Senior Officer Remedial Commercial Bank International

Commercial Bank International is presently accepting applications from suitable candidate for the job role of Senior Officer Remedial. The role holder is responsible to manage distressed assets, develop and implement strategies for recovery, and mitigate financial risks to the bank.

Responsibilities of Senior Officer Remedial

Manage NPA/NPL cases

• Proactively manage and follow up NPA/NPL accounts.
• Review, make proposals for write off, settlement, restructure.
• Visit clients independently and carry out site visits to warehouses etc to evaluate clients’ position.
• Display good negotiation skills and credit perspective to convince customers to repay.
• Managing Potential NPA/NPL and watchlist accounts.
• Coordinate with Business groups for settlement/regularization of past dues beyond 45 days.
• Daily review of the past due report.
• Conduct joint visits where necessary with business group to work on a strategy to resolve the past dues.

Maintain follow up with borrowers

• Communicate with the clients regarding to follow up on defaulted loans to reach amicable settlement.
• Initiate legal notice, demand letters, emails to defaulted customers etc.

Preparation of Proposals

• Prepare memos and CPs for restructure cases with guidance from Head of Remedial/Remedial Managers.
• Analyze financials, cash flows, central bank reports and other financial and non financial information.

Internal Inter departmental coordination

• Coordinate with Operations, IT, CAD to ensure that approved restructured loans etc are implemented correctly in the system and facility/ security documentation is correctly lodged.
• Coordinate with the Credit & Trade finance Department regarding executing the defaulted loans after modifying and rescheduling defaulted accounts.
• Recommend and Prepare files/memos to transfer accounts to legal department for legal action and to recovery agencies as decided by HRM/Legal Dept as the best course of action.

Monitoring Senior Officer Remedial

• Recommend changes to internal risk rating and ensure correct implementation in line with management decision/central bank guidelines.
• Recommend changes to Central Bank classifications based on management decision/Central bank guidelines.
• Monthly tracking of CB exposures for borrowing clients for discussion with respective RM/SRM/UH for further action.
• Monitor utilizations for watchlist accounts and highlight cases.

Administrative

• Prepare vouchers as necessary to pass entries.
• Follow up with Credit department regarding pending restructuring cases.
• Monitor limits in the system to ensure they are adjusted in line with outstanding for exit cases.
• Perform any other duties or responsibilities consistent with the role as assigned by management.
• Liaising with legal department and attending expert meeting for cases under Remedial.

Role Requirements Of Senior Officer Remedial

The role requirements for the job role of Senior Officer Remedial are as under:

• Bachelor’s degree in accounting or finance.
• Minimum 5 years’ experience in corporate banking or recovery department, specifically preparing proposals and performing customer analysis.

Assistant Finance Manager Commercial Bank International

Officer FCC Commercial Bank International

Manager Business Finance Global Banking HSBC UAE