Restructuring & Remedial Officer Real Estate ADIB UAE

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

Tagged as: HR Officer