenants
• Authorize Release of credit limits, monitoring documents, reporting irregularities under EDMS system for all documents and follow up to resolve exceptions.
• Ensuring Audit Rating for the CAD is always “Satisfactory”/ Good or Excellent.
• To ensure the delivery of services is of best in the Bank and implement the Service Level Agreements between CAD/Business Units.
• Liaison with internal and external legal counsels for vetting of legal and security documents.
• Act as back up for limit management and Loan functions in the Core Banking.
• Addressing all audit observations for timely closure and compliance.
• Release and Activation of Limits (Working Capital Limits, Syndication, Islamic, Real Estate, Commercial Loans) after perfection of documents.
• Ensure no loss to the Bank due to incorrect pricing / service charges/fees.
• Maintain the file archiving system / data cleanup for non required documents.
• Ensure data Input / Scanning of documents / Authorization of documents scanned by other colleagues of the Bank with no errors.
• Ensure registration of Charge on movables assets in EIRC.
• Ensure update of collaterals and monitoring of collaterals.

Requirements of Assistant Manager Credit Administration

• Bachelor’s degree in commerce/Business / Accounting and Financial / Credit Risk Management.
• Banking Diploma.
• 3-4 years of experience in similar role.
• Qualified experience in a Commercial Bank with excellent knowledge of credit administration job and execution of process for corporate banking / business banking.

Skills and Knowledge Desired

• Good knowledge about operational procedures, risk management, credit reporting and monitoring.
• Understanding of Credit process / Manuals.
• Analytical and good product knowledge regarding the working capital limits, corporate loans, real estate loans.
• Knowledge about UAE Central Bank’s regulatory requirements.
• Negotiation and convincing skills.
• Adequate oral and written communication skills.

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Senior Officer Remedial Commercial Bank International

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